Great investment opportunity in the Cleveland area! This 2-bedroom, 1-bath single-family home offers 800 sq ft of living space and is already generating passive income. • Annual rental income: $9,000 • Gross ROI: 15.00% The property is tenant-occupied, with a reliable long-term tenant expressing a strong interest in staying. Located in an up-and-coming neighborhood, this home presents excellent potential for appreciation and long-term growth. Whether you're a seasoned investor or just getting started, this affordable property is a smart addition to your rental portfolio.
For sale
Price cut: $5K (9/23)
$55,000
7427 Spafford Rd, Cleveland, OH 44105
2beds
--sqft
Est.:
Single Family Residence
Built in 1890
5,074.74 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 130 days |
- 112 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: November 06, 2025 at 05:54am
Listing Provided by:
Saundra Clay 216-496-2938 saundraclay@yahoo.com,
Key Realty
Source: MLS Now,MLS#: 5146656
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Features
- Basement: Unfinished
- Has fireplace: No
Property
Parking
- Parking features: No Garage
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,074.74 Square Feet
Details
- Parcel number: 13320097
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Shingle
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: E T Hamilton
HOA
- Has HOA: No
Location
- Region: Cleveland
Financial & listing details
- Tax assessed value: $24,500
- Annual tax amount: $602
- Date on market: 8/7/2025
- Cumulative days on market: 88 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2025 | Price change | $55,000-8.3% |
Source:  MLS Now #5146656 Report a problem | ||
| 8/7/2025 | Listed for sale | $60,000+252.9% |
Source: MLS Now #5146656 Report a problem | ||
| 11/18/2019 | Sold | $17,000+9.7% |
Source: Public Record Report a problem | ||
| 6/26/2019 | Sold | $15,500-42.4% |
Source: MLS Now #4056316 Report a problem | ||
| 2/11/2019 | Listed for sale | $26,900 |
Source: Transnational Property Investment, LLC. #4056316 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $574 +24.2% | $8,580 +44.2% |
| 2023 | $462 +0.6% | $5,950 |
| 2022 | $459 +0.9% | $5,950 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$321/mo
Principal & interest
$213
Property taxes
$89
Home insurance
$19
Climate risks
Neighborhood: South Broadway
Nearby schools
GreatSchools rating
- 5/10Albert Bushnell HartGrades: PK-8Distance: 0.2 mi
- 3/10John Adams College & Career AcademyGrades: 2,4,7-12Distance: 1.8 mi
- 4/10Mound Elementary SchoolGrades: PK-8Distance: 0.8 mi
Schools provided by the listing agent
- District: Cleveland Municipal - 1809
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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