Property Description

A great opportunity for this 3 bedroom, 1.5 bath home featuring a practical, functional layout that appeals to both owner occupants and investors. The property has a potential $2113 per month rent according to the CMHA determination, for a possible $25,000 in gross annual rents. Its prime location near Downtown Cleveland, University Circle, major hospitals, and key amenities offer excellent rental potential and long term upside in an area experiencing steady growth and redevelopment. The updated kitchen includes granite countertops and stainless steel appliances, complemented by newer vinyl windows throughout. The main level offers a convenient half bathroom and a flexible room that could be converted into an additional bedroom. Upstairs, three generously sized bedrooms and a renovated bathroom provide comfortable living space for families or tenants. Situated within the ongoing revitalization of the Wade Park area, offering easy access to parks, cultural institutions, and transportation.

1516 E 86th Street | MLS# 5207415

This single family home located at 1516 E 86th Street, Cleveland, OH 44106 is currently listed for sale with an asking price of $125,000. This property was built in 1900 and has 3 bedrooms and 1 full and 1 partial baths with 1637 sq. ft. E 86th Street is located in the Wade Park subdivision within the Cleveland Municipal - 1809 school district. Search Wade Park real estate on 1009fairoaksavenuesw.cutlerhomes.com today.

Property Features

Property Type: Residential - Single Family

Basement: Yes

Basement: Concrete

Cooling: None

Days on Market: 8

Fireplaces: 1

Heating: Forced Air

Home Style: Colonial

Lot Size: 0.10 Acres

Roof Type: Asphalt, Shingle

Stories: 2.0

Taxes: $850 / year

Year Built: 1900

Amenities

Granite Counters

Feature Descriptions

Appliances: Dishwasher, Range, Refrigerator

Exterior: Wood Siding

Fencing: Back Yard

Laundry: Washer Hookup, Electric Dryer Hookup

Parcel#: 106-22-018

Parking: Asphalt

Patio/Porch: Rear Porch, Porch

Sewer: Public Sewer

Water: Public

Window: Double Pane Windows

Local Schools

School District: Cleveland Municipal - 1809

Market Trends

Cuyahoga County Residential Market Trend Graphs

Zip Code 44106

Source: Delta Media Group, Inc.

Demographics

Cuyahoga County Demographic Information for 1516 E 86th Street, Cleveland, OH 44106

Fips

Fips Code 39035

Population

2020 to 2025 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2025 Estimate (V2025) 1,232,925

2020 Estimate (V2025) 1,264,775

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.1%

18 to 64 54.2%

65 and Older 20.5%

Gender

Male 48.0%

Female 52.0%

Place of Birth

Foreign 7.7%

US 92.3%

Education

High School Graduate, Age 25+ 91.5%

Bachelor's Degree or Higher, Age 25+ 36.5%

Computer and Internet use

Households with a computer 94.0%

Households with a broadband Internet subscription 89.5%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 54,264

Income

Per Capita Income $42,747

Median Household Income $64,468

People in Poverty 14.9%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 554,551

Average Household Size 2.20

Owner-Occupied 59.4%

Multi-Family 34.9%

Owner-Occupied Median Value $195,400

Median selected monthly owner costs -with a mortgage $1,570

Median selected monthly owner costs -without a mortgage $671

Median gross rent $1,060

Building Permits

New Private Housing Issued 2024 1,685

Years at Residence

1 Year or More 86.7%

Less Than 1 Year 13.3%

Business and Employment

Private non-farm Establishments 31,496

Private non-farm Employment 681,543

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 110,977

Number of Firms 23,160

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 749.26 per month $641.96 Principal & Interest $70.83 Property Tax $36.46 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/22/2026. The listing information on this page last changed on 05/22/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 05/22/2026 3:45:29 AM EST) or Dayton MLS (last updated Thu 05/21/2026 11:46:51 PM EST) or CBRMLS (last updated Fri 05/22/2026 12:44:51 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Thu 05/21/2026 11:53:37 PM EST) or NKY MLS (last updated Thu 05/21/2026 11:28:34 PM EST) or Wrist MLS (last updated Thu 05/21/2026 11:24:28 PM EST) or Firelands MLS (last updated Thu 05/21/2026 11:11:39 PM EST) or MLS NOW (last updated Fri 05/22/2026 12:17:42 AM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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1516 E 86th StreetCleveland, OH 44106