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Property Description
Investors, here's your chance to own a fully updated, cashflowing Section 8 property with strong upside potential. This 3-bedroom, 1-bath home also features a bonus room on the first floor that can easily be converted into a fourth bedroom to further boost rental income. Currently, the property is generating $1,150 per month with CMHA paying 100% of the rent, and it's eligible for a rent increase to $1,400-$1,600 per month with the proper adjustment request. The home is lead certified and has undergone significant updates, including a new furnace (2018), hot water tank (2018), electrical (2018), plumbing (2018), updated bathroom (2018), updated kitchen (2018), new flooring (2018), and a roof (2020), windows (2018), ext./int. paint (2018). With all major systems recently updated, this property is truly turnkey-offering minimal maintenance, immediate cash flow, and the security of guaranteed rent in a high-demand rental area. Don't miss out! Reach out to listing agent for walkthrough videos.
Full Property Details
Full Property Details for 749 E 131st St
General
- Sold For: $70,000
- Taxes: $662 (2024)
- Status: Closed
- Type: Single Family
- Source: 505
- MLS ID: 5147658
- Added to Site: 92 day(s) ago
Interior
- Number of Rooms: 6
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Parking
- Parking Features: Concrete
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Elworthy-Helwick Companys Frs
- Driving Directions: Off of Eddy Rd.
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Colonial
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt, Fiberglass
- Square Feet: 1,014
- Living Area: 1,014 Sq. Ft.
- Finished Above Grnd: 1,014 Sq. Ft.
- Year Built: 1916
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.062
- Lot Size: .062
- Lot Size Source: Public Records
Financial Considerations
- Tax Amount: $662.6
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 373 FOR HI PK S/L 287 NP 0286 SP
- Property ID: 110-15-052
Listed and Sold by Lokal Real Estate, LLC., Gabriel Newberry
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Schools
Schools serving 749 E 131st St
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Stephanie Tubbs Jones 11901 Durant Avenue, Cleveland, OH 44108 | PK-8 | 0.6 mi |
Glenville High School 650 East 113th Street, Cleveland, OH 44108 | 9-12 | 0.8 mi |
Franklin D. Roosevelt 800 Linn Drive, Cleveland, OH 44108 | PK-8 | 1 mi |
Mary M Bethune 11815 Moulton Avenue, Cleveland, OH 44106 | PK-8 | 1.3 mi |
East Clark 885 East 146th Street, Cleveland, OH 44110 | PK-8 | 1.4 mi |
Collinwood High School 15210 Saint Clair Avenue, Cleveland, OH 44110 | 9-12 | 1.5 mi |
Willson School 1122 Ansel Rd, Cleveland, OH 44108 | PK-8 | 2.1 mi |
Daniel E Morgan School 8912 Morris Court, Cleveland, OH 44106 | PK-8 | 2.2 mi |
Euclid Park Elementary School 17914 Euclid Avenue, Cleveland, OH 44112 | PK-8 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 749 E 131st St
Date
Details
Price
Change
Source
9/23/2025
Sold
$70,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
749 E 131st Street, Loveland, OH 44108 (MLS# 5147658) is a Single Family property that was sold at $70,000 on September 23, 2025. Want to learn more about 749 E 131st Street? Do you have questions about finding other Single Family real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

