685 E 131st Street, Cleveland, OH 44108
Penobscot Ave · Cuyahoga County
Key Facts
Description
Investor Alert! Don't miss this turnkey investment opportunity at 685 E. 131st Street, Cleveland, OH 44108. This updated 3-bedroom, 1-bath home offers approximately 1,205 square feet of living space and is positioned in a strong rental market with consistent demand. What makes this opportunity stand out? The seller is willing to place a Section 8 tenant prior to closing, providing the potential for immediate cash flow and a streamlined path to rental income from day one. Whether you're a seasoned investor looking to expand your portfolio or a first-time investor seeking a performing asset, this property checks all the boxes. Recent updates, strong rental potential, and the opportunity for guaranteed rental income make this a compelling addition to any investment strategy. Opportunities like this don't last long—schedule your showing today and secure your next cash-flowing asset before it's gone!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Colonial
Year Built
1918
Living Area
1,205 sq ft
Lot Size
0.12 acres
Garage Spaces
2
Days on Market
14
MLS® Listing#
5218528
Property Features
Cooling
Heating
Basement
Parking
Construction
Roof
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$1,150
Tax year 2025
Parcel Number
110-09-006
Directions
90W exit 178 for Eddy Dr to 131st
Affordability Calculator
$20,000
Estimated monthly payment
$532/mo
Principal $80,000 · Est. interest $111,607 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cleveland, OH
- 51
- Median Days on Market
- 1,829
- Median Sq Ft
- $98
- Median Price / Sq Ft
- 1,399
- Active Listings
- Its price per sq ft is 15% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cleveland, OH.
Location
Points of Interest in Cleveland, OH
Showing the Cleveland area map.
Nearby Schools
Citizens Academy East
School · 0.3 mi away
Mayfair Elementary School
Elementary · 0.4 mi away
Chambers Elementary School
Elementary · 0.5 mi away
Iowa Maple Elementary School
Elementary · 0.6 mi away
Kenneth W Clement
Elementary · 0.7 mi away
Patrick Henry School
School · 0.7 mi away
Stephanie Tubbs Jones School
Elementary · 0.7 mi away
George L Forbes Early Learning Ctr
School · 0.7 mi away
Glenville High School
Secondary · 0.8 mi away
Shaw High School
Secondary · 0.9 mi away
St. Aloysius Catholic School
School · 0.9 mi away
Prospect Elementary School
Secondary · 0.9 mi away
Patrick Henry Junior High School
Secondary · 1.0 mi away
Heritage Middle School
Secondary · 1.0 mi away
Franklin D Roosevelt Academy
Elementary · 1.0 mi away
Saint Josephs School
School · 1.1 mi away
Lake Erie College Preparatory School
Primary School · 1.1 mi away
Clever Bee Academy
School · 1.1 mi away
East Cleveland City Schools
Elementary · 1.2 mi away
Apex Academy
School · 1.3 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 |
|---|---|---|---|---|
| 540 E 123rd Street, Cleveland, OH | $70,000 | 4 | 2 | 1,630 |
| 3632 E 154th Street, Cleveland, OH | $70,000 | 3 | 1 | 1,300 |
| 4302 E 131st Street, Cleveland, OH | $70,000 | 3 | 1 | — |
| 14720 Coit Road, Cleveland, OH | $70,000 | 4 | 2 | 2,032 |
| 10402 Dove Avenue, Cleveland, OH | $70,000 | 3 | 1 | — |
| 3921 Poe Avenue, Cleveland, OH | $70,000 | 3 | 1 | 1,162 |
Moving Cost Estimate
EXIT Agents in Cleveland
Listing Courtesy: Keller Williams Greater Metropolitan - alexysjones@kw.com, 440-694-5551
Last Updated: 2026-06-12