4198 Eastway Road, South Euclid, OH 44121
Ceder Centre Sub · Cuyahoga County
Key Facts
Description
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!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Bungalow
Year Built
1950
Living Area
1,594 sq ft
Lot Size
0.18 acres
Lot Dimensions
50x155
Garage Spaces
1
MLS® Listing#
5224618
Property Features
Cooling
Heating
Parking
Construction
Foundation
Roof
Sewer
Water Source
Rooms
- 13 x 12First
- Bedroom11 x 8First
- Bedroom10 x 8Second
- Bedroom20 x 10Second
- Family Room18 x 10First
- Kitchen12 x 8First
- Living Room20 x 13First
Financial Details
HOA
None
Annual Taxes
$4,471
Tax year 2025
Parcel Number
704-21-006
Directions
See list of portfolio list of addresses
Affordability Calculator
$40,000
Estimated monthly payment
$1,064/mo
Principal $160,000 · Est. interest $223,214 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in South Euclid, OH
- 26
- Median Days on Market
- 1,567
- Median Sq Ft
- $112
- Median Price / Sq Ft
- 158
- Active Listings
- Its price per sq ft is 12% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in South Euclid, OH.
Location
Points of Interest in South Euclid, OH
Showing the South Euclid area map.
Nearby Schools
Heights Schools Foundation
Secondary · 0.3 mi away
Frank L Wiley Middle School
Elementary · 0.3 mi away
Rowland Elementary School
Elementary · 0.4 mi away
Love My Hair
School · 0.5 mi away
Gearity Early Childhood Center
School · 0.6 mi away
Gearity Professional Development School
Elementary · 0.6 mi away
Greenview Upper Elementary School
Secondary · 0.8 mi away
Gesu School
School · 0.8 mi away
Jacob Saperstein Mesivta-Boys
School · 0.9 mi away
Sacred Heart of Jesus
School · 1.1 mi away
Lyceum
Elementary · 1.1 mi away
Beatrice J Stone Yavne High
School · 1.1 mi away
St John Lutheran Elementary School
Secondary · 1.1 mi away
St Gregory the Great Elementary School
Elementary · 1.1 mi away
Hilltop Elementary School
Elementary · 1.3 mi away
Canterbury Elementary School
Elementary · 1.4 mi away
The Jewish Education Center of Cleveland
School · 1.4 mi away
Hebrew Academy of Cleveland
School · 1.4 mi away
University School
Secondary School · 1.5 mi away
Mosdos Girls School
School · 1.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4017 Eastway Road, South Euclid, OH | $140,000 | 3 | 2 | 1,524 |
| 27651 Lake Shore Boulevard C4, Euclid, OH | $140,000 | 3 | 3 | 1,408 |
| 19392 Renwood Avenue, Euclid, OH | $140,000 | 3 | 3 | — |
| 1765 E 238th Street, Euclid, OH | $140,900 | 4 | 1 | — |
| 811 E 212th Street, Euclid, OH | $142,000 | 3 | 1 | — |
| 1401 E 219th Street, Euclid, OH | $145,000 | 3 | 1 | 868 |
Moving Cost Estimate
EXIT Agents in South Euclid
Listing Courtesy: Russell Real Estate Services - jessek.cst@gmail.com, 440-212-5656
Last Updated: 2026-07-03