1 day on Rocket
$689 Closing Credit¹
#5118180, Denise A Quiggle, Listing Office: McDowell Homes Real Estate Services
$64,000 List price
5614 Drake Ave Cleveland, OH 44127
$760
Closing credit¹
4 beds
1 full
2,556 sqft
0.10 acres
$25 / sqft
House
Property details
About 5614 Drake Ave
Investor Special! This Cleveland single family home is a prime opportunity for a fix and flip or BRRRR deal to add to your portfolio. This property needs a full renovation but offers excellent cash-flow potential. 4 bedrooms and 1 bath, with Section 8 rents exceeding $1,900 once rehabbed. Perfect for seasoned investors looking for a high-ROI project—don’t miss out on this opportunity to add value to your portfolio.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
Size2,556 sqft
Lot size0.0964 Acres
Year built1890
ParkingDriveway
MLS #5109550
Summary
- Full Bathrooms: 1
- Basement: No
- Total Bedroom Count: 4
- Attached Garage: No
- Private Pool: No
- Parking: Driveway
- Architectural Style: Colonial
- Heating: Forced Air
- Cooling: None
- List Price: $64,000
- Price/SqFt: $25
- Annual Tax Amount: $1,679
- Tax Year: 2023
- Directions: E 55th St to Drake Ave.
- Year Built: 1890
- Stories: 2
- Living Area: 2,556 SqFt
- Lot Size: 0.0964 Acres
- MLS Number: 5109550
- MLS Name: NOWDD
- Office Name: Keller Williams Chervenic Rlty
- Office Phone: (216) 315-0915
- Office Email: JDFrance@kw.com
- Listing Agent: JulDanniel France
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2025, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$64,000
5614 Drake Ave
$760
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 03, 2020 | Home Sold | $61,900 |
| Jun 26, 1997 | Home Sold | $59,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $21,670 | $1,679 |
| 2022 | $21,670 | $2,604 |
| 2021 | $21,670 | $1,654 |
| 2020 | $9,800 | $866 |
| 2019 | $9,810 | $802 |
| 2018 | $9,810 | $800 |
| 2017 | $12,430 | $1,050 |
History based on county public records data.
Nearby schools
5
Constellation Schools: Eastside Arts Academy
Public Charter KG-6
1.2 mi
•6700 Lansing Ave
2
Stepstone Academy
Public Charter KG-4
2.3 mi
•3328 Carnegie Ave
8
Cuyahoga Hts Elementary School
Public District PK-5
2.9 mi
•4880 E 71st St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $17,344. Most Cleveland, OH residents have annual incomes less than $<35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
74%
<35k
24%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
66%
Single, No Kids
21%
Single, with Kids
7%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
29%
18-34 yrs old
40%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5614 Drake Ave
The listing price of 5614 Drake Ave property is $64,000.
The property 5614 Drake Ave is a house located in Cleveland, Ohio, 44127.
Active Listing: 5614 Drake Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5614 Drake Ave are: Constellation Schools: Eastside Arts Academy (GreatSchools Rating 5/10), Stepstone Academy (GreatSchools Rating 2/10), Cuyahoga Hts Elementary School (GreatSchools Rating 8/10), Broadway Academy (GreatSchools Rating 5/10), Mound School (GreatSchools Rating 3/10), Anton Grdina School (GreatSchools Rating 3/10), East Tech High School (GreatSchools Rating 2/10), Jane Addams Business Careers Center (GreatSchools Rating 4/10), Northeast Ohio College Preparatory School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $1,679 (source: MLS/based on county public records data).
The last sale was on January 3, 2020 for $61,900 (source: MLS/tax record).
The property at 5614 Drake Ave has 4 bedrooms and 1 bathroom.
The property 5614 Drake Ave is 2,556 SqFt (source: MLS/tax record).
The year of construction for 5614 Drake Ave is 1890.
This home is located at 5614 Drake Ave in Cleveland, OH and zip code 44127 in the Broadway-Slavic village neighborhood. This 2,556 square foot home, which was built in 1890, sits on a 0.10 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 26, 2025 and is currently priced at $64,000.
While more than 235 listings in Cleveland, OH in March 2025 were sold above asking price, there were more than 83 listings sold at asking price, and more than 286 were sold below. In March 2025 in Cleveland, OH there were 14.1% more homes for sale than in February. In March 2025, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $170,800.
From Rocket Homes Real Estate and based on county public records data.