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About This Home

This 8-bedroom, 3-bathroom residential multi family at 1161 Norwood Road in Cleveland, OH is listed for $179,000 ($49 per sqft). Built in 1895, the home offers 3,672 sqft of living space on a 0.11 acres lot.

Agent Description

Turnkey Cash-Flowing Investment - Section 8 Ready - Up to $3,500/Month Potential! Fantastic investment or owner-occupant opportunity in Cleveland's growing 44103 neighborhood! This well-maintained multi-unit property at 1161 Norwood Rd is Section 8 ready and positioned to generate up to $3,000/month in rental income, making it an ideal addition to any portfolio or a perfect house-hack opportunity.

Major updates have already been completed, allowing for immediate rental potential with minimal upfront investment. Recent improvements include new flooring, fresh paint, and appliances in every unit, along with a washer and dryer hookup in the rear unit for added tenant convenience.

Big-ticket mechanical updates provide peace of mind with two new hot water tanks and a newer furnace, while exterior upgrades such as new gutters, a recently replaced garage roof, and updated porch columns and banisters enhance both curb appeal and long-term durability.

Located just minutes from downtown Cleveland, hospitals, universities, and major highways, this property offers strong rental demand and long-term appreciation potential. Whether you're a seasoned investor looking for cash flow or a buyer seeking to live in one unit while renting the others, this property delivers immediate income with upside potential. Turnkey. Cash-flowing. Section 8 ready. Don't miss this opportunity!

Key Features

  • Built in 1895
  • 0.11 acre lot
  • 2 stories

Property Details

2 stories
3 full
1895

Monthly Cost Estimate

$957/mo

20% down · 6.5% · 30 years

Principal$129
Interest$776
Insurance$52

Estimates only. Actual payments may vary.

Location

1161 Norwood Road

Cleveland, OH 44103

Kilfoyl

Property Details

Construction

AluminumSiding VinylSiding

Parking

Driveway

Heating

Other (Heating)

Questions & Answers

This 8-bedroom, 3-bathroom residential multi family at 1161 Norwood Road is listed at $179,000 ($49/sqft). The estimated monthly payment is $776 based on 20% down at 6.5% interest.

Key features include: Built in 1895, 0.11 acre lot, 2 stories.

This property is listed by Janet Hayward and can be reached at 2166478204 or janet.hayward@kw.com.

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JH

Janet Hayward

Agent at Keller Williams Greater Metropolitan

(216) 647-8204

Listed by Keller Williams Greater Metropolitan

MLS# 5185442· Source: listhub· Updated 64 days ago

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1161 Norwood Road, Cleveland, OH 44103

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