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3 Beds
1 Bath
1,120 sqft

$115,000

12344 Ashbury Avenue, Cleveland OH, 44106

Price per sqft$102.68
Built in1900
Property size1,120 sqft
Property typeResidential

Overview

Active

Listed Oct 2, 2026

Updated 9 days ago

Attention investors! Positioned in a highly desirable Cleveland location near University Circle and Little Italy, this 3 bedroom, 1 bath Colonial offers investors an opportunity to add a solid rental property to their portfolio. The property features a functional layout with three bedrooms, providing strong appeal to long term tenants in an area supported by major institutions, employment centers, dining, shopping, entertainment and new development. Fresh paint and new floors throughout. A key investment advantage is the potential rental income. Based on current Section 8 rental guidelines, the property has potential monthly rental income of approximately $2,113 (20% ROI), providing an attractive opportunity for investors seeking strong rental demand and dependable cash flow. With its proximity to University Circle, Little Italy, hospitals, universities, museums, and other major Cleveland amenities, this property offers both location and income potential. Whether you’re expanding an existing portfolio or looking for your next rental acquisition, this Colonial presents an opportunity to capitalize on a desirable rental market with significant tenant demand. Schedule your walkthrough today!

$765/mo

Est. mortgage payment based on a $115,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5247264

Interior Features

Bedrooms
3
Bathrooms
1
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$579
Tax Frequency
Annually

Courtesy of RE/MAX Above & Beyond

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