24 days on rocket

851 Paxton Rd, Cleveland, OH, 44108

$149,900

Home List Price

$1,780*

Closing Credit

5 Bedrooms
3 Full Baths
2,720 SqFt
$55/SqFt
Multi

Location

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851 Paxton Rd, Cleveland$149,900

Buyer Closing Credits

$1,780*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
ParkingDriveway, Detached, Garage, Off Street, Paved
Garage2 spaces
Year Built1917
HeatingForced Air
CoolingNone
BasementYes
MLS #5076175
Lot Size0.10 Acres
StatusActive

About 851 Paxton Rd

Incredible investment opportunity on Cleveland’s east side! This vacant three-unit property has recently been updated, including all new mechanicals and some cosmetic updates throughout making it rent-ready for a new owner to capitalize on. The property features two 2-bed, 1-bath units and a spacious 1-bed, 1-bath unit on the third floor. With market-rate tenants, this property can generate over $30,000 per year in gross rental income, and by utilizing the Section 8 program, income could exceed $35,000 annually. Don’t miss out on this chance to grow your rental portfolio with a property poised for solid returns! *Auditor's website states that the property is a duplex with 4 bedrooms and 2 baths / owner states that the property is a triplex with 5 bedrooms and 3 baths.

Property Details

Property Features

Property Information:

  • Year Built: 1917
  • Living Area: 2,720 SqFt

Listing Office:

  • Office Name: Russell Real Estate Services
  • Office Phone: (216) 870-8687
  • Listing Agent: Tal Tamir

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Driveway, Detached, Garage, Off Street, Paved

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: East of Eddy Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $149,900
  • Price Per SqFt: $55/SqFt

Tax Information:

  • Annual Amount: $952
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Cleveland, OH.

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Cleveland, OH

City

Med. Sold Price

$164.2K

Med. Price/SqFt

$99

Avg. Days On Market

36

# of Sold Homes

719

851 Paxton Rd vs Cleveland

24 DAYS ON ROCKET

-12 Days

$149,900

-$14.3K Less

$55/SqFt

-$45 Less

KEY TAKEAWAY

This property is $14.3K less than the Median Sold Price and $45/SqFt less than other homes in Cleveland, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5076175

Listing Office:

  • Office Name: Russell Real Estate Services
  • Office Phone: (216) 870-8687
  • Listing Agent: Tal Tamir

IDXCopyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 28, 2019Home Sold
$46,000
Nov 28, 1997Home Sold
$55,000

Tax History

YEARPROP. TAXASSESSMENT
2020$952$10,780
2019$881$10,780
2018$879$10,780
2017$1,584$18,730

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2086450
3
/10

  • Citizens Academy East

  • 12523 Woodside Ave

  • 0.17 miles

  • Public Charter Grades KG-3

school-card-donut-2086451
3
/10

  • Mayfair Elementary School

  • 13916 Mayfair Ave

  • 0.62 miles

  • Public District Grades KG-6

school-card-donut-2086452
3
/10

  • Chambers Elementary School

  • 14121 Shaw Ave

  • 0.86 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,615. Residents of Cleveland, OH typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44108›851 Paxton Rd

This home is located at 851 Paxton Rd in Cleveland, OH and zip code 44108 in the Forest Hill Parkway neighborhood. This 2,720 square foot home, which was built in 1917, sits on a 0.10 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 12, 2024 and is currently priced at $149,900.

Cleveland, OH housing market in October 2024 saw over 275 listings sold above listed price, more than 110 sold at listed price and over 333 sold below. The inventory of homes for sale in Cleveland, OH between September 2024 and October 2024 increased by 4.7%. The median list price of listings available in October 2024 was $164,291, while the average time on the real estate market was 36 days.

From Rocket Homes Real Estate and based on county public records data.

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