1331 E 88th Street, Cleveland, OH 44106
Local realty services provided by:CENTURY 21 Transcendent Realty
Listed by: athena t nimmer, jermaine n brooks
Office: keller williams greater metropolitan
MLS#:5184647
Source:OH_NORMLS
Price summary
- Price:$118,000
- Price per sq. ft.:$67.12
About this home
Need a good bang for you buck? Look no further than 1331 E 88th! Located in the upcoming Hough neighborhood, this spacious 5bd/2.5ba property with 1,750+ sq ft, is ideal for group home, shared housing, or long-term rental use. Currently tenant (month to month) occupied at $1,200/month with tenant paying all utilities. Property meets 1% rent rule and can easily exceed with market rents projected at $1,800–$2,200 (CMHA $2599). Vinyl windows and mechanicals installed in 2022 and fresh paint and carpet in 2025. 8% cap rate makes this an easy win! Great opportunity for investors seeking cash flow with appreciation potential. Perfect home for large families and pet owners as a large fenced in backyard completes the exterior. Close to bus lines and public transit. Less than 5 minutes from University Circle, Cleveland Clinic, UH, and CWRU and 12 mins to Downtown. Call for a private tour today before this turnkey opportunity is gone!
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Home facts
- Year built:1970
- Listing ID #:5184647
- Added:52 day(s) ago
- Updated:March 27, 2026 at 07:25 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Rooms Total:9
- Basement:Yes
- Basement Description:Unfinished
- Living area:1,758 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1970
- Building area:1,758 sq. ft.
- Lot area:0.1 Acres
- Architectural Style:Colonial
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$118,000
- Price per sq. ft.:$67.12
- Tax amount:$1,826 (2025)
Parking
- Parking description:Driveway
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