1509 Maple Road
Cleveland Heights, OH 44121

$200,000

Beds: 4
Baths: 1 | 1
Sq. Ft.: 1,876
Type: House
IDX Image
Listing #5224632
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!
Property Features
Location Information
County: Cuyahoga
Latitude: 41.518806
Longitude: -81.544177
Subdivision: Park Hill
Directions: See list of portfolio list of addresses
Interior Features
Full Baths: 1
1/2 Baths: 1
Has Fireplace: No
Number of Fireplaces: 0
Heating: Gas, Hot Water, Steam
Cooling: Ceiling Fan(s), None
Basement Description: Unfinished
Has Basement: Yes
Exterior Features
Style: Colonial
Stories: 2
Construction/Exterior: Aluminum Siding
Possession: Negotiable
Water / Sewer: Public Sewer
Water: Public
Parking Description: Attached, Garage, Paved
Has Garage: Yes
Garage Spaces: 1
Lot Size in Acres: 0.183
Has Waterfront: No
Additional Information
Roof/Attic: Asphalt, Fiberglass
Property Type: SFR
Property SubType: Single Family Residence
Property SubType 2: Residential
Year Built: 1925
Status: Active


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
yrs
Interest Rate
 % 
Down Payment
$
List Price:
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing courtesy of Russell Real Estate Services 440-572-3100
Logo
© 2026 MLS Now (formerly Yes MLS, NEOHREX, and NORMLS). All rights reserved.
The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than eXp are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.
MLS Now (Yes MLS) data last updated at July 8, 2026, 8:34 PM ET