Cleveland Homes under $250,000

Cleveland Homes under $250,000

Welcome to Cleveland, Ohio – a vibrant city rich in history, culture, and opportunity! Nestled in Cuyahoga County along the shores of Lake Erie, Cleveland is a dynamic urban hub known for its diverse neighborhoods, thriving arts scene, and passionate sports culture. Whether you’re a first-time homebuyer, an investor, or looking to relocate, Cleveland offers an array of charming homes under $250,000 that cater to various lifestyles and preferences.

Cleveland’s neighborhoods each have their unique character, from the bustling streets of Ohio City, known for its trendy restaurants and breweries, to the historic charm of Tremont, where Victorian homes line the streets. For those seeking family-friendly communities, the suburbs like Parma and Lakewood provide excellent schools and parks, making them ideal for raising children.

The real estate market in Cleveland is particularly appealing for those on a budget. With homes available under $250,000, you can find spacious single-family homes, cozy bungalows, and even modern condos that fit your needs without breaking the bank. Many of these properties boast beautiful architectural details, updated amenities, and access to local parks and recreational activities.

Cleveland is also home to a wealth of cultural attractions, including the Rock and Roll Hall of Fame, the Cleveland Museum of Art, and the bustling West Side Market. With a growing job market and an affordable cost of living, it’s no wonder that more people are choosing to call Cleveland home. Explore your options today and discover the perfect place to create lasting memories in this remarkable city!

Newest Cleveland Homes under $250,000

3266 E 123rd Street, Cleveland
$120,000
4 Beds ⋅ 2 Baths ⋅ 5250369 MLS
Calling all investors and future owner-occupants! Whether you're looking to add an income-producing property to your portfolio or take advantage of an incredible house-hacking opportunity, this well-maintained Cleveland duplex offers flexibility, value, and immediate rental income. Currently generating $1,700 per month in total rent, paired with attractively low property taxes, this is an opportunity worth a closer look. Each unit offers 2 bedrooms and 1 full bath, spacious living areas, beautiful hardwood flooring, and its own enclosed porch and rear porches, providing additional usable space and privacy. The lower unit has been refreshed with fresh paint and a recently renovated bathroom, while multiple entrances throughout the property add convenience for both occupants. Major improvements make this property even more appealing, including two BRAND NEW furnaces and hot water tanks for both unit, providing peace of mind for the next owner. The basement provides shared laundry and additional storage, while the detached 2-car garage offers even more storage. The attic is also unfinished, which provides great opportunity to create an additional space! Outside, a nice backyard provides additional space to enjoy. Located in Cleveland's Mount Pleasant neighborhood, the property offers convenient access to major roadways, shopping, everyday amenities and nearby green space. With two separate units, existing rental income, low taxes and significant mechanical updates already completed, 3266 E 123rd Street is an ideal opportunity for a first-time investor, seasoned portfolio owner, or buyer looking to live in one unit while the other helps offset their housing expenses. Well maintained and ready for its next owner!

3266 E 123rd Street, Cleveland

Listing Courtesy of: Katie McNeill, katie@thekatiemcneillteam.com With Platinum Real Estate

5838 Portage Avenue, Cleveland
$67,500
2 Beds ⋅ 1 Baths ⋅ 5250328 MLS
Brand new roof, rental registration and lead certificate available!!! Don’t miss this excellent opportunity to own a newly remodeled single-family home in Cleveland’s North Broadway neighborhood. Whether you’re looking to expand your rental portfolio or purchase an affordable home with future growth potential, this property checks all the boxes. Featuring 2 bedrooms and 1 full bathroom, this home offers convenient one-floor living with an upstairs bedroom and extra attic space for storage. The basement provides even more storage options and includes a dedicated laundry area with washer and dryer hookups. The home comes equipped with a stove and refrigerator, making it move-in or rent-ready from day one. Previously tenant-occupied with a Section 8 voucher tenant paying $1,000 per month, this property presents a proven income-producing history and strong investment potential. What truly sets this property apart are the two adjacent vacant lots, which may be eligible for purchase through the City of Cleveland’s Side Yard Program for approximately $200 each, allowing you to significantly expand your yard, increase privacy, or enhance future value. Located near major highways, shopping, parks, and downtown Cleveland amenities, this affordable investment offers immediate upside with room to grow. Schedule with me!

5838 Portage Avenue, Cleveland

Listing Courtesy of: Paula Zampallo Ramirez, realtrp.sells@gmail.com With EXP Realty, LLC.

3362 E 146th Street, Cleveland
$115,000
3 Beds ⋅ 2 Baths ⋅ 5250237 MLS
Calling all investors! This turnkey, income-producing Cleveland property is ready to start working for you from day one. Already lead certified with a tenant in place paying $1,490 per month, 3266 E 146th Street offers an excellent opportunity to add an occupied, cash-flowing property to your portfolio without the upfront work of preparing a home or securing a tenant. Inside, this 3-bedroom, 1.5-bath and nearly 1200 sq ft home has been refreshed with newer paint and flooring throughout. Two bedrooms and a full bathroom are on the main floor, while a spacious master bedroom is upstairs with a massive closet area! The functional floor plan offers comfortable living space, while the basement provides valuable additional storage, laundry and everyday convenience. Outside, enjoy a manageable yard along with a detached 2-car garage, a valuable feature that adds additional parking and storage. The property is centrally located on Cleveland's east side with convenient access to major roadways, shopping, everyday amenities and neighborhood recreation. Whether you're looking to purchase your first rental or add another door to an established portfolio, the hard work has already been done. Tenant occupied, lead certified, updated, low taxes and generating $1,490 per month—this is the type of straightforward investment opportunity investors are looking for. Add it to your portfolio and start collecting income from day one or option for owner occupied may be available!

3362 E 146th Street, Cleveland

Listing Courtesy of: Katie McNeill, katie@thekatiemcneillteam.com With Platinum Real Estate

13113 Saint James Avenue, Cleveland
$160,000
2 Beds ⋅ 2 Baths ⋅ 5249752 MLS
Small house. Big life. The square footage just happens to be outside. Picture the moment. Keys in hand, the landlord's number deleted, and a front door that finally answers to you. Welcome to 13113 St James. Inside, 730 square feet of cozy, easy living. The kind of home that cleans up before the coffee's done brewing and heats up without heating up your budget. Every room earns its keep... no wasted hallways, no formal spaces you'd visit twice a year, just a comfortable place to land at the end of the day. Add your furniture, your art, your questionable throw pillow collection, and it feels like yours fast. Now step out back, because this is where the house starts showing off. The lot is oversized. Not "a little extra grass" oversized... genuinely, room-to-breathe oversized. Space for a garden that actually produces something. A fire pit for fall nights. A dog with room to run, a summer cookout with room for the whole crew, or simply a lawn big enough that mowing counts as cardio. And then there's the garage. Big. Surprisingly big. Big enough for the car and then some... a workshop, a home gym, a project car, or finally reuniting with everything you've been paying a storage unit to babysit. For some buyers, it'll be the reason they book the showing. For everyone else, it's the answer to "where do we put all this stuff?" before anyone even asks. Here's the smart part. Most homes at this price ask you to choose: the house, the yard, or the storage. This one gives you all three. The space just went where it works hardest... outside, where you'll actually use it. Rent pays someone else's mortgage. This pays you back in equity, elbow room, and Saturday mornings that belong to you. Small house. Big yard. Bigger garage. Zero regrets. Come see 13113 St James. Bring your imagination... and maybe a tape measure.

13113 Saint James Avenue, Cleveland

Listing Courtesy of: Jason M Baran, jason.baran@kw.com With Keller Williams Greater Metropolitan

2897 E 111th Street, Cleveland
$115,000
4 Beds ⋅ 2 Baths ⋅ 5250126 MLS
Investor Opportunity – Cleveland Duplex with Value-Add Potential! Bring your vision to 2897 E. 111th St., a two-family property offering two separate units, each featuring 2 bedrooms and 1 full bathroom. Whether you're looking to renovate and hold as a rental or add another multifamily property to your portfolio, this duplex offers plenty of potential. Some improvements have already been started, including newer electrical panel boxes, one newer furnace, and one newer hot water tank. The property does have known electrical issues and will require additional electrical work, giving the next owner the opportunity to complete the improvements and maximize the property's potential. Conveniently located on Cleveland's east side with access to major employment, medical, and educational hubs, including the Cleveland Clinic and University Circle area. The nearby Opportunity Corridor provides improved connectivity between the east side, I-490, and University Circle, an area that continues to see public and private investment and redevelopment. With two rentable units and an affordable entry point into Cleveland's multifamily market, this could be an excellent opportunity for an investor looking for a renovation project with future income-producing potential. Property is being sold in its current condition. Buyer to perform their own due diligence regarding property condition, electrical system, repairs, rental potential, and projected income.

2897 E 111th Street, Cleveland

Listing Courtesy of: Feliz A Colon, felizcolon@kw.com With Keller Williams Living

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