ATTENTION INVESTORS: BRICK CASH COW IN THE WATERLOO ARTS DISTRICT. This solid brick home at 1268 E 169th St sits in Cleveland’s rapidly revitalizing Waterloo Arts corridor, surrounded by rising values, growing owner-occupancy, and walkable access to galleries, restaurants, nightlife, and the iconic Waterloo theater. Last rented at nearly $1,400… Read More with Section 8, the property has been severely underpriced relative to current demand especially as nearby Euclid-area rents help support strong CMHA payment standards. Inside, the property is essentially turnkey: quality remodel with full interior repaint, refreshed basement floors and walls, and a brick exterior that offers durability and low exterior maintenance. The large, refinished basement creates value-add potential, with layout and ceiling height that could allow for two additional bedrooms and a bath (buyer to verify), which could push total rent an additional $500–$700 per month and increase returns. Additional features include large windows with great natural light, a long private driveway, and a garage that was being rented out separately for additional cashflow, plus a city-owned vacant lot next door that adds privacy, side-yard feel, and better light. Lead-based paint testing has been completed and passed, with the report available, making this a compliance-ready, inspection-friendly asset for housing authority programs. In a fast-improving arts district that blends strong rent potential, cultural amenities, and appreciation momentum, this property offers a rare combination of turnkey Section 8 cash flow today with meaningful upside through rent reset, basement build-out, or a future flip to an owner-occupant. Part of a larger Section 8 portfolio—ask about additional stabilized voucher properties and transferable marketing photos/renders for your future listings. Easy to show. Read Less
Courtesy of Team Results Realty and Scott A Marvin
Listing Snapshot
Days Online
0
Last Updated
Property Type
SingleFamilyResidence
Beds
2
Full Baths
2
Lot Size
0.1 Acres
Year Built
1928
MLS Number
5220174
Additional Details
Basement
Full
Building
Built in 1928, Architectural style: SplitLevel, Construction materials: Brick, VinylSiding, Levels: Two, MultiSplit, Living area units: SquareFeet, 2, 2 total stories
Garage
2 garage spaces
Heating
ForcedAir, Gas
Lot
0.101 acres
Parking
Detached, Garage
Property
Patio and porch features: Deck
Roof
Shingle
Sewer
PublicSewer
Taxes
Year: 2025
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