Michelle Smith

4198 Eastway Road

South Euclid, OH
$ 200,000 Beds 4 Baths 2 Sq 1,594
Monthly Estimate* How much can I afford?

Priced at $200,000/ house part of a turnkey 16-property single-family rental portfolio across highly desirable Cleveland East suburbs including South Euclid, Cleveland Heights, Lyndhurst, Mayfield Heights, and Cleveland. Offered as a package at $3,200,000. This stabilized portfolio includes 16 individual single-family homes with established rental history, strong tenant demand, and immediate cash flow from day one. Current rent roll reflects approximately $33,685/month in scheduled rental income ($404,220 annually). Based on provided income and property taxes, the portfolio produces approximately $344,121 NOI, representing an attractive 10.75% cap rate at the asking price (buyer to verify all expenses and financials). Many properties feature updates, desirable layouts, and tenant-friendly amenities including updated finishes, and central air at many locations. These homes are strategically located near major employment centers, shopping, dining, parks, schools and transportation, making them ideal long-term rental assets. Portfolio Highlights: • 16 Single-Family Rental Homes • $33,685/month rental income • $404,220 gross annual income • Approx. 10.75% cap rate based on provided rent roll • Stabilized tenant base • Renovated and income-producing assets • Strong Cleveland suburban rental markets • Excellent opportunity for investors seeking scale and diversification Included properties: 6601 Ridgeview Rd Mayfield Heights; 4011 Lancaster Rd South Euclid; 7220 Deveny Ave Cleveland; 1171 Quilliams Rd Cleveland Hts; 956 Nobleshire Rd Cleveland Hts; 857 Quarry Dr Cleveland Hts; 4033 Stonehaven Rd South Euclid; 4241 Verona Rd South Euclid; 1513 Westdale Rd South Euclid; 4187 Stilmore Rd South Euclid; 4218 Stilmore Rd South Euclid; 4198 Eastway Rd South Euclid; 1799 Wrenford Rd South Euclid; 4349 Ardmore Rd South Euclid; 4847 Farnhurst Rd Lyndhurst; 1509 Maple Rd Cleveland Hts. Call today for additional details!

Active

  • Price
  • $ 200,000
  • City
  • South Euclid
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • Cuyahoga
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.1779 Acres
  • Zip
  • 44121
  • Sqr Footage
  • 1,594
  • Year Built
  • 1950
  • Taxes
  • $ 4471
  • Style
  • MLS#
  • 5224618
Listed By: Russell Real Estate Services
Data Source: MLSNow

Features

General

Sewer Public Sewer
Heating Baseboard,Gas
Cooling None
Possession Negotiable
Roof Asphalt,Fiberglass
Garage Spaces 1
Architectural Style Bungalow
Construction Materials Aluminum Siding
Year Built 1950
Stories Count 2
Township South Euclid
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Cuyahoga
Property Type Residential
HOA false
Attached Garage false
Subdivision Name Ceder Centre Sub
Garage Y/N true
Total Rooms 7
Full Baths 2
Status Active
Directions See list of portfolio list of addresses
ModificationTimestamp 2026-07-03T19:57:31.460-00:00
City South Euclid
High School District South Euclid-Lyndhurst - 1829
Lot Size Units Acres
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 4471
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District South Euclid-Lyndhurst - 1829
Elementary School District South Euclid-Lyndhurst - 1829
Year Built Source Public Records
Property Sub Type Additional Single Family Residence
PostalCity CLEVELAND
Legal Description 65 CEDCEN 0239 ALL

Interior Features

Basement (Y/N) false
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 1594
Total Bedrooms 4
Main Level Bedrooms 2
Main Level Bathrooms 1
Above Grade Finished Area Source Realist
Total Baths 2

Exterior Features

Parking Features Detached,Garage,Paved
Water Source Public
Lot Size Area 0.1779
Foundation Details Slab
Lot Dimensions 50x155
Lot Size Acres 0.1779
Lot Size Source Public Records
Waterfront Y/N false

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Youngstown, OH office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/3/2026 Listed $200,000

Property vs Zip Code Average in 44121

Price
AVG $220K
$200K
Taxes
AVG $4,701
$4,471
Year Built
AVG 1942
1950

Areas That We Cover

4198 Eastway Road South Euclid, OH is a Single Family Home for sale at $200000 with 1594 sqft and a lot size of 0.1779 Acres Acre(s). 4198 Eastway Road South Euclid has 4 bedrooms, 2 baths and was built in 1950. The property's zip code is 44121 which is in South Euclid, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Michelle Smith

Michelle Smith

Agent

330-383-2910

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