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$149,900

Est. payment - /mo

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7 Beds

5 Baths

3,403 SqFt

New

15018 Terrace RD East Cleveland, OH 44112

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Karen Derosa

kderosarealtor@gmail.com +1(740) 296-0062

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,403 sqft

Price per Sqft $44

Subdivision Charles E Boltons Grasmere Add

MLS Listing ID 5162885

Style Colonial

Bedrooms 7

Full Baths 3

Half Baths 2

Construction Status Fixer

HOA Y/N No

Abv Grd Liv Area 3,403

Year Built 1925

Annual Tax Amount $2,314

Tax Year 2024

Lot Size 0.557 Acres

Acres 0.5568

Property Sub-Type Single Family Residence

Stories Two

Story Two

Property Description

A RARE OPPORTUNITY to own a property perfectly positioned in the heart of a city undergoing an undeniable renaissance. This stately 7 bedroom, 3.5-bath Colonial boasting over 3,400 + sq/ft of potential on a deep half-acre lot, making it a dream project for a savvy investor seeking value in one of Greater Cleveland's most promising markets. The home's timeless exterior and generous footprint evoke classic Cleveland architecture, while its size and structure allow for multiple income-producing configurations whether as a spacious single-family restoration, duplex/triplex conversion, or even a live-work creative space. The large parcel provides plenty of room for expansion, future ADU development, or enhanced outdoor amenities that can transform this into a true showpiece property. Beyond its strong bones and impressive scale, the location is TRULY SPECIAL. East Cleveland is in the midst of a revitalization, fueled by major investments and redevelopment projects spreading from Circle East, University Circle, Glenville, and Circle North. With its proximity to University Circle's hospitals, museums, and cultural institutions, this address stands at the gateway to both opportunity and appreciation. For investors with vision, this home represents the chance to participate in East Cleveland's comeback story. Its generous layout and half-acre lot provide unmatched flexibility ideal for repositioning into high-end rentals, multifamily housing, or a signature renovation project that sets the tone for the neighborhood. With proper upgrades, this Colonial can deliver strong returns while contributing to the city's broader transformation. This isn't just a property it's a cornerstone investment in the next chapter of East Cleveland's growth. Schedule your showing today and seize the opportunity to be part of the movement. Buyer to assume POS Violations. Property sold AS IS. Seller to review all reasonable offers!!!

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Interior Features Bookcases, Built-in Features, Ceiling Fan(s), Entrance Foyer, High Ceilings, Sauna

Heating Hot Water, Radiator(s), Steam

Cooling Ceiling Fan(s), Window Unit(s)

Fireplaces Number 1

Fireplace Yes

Laundry In Basement

Exterior

Parking Features Driveway, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt

Porch Enclosed, Patio, Porch

Private Pool No

Building

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

Construction Status Fixer

Schools

School District East Cleveland Csd - 1812

Others

Tax ID 673-25-012

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Jermaine N Brooks • Keller Williams Greater Metropolitan • jermainebrooks@kw.com, 216-224-4326

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Karen Derosa

Agent | License ID: SAL.2006003053

+1(740) 296-0062

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15018 Terrace RD East Cleveland, OH 44112

Karen Derosa

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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15018 Terrace RD