Cleveland Homes under $500,000

Welcome to Cleveland, Ohio – a vibrant city that beautifully blends rich history with modern living! Nestled in Cuyahoga County, Cleveland is known for its stunning lakefront, diverse neighborhoods, and a thriving arts scene. From the iconic Rock and Roll Hall of Fame to the lush greenery of the Cleveland Metroparks, there’s always something exciting happening in this dynamic city.

Cleveland's real estate market offers an incredible opportunity for homebuyers looking for affordability without compromising on quality. With homes priced under $500,000, you can find charming residences that cater to a variety of lifestyles. Whether you're seeking a cozy bungalow in the historic Tremont neighborhood, a modern condo downtown with breathtaking views of Lake Erie, or a spacious family home in the suburbs, Cleveland has it all.

The city's neighborhoods are rich with character and community spirit, offering something for everyone. Enjoy the vibrant culinary scene, with a plethora of eateries ranging from gourmet restaurants to beloved local diners. Explore the arts district, catch a performance at Playhouse Square, or take a leisurely stroll along the picturesque waterfront.

Cleveland is also committed to growth and development, making it an exciting time to invest in real estate here. With a strong job market, excellent schools, and a welcoming atmosphere, it’s no wonder that more people are choosing to call Cleveland home. Discover the charm of this remarkable city and find your dream home today, all while staying within your budget!

Newest Cleveland Homes under $500,000

$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

$149,900

3 Beds ⋅ 1 Baths ⋅ 5250363 MLS

Welcome home to 14109 Liberty Ave! This well-cared-for Cleveland home offers more space than meets the eye, with comfortable living areas, a finished lower level, a spacious backyard, and an oversized two-car garage. Inside, beautifully maintained original hardwood floors in the living area, hallway, and two main-level bedrooms add warmth and character. The finished basement, completed in 2022, provides even more room to spread out with flexible space for entertaining, a home office, playroom, or additional living area. Outside, you’ll find a spacious backyard and oversized two-car garage with plenty of room for parking, storage, hobbies, and more. Several recent improvements add to the home’s appeal, including a hot water heater less than a year old, brand-new washer and dryer, kitchen appliances less than five years old, fresh exterior paint in 2026, and garage siding and gutters less than five years old. The furnace and A/C were professionally serviced in September 2026 and are in good working condition. With plenty of usable living space, a great backyard, an oversized garage, and several recent improvements already taken care of, 14109 Liberty Ave is ready for its next chapter. Schedule your showing and come see all this home has to offer!

14109 Liberty Avenue, Cleveland

Listing Courtesy of: Jacob L. Hamilton, jacobhamiltonllc@gmail.com With Real of Ohio

$107,000

4 Beds ⋅ 2 Baths ⋅ 5250314 MLS

Turnkey investment opportunity in the heart of Cleveland's St. Clair-Superior neighborhood! This duplex features two spacious units, each offering 2 bedrooms and 1 full bathroom with a classic, functional layout including a living room, dining room, and kitchen. The 2nd floor unit is currently tenant occupied at $950 a month and the first floor is vacant giving you the flexibility to set your own rent or house-hack from day one. The upstairs unit has been recently refreshed with new paint, while the lower unit offers additional updates, including a brand-new bathroom. An unfinished attic presents strong value-add potential with the possibility of converting it into a third unit or additional living space. Situated on a fully cemented backyard for low maintenance and easy upkeep. No driveway, but ample street parking available. Whether you're looking to expand your portfolio or secure your next income-producing asset, this property offers both immediate opportunity and long term upside.

8206 Crumb Avenue, Cleveland

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

$155,900

7 Beds ⋅ 2 Baths ⋅ 5250353 MLS

Large charming colonial home with over 2300 square feet located on a quiet street on the west side of Cleveland. 2 car detached garage. Can be used as a double family home with 2 new furnaces ( 2020), newer front windows ( 2024), 2 new hot water tanks (2024), Newer asphalt roof ( 2023), basement waterproofed ( 2013), and newer updated first floor bathroom ( 2023). 4 bedrooms upstairs on the second floor and a full bathroom on the second floor. 2 bedrooms on the first floor and also a full bath on the first floor of this home. Extremely large and spacious attic. The bones of this home are all solid. However, some of the ceiling and walls of the home will need finished ( cosmetic work only) . Motivated sellers that currently reside in the home and the home is priced very competitively. HOUSE IS BEING SOLD IN AS IS CONDITION. SELLERS WILL NOT PAY FOR ANY IMPROVEMENTS OR REPAIRS OF THE HOUSE AT THIS TIME Call today for a showing.

2161 W 101st Street, Cleveland

Listing Courtesy of: Ben Kravetz, kravetzb@gmail.com With Jack Kohl Realty

$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.

$275,000

4 Beds ⋅ 2 Baths ⋅ 5250315 MLS

Welcome to this classic Cleveland colonial offering major updates! From the moment you arrive, the charming curb appeal sets the stage for a well maintained exterior equipped with a brand new roof installed in 2026. Inside, the heart of the home centers around a fully equipped kitchen complete with solid granite countertops and a complete set of remaining appliances including a refrigerator, gas range, dishwasher, microwave, and built in trash compactor. Seamlessly flowing off the main living space, step through sliding glass doors into an expansive 3 seasons room featuring six sliding doors, perfect for relaxing or entertaining while enjoying views of the yard. Beyond the main living quarters, major mechanical upgrades provide true peace of mind for years to come, including a new hot water tank installed in 2026, air conditioning updated in 2020, and a reliable furnace updated in 2014. Outside, an oversized, wide concrete driveway offers ample parking space leading to an impressive 3 car garage and workshop setup powered by a newly installed Genie garage door opener in 2026. This wonderful home also features 4 bedrooms all located on the second floor. Whether you need extra vehicle storage, space for a home gym, or a dedicated trade workshop, this turnkey property delivers on every level.

396 Skyview Road, Cleveland

Listing Courtesy of: Armando Galvez, armandowithremax@gmail.com With RE/MAX Above & Beyond

$199,900

4 Beds ⋅ 2 Baths ⋅ 5234204 MLS

Attractive, well-maintained turnkey duplex, fully remodeled investment opportunity or owner-occupant opportunity for the first floor unit. Each unit features 2 bedrooms and a full bathroom. The classic character of the home has been retained with attractive finishes. Durable hardwood flooring throughout each unit. New improvements include: one new furnace and a/c (2023), but seller could not recall to which unit and two new HWTs (2023). Strong rental history with immediate cash flow. Up unit tenant is on a lease through mid-summer 2027 at $1300 a month; paying cash. The down unit qualifies for Section 8 or Eden. There is a garage on the property that offers extra income by renting one space to each unit for an additional fee. Property management is in place, if desired. Showings are available for the first floor unit and basement with an additional showing permitted for the UP unit upon an accepted offer, so as not to disturb the current tenant too frequently. Seller will not accept any wholesale assignments to a different buyer prior to closing. NO seller financing. NOTE: You must enter 3735 Berkebile Dr to be taken directly to the property; it is on the corner of W 47th Place and Berkebile.

3735 W 47th Place, Cleveland

Listing Courtesy of: Kim Martorana, KMartSellsHomes@gmail.com With EXP Realty, LLC.

$310,000

4 Beds ⋅ 2 Baths ⋅ 5250312 MLS

Fantastic opportunity in Cleveland’s desirable Ohio City Historic District! This two-family home offers character, charm, and plenty of potential. The first-floor unit features tall ceilings, one bedroom, living room, a beautiful sunroom filled with natural light, and an eat-in kitchen with gas stove, dishwasher, and convenient in-unit stackable washer/dryer. Ample storage throughout! The spacious upper unit offers three bedrooms, living room, dining room, and kitchen. Property will be delivered vacant (current tenant in the process of vacating). An exciting opportunity exists to expand the second-floor living space into the large attic, creating an impressive owner's suite or expanded living area while maintaining rental income below. Additional features include a full walkout basement, one-car block garage, concrete driveway and parking pad, aluminum siding, and vinyl replacement windows. A unique investment opportunity with endless possibilities in a sought-after historic neighborhood! Please note: Both units currently share gas and electrical service.

4912 Franklin Boulevard, Cleveland

Listing Courtesy of: Roger J Scheve, rogers@remax.net With RE/MAX Above & Beyond

$60,000

8 Beds ⋅ 3 Baths ⋅ 5250295 MLS

Calling all investors or owner occupants who want to put a little work into their property! Welcome to this diamond in the rough functional Triplex. This property features 3 levels. the first two levels featuring 3 bedrooms and 1 bathroom. The third level features 2 bedrooms (hard to come by). Property has been kept up. by an owner occupant but will need some TLC. It's minutes from downtown and the Cleveland Clinic. There's tons of space and opportunity here. The property doesn't require much work its all cosmetic, primarily. The garage was built in 2018 and the driveway and exterior is in pristine condition (nothing a little power wash can't handle). There are 2 separate electric meters, two furnaces, 3 HWT. Currently only the electric is on with no other utilities. Property also comes with the lot next door parcel 110-21-037. This property is priced competitively and WILL NOT LAST LONG! Get your realtor and come take a look.

11424 Tuscora Avenue, Cleveland

Listing Courtesy of: Shaniquea Jackson, Shaniqueajackson@kw.com With Keller Williams Greater Metropolitan

$139,900

4 Beds ⋅ 3 Baths ⋅ 5248473 MLS

Step into this solid two+ story colonial at 1705 E 84th St and discover a surprisingly spacious home that punches above its price. Four bedrooms and 2.5 baths give you room to spread out—whether you’re housing a growing family or maximizing rental income. The layout is practical and inviting: main-floor living room, dining room, and kitchen flow easily, while three of the bedrooms and both full baths sit upstairs for privacy. A finished attic level adds flexible space, and the full basement offers storage or future expansion potential. Situated just minutes from University Circle’s hospitals, museums, and cultural energy, this well-maintained property has already proven its appeal—previously generating solid Section 8 income. No garage, but paved on and off street parking and a compact 0.08-acre lot keep things simple and low-maintenance. Whether you’re an investor seeking cash flow or a buyer ready to put down roots in a convenient location, this is the kind of sturdy, no-nonsense home that quietly delivers. Come see the potential for yourself.

1705 E 84 Street, Cleveland

Listing Courtesy of: Daniela Maragos, therealestatedesignteam@gmail.com With Keller Williams Elevate

$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

$239,000

3 Beds ⋅ 2 Baths ⋅ 5250267 MLS

Tastefully updated and plenty of character in Cleveland's Jefferson Neighborhood! Throughout this home is plenty of beautiful built-in shelving/ storage and original trim work. Entering this home, you'll enter into the large living room with wood floors that is open to a sitting area/ den with plenty of windows allowing tons of natural light. Off of the living room is the traditional formal dining room that has a passthrough with a breakfast bar to the updated kitchen with quartz countertops. The second floor has 3 large bedrooms, full bath, and walk-up access to the attic that one day could be finished. The basement offers a huge living space that is great for entertaining, a flex room that could work for a home office, gym, or playroom, laundry/ utilities, and a half bath. Outside you'll find a recently built 2 car garage and refreshing swimming pool! Updates include garage, rebuilt front steps, pool, attic insulation, 8 windows, chimney crowns and caps, added kitchen lighting, range hood, hot water tank, electric panel, furnace, and central AC.

3619 W 132nd Street, Cleveland

Listing Courtesy of: Brian C Gilbert, brian@bgrealestate.net With Coldwell Banker Schmidt Realty

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