USAOHClevelandCrosbys Allotment716 E 160Th St

New

$89,999

For Sale

3 hours ago

716 E 160Th St, Cleveland, OH

Name: 716 E 160Th St, For Sale in Cleveland - eXp Realty
Brand: I Heart Real Estate, LLC.
SKU: 5205115
Price: 89999 USD

House

MLS® 5205115

4 Bed

2 Bath

2 Parking

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage Yes

Taxes $1,200

Days Active 0

Lot Size

Approx. Age 1920

MLS® Number 5205115

Property Address: 716 E 160th St, Cleveland, OH, 44110-2420

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

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.

MLS® Number5205115

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1920

Basement

DrivewayDetached, Garage

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 28, 2026List Date

$89,999List Price

Home Appraisal

This property is estimated to sell between: $88,000 and $91,000.

Similar properties in this area sold on average for: $88,800

Expected to sell in 23 days. Similar properties sold in 23 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.

Commute

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Starting Address

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