716 E 160th ST, Cleveland, OH 44110
716 E 160th ST, Cleveland, OH 44110
716 E 160th ST, Cleveland, OH 44110
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$89,999
Est. payment /mo
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4 Beds
2 Baths
5,519 Sqft Lot
New

716 E 160th ST Cleveland, OH 44110

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Lyndsay Maynard

Lyndsay Maynard

+1(740) 359-1913

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Crosbys Allotment

MLS Listing ID 5205115

Bedrooms 4

Full Baths 2

Construction Status Fixer

HOA Y/N No

Year Built 1920

Annual Tax Amount $1,200

Tax Year 2025

Lot Size 5,519 Sqft

Acres 0.1267

Property Sub-Type Duplex

Stories Three Or More

Story Three Or More

Property Description

716 E 160th St | Multi-Family Investment OpportunityThe Bones You Want, The Upside You Need. Attention savvy investors and portfolio builders: this solid brick multi-family on E 160th St is a rare "diamond in the rough" located in a quiet, stable pocket of South Collinwood. Built in 1920, this property features the heavy-duty construction typical of the era, including a proven solid foundation and a classic brick exterior that minimizes long-term maintenance. The Opportunity: Duplex to Triplex PotentialWhile currently configured as a spacious duplex, the property's layout offers a unique path to higher yields:Unit 1 & 2: Classic 2-bedroom layouts with generous living spaces and traditional Cleveland charm.The Third Floor: A finished 3rd-floor attic space with a kitchen and bath—previously used by the owner—provides the potential for a legal 3-unit conversion (buyer to verify local zoning/egress requirements).The Work: The property requires a full interior renovation (electrical, cosmetic, and mechanical updates) but provides a "blank canvas" for a high-end rental or a premium Section 8 placement.Financial Snapshot & LocationRental Market: Average rents for 2-bedroom units in South Collinwood are trending toward $850–$1,000+ following renovation. A triplex configuration could easily push gross monthly income toward $2,500+.Structure: Detached 2-car garage, brick construction, and enclosed rear porches. Neighborhood: Located in a "Silent Zone" with minimal noise. Pride of ownership is evident on the street, making it an attractive choice for long-term tenants. Investor Note: Cleveland has emerged as a top 2026 market for cash-flow investors. With low acquisition costs and high rental demand, this property is priced to allow for a significant renovation budget while still hitting double-digit cap rate targets.

Location

State OH

County Cuyahoga

Interior

Heating Gas, Hot Water, Steam

Cooling None

Fireplace No

Exterior

Parking Features Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Construction Status Fixer

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 116-14-062

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Jeffrey Schultheis • I Heart Real Estate, LLC. • 800-259-7670, cstevens@iheartreal.estate

NEARBY SCHOOL & BUSINESS

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Lyndsay Maynard

Lyndsay Maynard

Broker Associate, Owner, Agent | OH & WV | License ID: SAL.2019000181, WVS200301118

+1(740) 359-1913

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