1319 E 66th StreetCleveland, OH 44103

1319 E 66th StreetCleveland, OH 44103

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$199,000 Active
Multi Unit - Multiple MLS 5195946 New to the Market
8 beds 4 full baths 5,028 sqft

Listed By

Agency Name: Keller Williams Citywide
Agency Contact: markcolucci@kw.com, 440-590-5219

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

4-Unit Opportunity Strong Cash Flow Potential! Investor-focused four-unit multifamily in a rapidly growing Cleveland location! This property offers an ideal mix of immediate income and upside, perfect for both local and out-of-state investors looking to build cash flow and equity. Two units are currently occupied at $795/month and $750/month, providing instant income from day one. The remaining two units are vacant, giving you the ability to place your own tenants at market rents and significantly increase returns. One of the vacant units is already rent-ready with fresh carpet, allowing for quick lease-up and faster stabilization. Each unit features a spacious 2-bedroom, 1-bath layout with large living areas, long hallways, and additional flex space?highly desirable for tenants and supportive of strong rental demand. The generous unit sizes make this property stand out compared to typical multifamily layouts in the area. At just $199,000, this is a low entry price for a four-unit asset with major upside. Whether you're looking to increase rents, fill vacancies, or hold for long-term appreciation, this deal checks all the boxes for a high-performing investment. Perfect for investors seeking: ? Immediate income with value-add potential ? Strong cash flow at a low purchase price ? Large, desirable unit layouts ? Opportunity to boost rents and equity quickly Opportunities like this don't last?secure a high-upside multifamily asset in one of Cleveland's active rental corridors!

1319 E 66th Street | MLS# 5195946

This multi-family property located at 1319 E 66th Street, Cleveland, OH 44103 is currently listed for sale with an asking price of $199,000. E 66th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 906e18thavenue.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Days on Market: 1
Heating: Forced Air, Gas
Lot Size: 0.11 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $1,752 / year
Year Built: 1900

Feature Descriptions

Exterior: Brick
Parcel#: 106-01-100
Parking: On Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 1319 E 66th Street, Cleveland, OH 44103
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,174.96 per month $970.92 Principal & Interest $146.00 Property Tax $58.04 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage