4198 Eastway Road, South Euclid, OH 44121
Local realty services provided by:CENTURY 21 Bolte Real Estate
4198 Eastway Road,South Euclid, OH 44121
$200,000
- 4 Beds
- 2 Baths
- 1,594 sq. ft.
- Single family
- Active
Listed by: jesse r kracht
Office: russell real estate services
MLS#:5224618
Source:OH_NORMLS
Price summary
- Price:$200,000
- Price per sq. ft.:$125.47
About this home
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!...
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Home facts
- Year built:1950
- Subdivision & Development:Ceder Centre Sub
- Listing ID #:5224618
- Added:112 day(s) ago
- Updated:October 24, 2026 at 02:17 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:7
- Living area:1,594 sq. ft.
Heating and cooling
- Heating:Baseboard, Gas
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1950
- Building area:1,594 sq. ft.
- Lot area:0.18 Acres
- Architectural Style:Bungalow
- Construction Materials:Aluminium Siding
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$200,000
- Price per sq. ft.:$125.47
- Tax amount:$4,471 (2025)
Parking
- Parking description:Detached, Garage, Paved
- Garage:Yes
- Garage spaces:1
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