Property Description

Excellent investment opportunity! Fully rented duplex generating immediate rental income. Both units are tenant occupied, offering spacious floor plans and strong long-term rental potential. Convenient location near major commuter routes, shopping, restaurants, and everyday amenities. Ideal addition to an investment portfolio or owner-occupant opportunity in the future. Tenant rights apply; please do not disturb occupants. Showings will be limited to approved access times or after accepted offer.

16308 Nela View Road | MLS# 5209133

This multi-family property located at 16308 Nela View Road, Cleveland, OH 44112 is currently listed for sale with an asking price of $160,000. Nela View Road is located within the East Cleveland City school district. Search Cleveland real estate on 1009fairoaksavenuesw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Full, Interior Entry, Unfinished

Basement: Yes

Cooling: None

Days on Market: 8

Garage: 2

Heating: Forced Air

Lot Size: 0.10 Acres

Roof Type: Asphalt, Fiberglass

Stories: 3.0

Taxes: $1,341 / year

Year Built: 1920

Feature Descriptions

Exterior: Wood Siding

Parcel#: 673-17-042

Parking: Detached, Garage

Sewer: Public Sewer

Water: Public

Local Schools

School District: East Cleveland City

Demographics

Cuyahoga County Demographic Information for 16308 Nela View Road, Cleveland, OH 44112

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

$ 980.13 per month $821.72 Principal & Interest $111.75 Property Tax $46.67 Homeowner's Insurance

Change Payment Information

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16308 Nela View RoadCleveland, OH 44112