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    987 E 78Th St Cleveland, OH 44103

    For Sale
    $89,500

    MULTI_FAMILY - Cleveland, OH

    Property size:
    1,792 SF
    Lot size:
    0.15 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 8 at 1:06 am

    Property Features for 987 E 78Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Laundry Room, Basement, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 2
    Bedrooms
    6
    Bathrooms
    2
    APN
    105-30-052
    Parking features
    On Street
    Exterior features
    Awnings
    Fencing
    Fenced
    Size
    1,792 SF
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Building materials
    ShakeSiding
    Roof type
    Asphalt, Fiberglass

    Vincent Patrick Realty (330) 577-3546 [email protected]

    Listing agent Lauren Patrick (330) 577-3546 License #2019004431

    Listing date Nov 19, 2025

    MLS# 5169937 Listing URL

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High Cash Flow Rental Property

    This property presents an investment opportunity with a high cash flow. Currently operating with six rented bedrooms, the property generates approximately $3,000 per month in rental income, with each bedroom rented at $125 per week. The property is suitable for investors seeking immediate returns, offering steady occupancy and flexible potential for future use. The property is located conveniently near local amenities, providing tenants with comfortable living spaces and shared access to common areas. The property size is 1792 square feet, situated on a lot of 0.146 acres in Cleveland, OH. New owners can benefit from a proven income stream from day one, with reliable weekly rents already in place. This property is designed for consistent performance, offering a chance to expand an investment portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.634371
    Latitude
    41.528127

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    FAQs

    What type of property is this?
    Residential income property - Income-producing property with six rented bedrooms, generating $3,000/month.
    Where is this residential income property located?
    The property is located at 987 E 78Th St Cleveland, OH.
    What is the asking price?
    The asking price for this property is $89,500.
    What are key features of this property?
    This property features: - High Cash Flow: Generates approximately $3,000/month in rental income.; - Immediate Returns: Offers a proven income stream from day one with existing tenants.; - Six Rented Bedrooms: Currently operating with six rented bedrooms at $125/week each.
    (330) 577-3546
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    Cleveland, OH 44103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    987 E 78Th St Cleveland, OH 44103
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