About This Home

This 8-bedroom, 2-bathroom multi-family at 1550 Belmar Road #2 in East Cleveland, OH is listed for $249,999 ($57 per sqft). Built in 1922, the home offers 4,402 sqft of living space on a 0.13 acres lot.

Key Features

  • Built in 1922
  • 0.13 acre lot
  • 3 stories

Property Details

3 stories
2 full
#2
1922

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

1550 Belmar Road #2

East Cleveland, OH 44118

Rapid Transit Land Cos 07

Property Details

Construction

Frame

Parking

Driveway

Heating

Forced Air

Cooling

Central Air

Appliances

RangeRefrigeratorWasher

Questions & Answers

This 8-bedroom, 2-bathroom multi-family at 1550 Belmar Road is listed at $249,999 ($57/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1922, 0.13 acre lot, 3 stories.

This property is listed by Erin Thomas.

ET

Erin Thomas

License 2019005940

Agent at KW Living

Listed by KW Living · Broker phone: (440) 318-1620 · View on Broker Site

MLS# 5252078· Source: MLS Now· 18 days on PropertySimple

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1550 Belmar Road #2, East Cleveland, OH 44118

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