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8 Beds
2 Baths
4,402 sqft

$249,999

1550 Belmar Road 2, East Cleveland OH, 44118

Price per sqft$56.79
Built in1922
Property size4,402 sqft
Property typeMulti-family

Overview

Active

Listed Oct 9, 2026

Updated 2 days ago

Income potential exceeding $4,000 per month near Coventry Village! This vacant duplex offers 8-9 bedrooms across two spacious units. The lower unit features 3 bedrooms with potential for a fourth and was previously leased through CMHA at $1,900 per month, with current published voucher rent of approximately $2,160. The upper unit offers 5 bedrooms across two levels and was previously leased for $2,460 per month, generating combined historical rents of $4,360 monthly. Both units are rent ready with appliances included. Recent improvements include exterior paint, unit updates, flooring, plumbing, upgraded electrical, new furnace, new central air, and newer water heaters. Located just uphill from Coventry Village in a residential neighborhood bordering Cleveland Heights, with convenient access to shopping, dining, and amenities. Similar properties just a few blocks away have sold at over 350k. The street is undergoing a makeover with 2 nearby properties also being flipped.

$1,663/mo

Est. mortgage payment based on a $249,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5252078

Interior Features

Bedrooms
8
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.13 Acres

Other Property Details

Taxes
$1,234
Tax Frequency
Annually
View
Yes

Courtesy of Keller Williams Living

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Michelle Federico shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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