1753 Collamer Ave · East Cleveland, OH 44112

$114,900

4 bd · 2.0 ba · 1,924 sqft · MultiFamily public records · 131 Days on market

Built 1916 3,998 sqft lot $60/sqft · 46% above area Est $78k · 46% over

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.8/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

This updated duplex is a fantastic investment opportunity! Featuring a newer roof, windows, and hot water tanks, this property is move-in ready and hassle-free. Plenty of new updates throughout the home. Downstairs Unit: Currently vacant and previous tenant was paying $850/month. Upstairs Unit: Eden tenant paying $950 per month Located in East Cleveland, this property offers strong rental income potential with minimal maintenance. Don't miss out on this chance to add a high-performing property to your portfolio!

Key facts

• Newer roof
• New hot water tanks
• New windows

Tags

• NEWER ROOF
• NEW WINDOWS
• NEW HOT WATER TANKS
• STRONG RENTAL INCOME POTENTIAL

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.5-bath units multifamily listed at $115k.

Deal economics

• At list price, monthly cash flow is $621 ($7k/yr) — positive. Per door: $311/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.8% vs local median 17.4% in East Cleveland — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 66/100 on livability (#650 in OH) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: schools F, crime F, employment F.
• East Cleveland City School District (suburban): math 4% / reading 17% proficiency, ranked #652 of 656 in OH (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 92% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.2%/yr); 101 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• At $1,752/mo this rent would consume 73% of the median local household income ($29k/yr) (locally 1702% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $794 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Cuyahoga County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.2% rent growth), your $32k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 131 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $92k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $101,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1916 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.52% ✓
• Cap rate: 12.78%
• Cash-on-cash: 23.16%
• DSCR: 2.03
• GRM: 5.5

CMA / ARV

• ARV (median comp): $78,443
• List price: $114,900
• Delta: 46.48%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
872 Eloise Dr	0.60mi	4/2.0	1,872 (-3%)	10mo	$125,000	$67	59
14810 Shaw Ave	0.42mi	4/2.0	1,698 (-12%)	6mo	$35,000	$21	55
864 Eloise Dr	0.59mi	4/2.0	1,872 (-3%)	18mo	$84,256	$45	53
14310 Potomac Ave	0.72mi	5/2.0 (+1)	1,982 (+3%)	12mo	$36,000	$18	46
894 Helmsdale Rd	0.73mi	4/2.0	2,152 (+12%)	8mo	$93,000	$43	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.16% rent growth · sell at horizon

5-year hold

• IRR: 18.5%
• Equity multiple: 1.77×
• Total profit: $24,831
• Equity at exit: $17,132

10-year hold

• IRR: 28.4%
• Equity multiple: 3.77×
• Total profit: $89,266
• Equity at exit: $9,934

Cash invested: $32,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 44112

• Rents YoY: 5.2%
• Active inventory: 101
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,752 high
• Mortgage (P&I): −$603
• Tax from tax record: −$113 /mo · $1,352/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $621

Break-even live

Break-even rent $966

Max offer price $114,900

Occupancy floor 60%

Sensitivity live

Price	-10% $686	-5% $654	+0% $621	+5% $588	+10% $556
Rent	-10% $483	-5% $552	+0% $621	+5% $690	+10% $759
Rate	-1.0pp $679	-0.5pp $650	base $621	+0.5pp $591	+1.0pp $561

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1.5	$1,752
Total (2 units)			$1,752

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16000 Terrace Rd Cleveland, OH	1.0–3.0	1.0–2.0	1000	$1,210	$1.21	2d	39	0.26mi
910 Dresden Rd Cleveland, OH	4.0	2.0	1839	$1,800	$0.98	17d	1	0.57mi
15801 Hazel Rd Cleveland, OH	3.0	1.5	1908	$1,550	$0.81	17d	1	0.70mi
821 Nela View Rd Cleveland, OH	4.0	2.5	2178	$2,100	$0.96	8d	1	0.77mi
915 Nela View Rd Cleveland, OH	4.0	1.0	1300	$2,600	$2.00	17d	1	0.78mi
14200 Scioto Ave Cleveland, OH	3.0	1.0	1256	$1,350	$1.07	17d	1	0.82mi
983 Greyton Rd Cleveland, OH	3.0	2.0	1457	$1,495	$1.03	17d	1	0.89mi
1024 Greyton Rd Cleveland, OH	5.0	2.5	1800	$2,500	$1.39	44d	1	0.90mi
963 Selwyn Rd Cleveland, OH	4.0	1.0	1300	$2,650	$2.04	2d	1	0.96mi
3430 Winsford Rd Cleveland, OH	4.0	1.5	1800	$1,590	$0.88	17d	1	0.97mi
3337 Sylvanhurst Rd Cleveland, OH	3.0	1.0	1334	$1,800	$1.35	8d	1	1.01mi
1007 Elbon Rd Cleveland, OH	3.0	1.0	1386	$1,400	$1.01	11d	1	1.13mi
3406 Henderson Rd Cleveland, OH	4.0	1.5	1343	$2,250	$1.68	17d	1	1.13mi
1035 Elbon Rd Cleveland, OH	4.0	1.5	1304	$1,675	$1.28	17d	1	1.16mi
1099 Woodview Rd Cleveland, OH	4.0	1.0	1500	$2,500	$1.67	2d	1	1.17mi
994 Yellowstone Rd Cleveland, OH	3.0	2.0	1475	$1,395	$0.95	3d	1	1.24mi
12819 Edmonton Ave Cleveland, OH	4.0	1.0	1423	$1,795	$1.26	17d	1	1.25mi
2401 N Taylor Rd Cleveland, OH	3.0	1.0	1347	$1,325	$0.98	8d	1	1.34mi
3802 Princeton Blvd Cleveland, OH	3.0	1.5	1656	$2,275	$1.37	2d	1	1.43mi

Listing history 44 events

1. 2026-06-21
   days on market $114,900 Active 131 DOM
2. 2026-06-18
   days on market $114,900 Active 128 DOM
3. 2026-06-17
   days on market $114,900 Active 127 DOM
4. 2026-06-16
   days on market $114,900 Active 126 DOM
5. 2026-06-15
   days on market $114,900 Active 125 DOM
6. 2026-06-13
   days on market $114,900 Active 123 DOM
7. 2026-06-13
   days on market $114,900 Active 122 DOM
8. 2026-06-09
   days on market $114,900 Active 119 DOM
9. 2026-06-08
   days on market $114,900 Active 118 DOM
10. 2026-06-07
    days on market $114,900 Active 117 DOM
11. 2026-06-05
    days on market $114,900 Active 114 DOM
12. 2026-06-03
    days on market $114,900 Active 113 DOM
13. 2026-06-02
    days on market $114,900 Active 112 DOM
14. 2026-06-01
    days on market $114,900 Active 111 DOM
15. 2026-05-31
    days on market $114,900 Active 110 DOM
16. 2026-05-05
    price $114,900 517-char remark

    Show marketing remark (517 chars)

    This updated duplex is a fantastic investment opportunity! Featuring a newer roof, windows, and hot water tanks, this property is move-in ready and hassle-free. Plenty of new updates throughout the home. Downstairs Unit: Currently vacant and previous tenant was paying $850/month. Upstairs Unit: Eden tenant paying $950 per month Located in East Cleveland, this property offers strong rental income potential with minimal maintenance. Don't miss out on this chance to add a high-performing property to your portfolio!

17. 2026-02-05
    listed $119,900 Active 517-char remark

    Show marketing remark (517 chars)

    This updated duplex is a fantastic investment opportunity! Featuring a newer roof, windows, and hot water tanks, this property is move-in ready and hassle-free. Plenty of new updates throughout the home. Downstairs Unit: Currently vacant and previous tenant was paying $850/month. Upstairs Unit: Eden tenant paying $950 per month Located in East Cleveland, this property offers strong rental income potential with minimal maintenance. Don't miss out on this chance to add a high-performing property to your portfolio!

18. 2025-09-27
    price $114,900
19. 2025-07-15
    price $119,000
20. 2025-06-30
    historical
21. 2025-06-17
    price $119,000
22. 2025-05-15
    listed $129,999 Active
23. 2021-07-27
    soldstatus $92,000
24. 2021-07-23
    soldstatus $92,000 Closed
25. 2021-05-10
    status Pending
26. 2021-05-03
    listed $79,900 Active
27. 2020-09-17
    historical
28. 2020-08-14
    listed $72,500 Active
29. 2017-05-02
    soldstatus $14,929 Sold
30. 2017-03-16
    status Pending
31. 2017-03-13
    historical
32. 2017-03-01
    price $9,500
33. 2017-01-02
    listed $10,500 Active
34. 2012-12-31
    historical
35. 2012-04-20
    listed $55,000
36. 2010-11-15
    historical
37. 2009-11-23
    listed $50,000
38. 2004-06-22
    historical
39. 2003-12-22
    listed $80,000
40. 2003-05-19
    historical
41. 2003-03-14
    soldstatus $65,000
42. 2002-05-20
    listed $70,000
43. 1987-04-30
    soldstatus $42,900
44. 1986-10-01
    soldstatus $15,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $1,352 · $113/mo
• Projected year-2 tax: $1,572 · $131/mo
• Expected delta: +$220/yr (+$18/mo · 16.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,024
• − Mortgage interest: −$6,436
• − Property taxes: −$1,352
• − Insurance: −$574
• − Repairs & maintenance: −$1,682
• − Management: −$1,682
• − Depreciation: −$3,343
• Taxable income: $5,955
• Est. tax owed @ 24.0%: −$1,429
• After-tax cash flow: $6,023/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: East Cleveland City School District
• NCES district ID: 3904390
• Math proficiency: 4% ▼ -16.00%
• Reading proficiency: 17% ▼ -13.00%
• Median HH income: $22,726
• Composite: 7.38/100
• National rank: #9954
• State rank: #652 of 656 in OH

Livability — East Cleveland

• Score: 66/100
• State rank: #650
• US rank: #11510

Category grades

Amenities C+ Commute A+ Cost of living A+ Crime F Employment F Housing B+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Cleveland, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 17,848
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 17,848
• Household income: $28,799
• Rent vs Own: 54.9% rent · 45.1% own
• Severe rent burden: 1702.0

Population outlook (Cuyahoga County) Hauer SSP2

• Today (2025): 1,244,621 people
• By 2030: 1,230,093 · -1.2%
• By 2040: 1,189,108 · -4.5%
• By 2050: 1,145,706 · -7.9%
• By 2075: 1,076,557 · -13.5%
• By 2100: 978,987 · -21.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (89%)
• Race & ethnicity: Black 89% White 7% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · French/Haitian/Cajun 3% Spanish 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Cuyahoga

• 2024 margin: Solid D (+31.5) · D 65.4% · R 33.9%
• 2008→2024 swing: -7.4pp toward R · 2008: 38.9pp · 2024: 31.5pp
• All cycles: 2024: D+31.5 2020: D+34.1 2016: D+35.0 2012: D+38.7 2008: D+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -115.61%
• Current HPI: 67.2162
• Rent YoY: ▲ 5.16%
• Metro: Cleveland-Elyria, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+666.0% since first listed

29 events — show timeline

• 2026-05-05 Price Changed $114,900 MLSNOW
• 2026-02-05 Listed $119,900 MLSNOW
• 2025-09-27 Price Changed $114,900 MLSNOW
• 2025-07-15 Price Changed $119,000 MLSNOW
• 2025-06-30 Listing Removed — MLSNOW
• 2025-06-17 Price Changed $119,000 MLSNOW
• 2025-05-15 Listed $129,999 MLSNOW
• 2021-07-27 Sold (Public Records) $92,000 Public Records
• 2021-07-23 Sold (MLS) $92,000 MLSNOW
• 2021-05-10 Pending — MLSNOW
• 2021-05-03 Listed $79,900 MLSNOW
• 2020-09-17 Listing Removed — MLSNOW
• 2020-08-14 Listed $72,500 MLSNOW
• 2017-05-02 Sold (MLS) $14,929 MLSNOW
• 2017-03-16 Pending — MLSNOW
• 2017-03-13 Listing Removed — MLSNOW
• 2017-03-01 Price Changed $9,500 MLSNOW
• 2017-01-02 Listed $10,500 MLSNOW
• 2012-12-31 Listing Removed — MLSNOW
• 2012-04-20 Listed $55,000 MLSNOW
• 2010-11-15 Listing Removed — MLSNOW
• 2009-11-23 Listed $50,000 MLSNOW
• 2004-06-22 Listing Removed — MLSNOW
• 2003-12-22 Listed $80,000 MLSNOW
• 2003-05-19 Listing Removed — MLSNOW
• 2003-03-14 Sold (Public Records) $65,000 Public Records
• 2002-05-20 Listed $70,000 MLSNOW
• 1987-04-30 Sold (Public Records) $42,900 Public Records
• 1986-10-01 Sold (Public Records) $15,000 Public Records

Property tax history

+0.6%/yr

Latest (2025): $1,352 · +0.0% YoY. Source: county tax records.