Investors, here’s your chance to own a fully updated, cashflowing Section 8 property with strong upside potential. This 3-bedroom, 1-bath home also features a bonus room on the first floor that can easily be converted into a fourth bedroom to further boost rental income. Currently, the property is generating $1,150 per month with CMHA paying 100% of the rent, and it’s eligible for a rent increase to $1,400–$1,600 per month with the proper adjustment request. The home is lead certified and has undergone significant updates, including a new furnace (2018), hot water tank (2018), electrical (2018), plumbing (2018), updated bathroom (2018), updated kitchen (2018), new flooring (2018), and a roof (2020), windows (2018), ext./int. paint (2018). With all major systems recently updated, this property is truly turnkey—offering minimal maintenance, immediate cash flow, and the security of guaranteed rent in a high-demand rental area. Don't miss out! Reach out to listing agent for walkthrough videos.
Sold for $70,000
$70,000
749 E 131st St, Cleveland, OH 44108
3beds
1,014sqft
Single Family Residence
Built in 1916
2,700.72 Square Feet Lot
$91,800 Zestimate®
$69/sqft
$1,245 Estimated rent
Home value
$91,800
$75,000 - $108,000
$1,245/mo
Zestimate® history
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$408/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: October 01, 2025 at 10:05am
Listing Provided by:
Gabriel Newberry 216-252-6580 marketing@lokalrealestate.com,
Lokal Real Estate, LLC.
Bought with:
Gabriel Newberry, 2021006563
Lokal Real Estate, LLC.
Source: MLS Now,MLS#: 5147658
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Description: Flooring: Carpet
- Level: Second
Bedroom
- Description: Flooring: Carpet
- Level: Second
Bedroom
- Description: Flooring: Carpet
- Level: Third
Bathroom
- Description: Flooring: Tile
- Level: Second
Bonus room
- Description: Flooring: Carpet
- Level: Second
Dining room
- Description: Flooring: Wood
- Level: First
Kitchen
- Description: Flooring: Tile
- Level: First
Living room
- Description: Flooring: Wood
- Level: First
Heating
- Forced Air
Cooling
- None
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,014
- Total interior livable area: 1,014 sqft
- Finished area above ground: 1,014
Property
Parking
- Parking features: Concrete
Features
- Levels: Three Or More
Lot
- Size: 2,700 sqft
Details
- Parcel number: 11015052
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Updated/Remodeled
- Year built: 1916
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cleveland
- Subdivision: Elworthy-Helwick Companys Frs
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2025 | Sold | $70,000-26.3%$69/sqft |
Source:  MLS Now #5147658 Report a problem | ||
| 8/15/2025 | Pending sale | $95,000$94/sqft |
Source: MLS Now #5147658 Report a problem | ||
| 8/12/2025 | Listed for sale | $95,000+28.4%$94/sqft |
Source: MLS Now #5147658 Report a problem | ||
| 8/6/2022 | Listing removed | -- |
Source:  HomeSmart Report a problem | ||
| 5/19/2022 | Price change | $74,000-1.3%$73/sqft |
Source: MLS Now #4346743 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $663 +106.5% | $9,910 +140% |
| 2023 | $321 +0.6% | $4,130 |
| 2022 | $319 +0.9% | $4,130 |
Find assessor info on the county website
Neighborhood: 44108
Nearby schools
GreatSchools rating
- 3/10Stephanie Tubbs Jones SchoolGrades: PK-8Distance: 0.6 mi
- 3/10Glenville High SchoolGrades: 2,8-12Distance: 0.8 mi
- 5/10Kenneth W Clement Boys Leadership AcademyGrades: PK-8Distance: 0.8 mi
Schools provided by the listing agent
- District: Cleveland Municipal - 1809
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$91,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$91,800
- Ohio
- Cuyahoga County
- East Cleveland
- 44108
- 749 E 131st St