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$275,000
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Property Description
Unlock incredible potential with this multi-family property situated in the highly sought-after Little Italy district. Perfectly positioned for investors, this property is just moments away from the prestigious Case Western Reserve University, University Hospitals, and the world-renowned Cleveland Clinic. This 4-unit value-add property is a diamond in the rough, perfectly positioned for the savvy investor. Tenants will flock to the charm of Murray Hill's cobblestone streets, legendary eateries like Presti's, and easy RTA access. This property is a blank canvas ready for renovation to capture elite market rents. With a constant demand from med students, residents, and professionals, this is a rare chance to build equity and secure high-performing cash flow in a low-vacancy corridor. Property sold as-is. Don't miss your chance to own a piece of Cleveland's most storied neighborhood!
Full Property Details
Full Property Details for 1961 Coltman Rd
General
- Sold For: $275,000
- Taxes: $8,533 (2025)
- Status: Closed
- Type: Multi-Family
- Source: 505
- MLS ID: 5183175
- Added to Site: 47 day(s) ago
Interior
- Appliances: Range
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 6
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Driveway, Garage
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: T Spencer Knights Allotment
- Driving Directions: 2W to exit 177 Martin Luther King Jr Dr, turn left, turn RT, sharp lkeft onto Wade Park Ave. Rt onto E 118th St, Left onto Euclid Ave, RT onto Coltman Rd
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air, None
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Brick, Shingle Siding, Wood Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Flat, Shingle
- Stories/Levels: 2
- Year Built: 1900
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.0918
- Lot Size: .0918
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $8,533.36
- Tax Year: 2025
- Terms: Cash, FHA 203(k)
Disclosures and Reports
- Legal Description: 396 KNIGHT 0069 ALL
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 120-30-050
Listed by Keller Williams Living, Tera Somogyi
Sold by Realty Trust Services, LLC, Zhitao Kuang
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Schools
Schools serving 1961 Coltman Rd
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Mary M Bethune 11815 Moulton Avenue, Cleveland, OH 44106 | PK-8 | 0.8 mi |
Sunbeam 11731 Mount Overlook Avenue, Cleveland, OH 44120 | PK-8 | 1.4 mi |
Bolton 9803 Quebec Avenue, Cleveland, OH 44106 | PK-8 | 1.5 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 10.9 mi |
Cleveland School Of The Arts High School 2064 Stearns Road, Cleveland, OH 44106 | 9-12 | 0.8 mi |
John Hay School Of Science & Medicine 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 0.9 mi |
John Hay School Of Architecture & Design 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 0.9 mi |
Daniel E Morgan School 8912 Morris Court, Cleveland, OH 44106 | PK-8 | 1.5 mi |
Mary B Martin School 8200 Brookline Avenue, Cleveland, OH 44103 | PK-8 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1961 Coltman Rd
Date
Details
Price
Change
Source
3/20/2026
Sold
$275,000
10%
MLS
2/26/2026
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1961 Coltman Road, Loveland, OH 44106 (MLS# 5183175) is a Multi-Family property that was sold at $275,000 on March 20, 2026. Want to learn more about 1961 Coltman Road? Do you have questions about finding other Multi-Family real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

