USAOHCleveland HeightsPark Hill1509 Maple Rd

New

$200,000

For Sale

7 hours ago

1509 Maple Rd, Cleveland Heights, OH

Name: 1509 Maple Rd, For Sale in Cleveland Heights - eXp Realty
Brand: Russell Real Estate Services
SKU: 5224632
Price: 200000 USD

House

MLS® 5224632

4 Bed

2 Bath

1876 sqft

1 Parking

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 1876 sqft

Garage Yes

Taxes $4,396

Days Active 0

Lot Size 0.1833 Acres

Approx. Age 1925

Avg. Price Per Sqft $106

MLS® Number 5224632

Property Address: 1509 Maple Rd, Cleveland Heights, OH, 44121-1729

Average square foot calculated using Size range provided by listing agent.

Description

Priced at $200, 000/ house part of a turnkey 16-property single-family rental portfolio across highly desirable Cleveland East suburbs including South Euclid, Cleveland Heights, Lyndhurst, Mayfield Heights, and Cleveland. Offered as a package at $3, 200, 000. This stabilized portfolio includes 16 individual single-family homes with established rental history, strong tenant demand, and immediate cash flow from day one. Current rent roll reflects approximately $33, 685/month in scheduled rental income ($404, 220 annually). Based on provided income and property taxes, the portfolio produces approximately $344, 121 NOI, representing an attractive 10.75% cap rate at the asking price (buyer to verify all expenses and financials). Many properties feature updates, desirable layouts, and tenant-friendly amenities including updated finishes, and central air at many locations. These homes are strategically located near major employment centers, shopping, dining, parks, schools and transportation, making them ideal long-term rental assets. Portfolio Highlights: • 16 Single-Family Rental Homes • $33, 685/month rental income • $404, 220 gross annual income • Approx. 10.75% cap rate based on provided rent roll • Stabilized tenant base • Renovated and income-producing assets • Strong Cleveland suburban rental markets • Excellent opportunity for investors seeking scale and diversification Included properties: 6601 Ridgeview Rd Mayfield Heights; 4011 Lancaster Rd South Euclid; 7220 Deveny Ave Cleveland; 1171 Quilliams Rd Cleveland Hts; 956 Nobleshire Rd Cleveland Hts; 857 Quarry Dr Cleveland Hts; 4033 Stonehaven Rd South Euclid; 4241 Verona Rd South Euclid; 1513 Westdale Rd South Euclid; 4187 Stilmore Rd South Euclid; 4218 Stilmore Rd South Euclid; 4198 Eastway Rd South Euclid; 1799 Wrenford Rd South Euclid; 4349 Ardmore Rd South Euclid; 4847 Farnhurst Rd Lyndhurst; 1509 Maple Rd Cleveland Hts. Call today for additional details!

MLS® Number5224632

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1925

BasementUnfinished

DrivewayAttached, Garage, Paved

Garage Spaces

HeatGas, Hot Water, Steam

A/CCeiling Fans, None

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 3, 2026List Date

$200,000List Price

Oct 28, 2025End Date

$130,000Sold Price

Sold

Jun 13, 2025List Date

$139,900List Price

Home Appraisal

This property is estimated to sell between: $194,000 and $203,000.

Similar properties in this area sold on average for: $194,606

Expected to sell in 48 days. Similar properties sold in 48 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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