If you’re looking to make smart investments in real estate that deliver steady income without a massive headache, then focusing on the turnkey duplex properties in Cleveland is a fantastic starting point. Cleveland, Ohio, is buzzing with opportunities for investors who want to get into the rental market with properties that are ready to go, meaning less work for you and faster cash flow. I’ve seen firsthand how the right duplex in the right Cleveland neighborhood can be a goldmine.

It’s not just about finding any property; it’s about finding smart properties in a city that truly understands the needs of both renters and investors. Cleveland checks a lot of the boxes that make a rental market sing: prices that don’t break the bank, the ability to earn good rent compared to what you paid, and solid potential for consistent monthly returns. When you add in the “turnkey” aspect – meaning the property is already in good shape and ready for tenants – it really simplifies the whole investment process.

Best Turnkey Duplex Properties in Cleveland for 2026 Investors

Why Cleveland Continues to Shine for Real Estate Investors

From my perspective, what makes Cleveland so attractive isn’t just one thing, but a combination of factors that create a fertile ground for rental income. It’s a city with a strong comeback story, and that translates directly into opportunity for those of us looking to build wealth through property.

• Getting In Without Breaking the Bank: One of the biggest draws of Cleveland is how affordable it is to buy property. You can often find great deals that are significantly less than what you’d pay in larger coastal cities. This lower entry price means less capital tied up and a quicker path to profitability.
• Getting More Bang for Your Buck (Rent-to-Value): This is where things get really interesting for investors. Many duplexes in Cleveland offer excellent rent-to-value ratios. This means the amount of rent you can collect each month is a healthy percentage of the property’s purchase price. It’s not uncommon to see properties hitting or even exceeding the “1% rule” – a popular benchmark where monthly rent should be at least 1% of the purchase price. This is a golden indicator of strong cash flow potential.
• Steady Cash Flow is the Name of the Game: When you’re looking for investments, consistent cash flow is key. Cleveland neighborhoods frequently show capitalization rates (cap rates) that outperform many other markets, especially those on the coasts. A good cap rate means your property is generating solid profit on your investment.
• The Turnkey Advantage: Less Hassle, More Profit: This is crucial. “Turnkey” properties are your dream starting point. They’re usually updated, already have tenants, or are move-in ready for tenants. This means you can skip the stressful, time-consuming, and expensive renovation phase. You can start collecting rent much sooner, which is the ultimate goal for any investor.

A Real-World Look: A Turnkey Duplex Success Story

To give you a concrete idea of what’s out there, let’s look at a specific example that really highlights the potential. This property is on W 117th St in Cleveland that truly embodies the kind of opportunity we’re talking about.

Feature	Detail
Location	W 117th St, Cleveland, OH
Bedrooms	4 (across both units)
Bathrooms	2 (across both units)
Size	4,800 sqft
Parking	1 off-street spot
Year Built	1952
Purchase Price	$169,900
Estimated Rental Income	$1,660/month
Price per Square Foot	$36
Rent to Value Ratio	1.0%
Neighborhood Grade	B-
Cap Rate	8.3%
Cash Flow (NOI)	$1,173/month

This duplex isn’t just a building; it’s a working investment. The numbers here tell a compelling story.

Breaking Down the Investment Numbers

Looking at the data from the W 117th St duplex, here’s what really stands out from an investor’s standpoint:

• Cap Rate (8.3%): This is a strong cap rate, especially in today’s market. It means that after all your operating expenses are paid, the property is generating a healthy return on the money you invested. For many investors, a cap rate above 7% is considered good, so 8.3% is definitely moving in the right direction.
• Rent to Value Ratio (1.0%): As I mentioned, hitting the “1% rule” is a big win. This means the monthly rent collected is equal to 1% of the purchase price ($169,900 * 0.01 = $1,699, which is very close to the $1,660 actual rent). This ratio is a quick way to assess if a property is likely to generate solid cash flow.
• Cash Flow (NOI $1,173/month): This is the money that lands in your bank account after you subtract operating expenses like property taxes, insurance, and potential maintenance. A consistent positive cash flow of over $1,100 per month is fantastic. It provides you with passive income and a buffer against unexpected costs.
• Neighborhood Grade (B-): This grade suggests a neighborhood that is stable and has consistent tenant demand without being overly expensive or having the highest vacancy rates. A “B-” is a sweet spot for many investors seeking a balance between affordability for tenants and strong rental demand.

 

What This Means for Your Investment Strategy in 2026

The opportunity presented by a property like the W 117th St duplex is versatile. It’s not just for one type of investor.

• For Those Just Starting Out: If you’re new to real estate investing, a duplex under $170,000 that’s turnkey is an incredibly accessible entry point. You can learn the ropes of being a landlord with a property that’s already set up for success, reducing the initial learning curve and financial burden.
• For Those Building Their Portfolio: If you already own a few properties, adding a well-performing duplex like this to your collection can significantly boost your overall returns. The strong cash flow and good cap rate make it a smart addition to diversify and increase your income streams.
• For Those Seeking Passive Income: The beauty of a turnkey property is that it requires minimal effort from you once acquired. You can focus on managing your portfolio and enjoying the passive income without getting bogged down in repairs or tenant screening initially. It’s the closest you can get to a “set it and forget it” investment.

The Takeaway on Cleveland’s Turnkey Duplexes

In my experience, the turnkey duplex properties in Cleveland represent a real sweet spot for investors. You get affordability, strong potential for monthly cash flow, and the convenience of a ready-to-rent property. Properties like the one on W 117th St, with its impressive cap rate and rent-to-value ratio, are not just listings; they are pathways to building wealth and achieving financial freedom through real estate. Cleveland continues to make a strong case as a prime location for smart rental property investment, and savvy investors are wise to pay attention.

When it comes to real estate investing, Cleveland has recently started to capture the attention of savvy investors. Why are smart investors now looking at this Midwestern city for turnkey rental properties? The answer lies in Cleveland’s promising economic indicators, affordable property prices, and an increasing demand for rental housing. The city, known for its rich history and cultural significance, is finally positioning itself as a prolific battleground for real estate opportunities.

In this article, we will explore why smart investors are investing in turnkey real estate in Cleveland, looking deeply into the critical factors that create a strong case for this Midwestern gem.

Why Smart Investors Are Investing in Turnkey Real Estate in Cleveland

Key Takeaways

• Strong Job Market: Cleveland is recognized as a Top 10 City for New College Graduates, offering various job opportunities across multiple sectors.
• Affordability: The average property price in Cleveland is much lower than the national average, making outright ownership feasible for many investors.
• Growing Population: An influx of new residents contributes to increasing rental demand, supported by the city’s robust economic growth and job availability.
• Diverse Economy: Cleveland prides itself on a mixed economy with a focus on healthcare, biotechnology, and manufacturing, ensuring durability against market fluctuations.
• Turnkey Convenience: Turnkey properties allow investors to step into a management-free investment, focusing on returns rather than renovations.

Cleveland: A City on the Rise

Automobiles, aerospace, and steel once symbolized Cleveland’s industrial might; however, the city has transformed into a promising hub for diverse industries over the past decades. Once known for economic struggles, Cleveland has rejuvenated its urban areas, which, combined with a dedicated workforce, has attracted various investments.

As stated by CNN, Cleveland ranks as one of the top 10 job markets for new college graduates, making it an appealing location for young professionals. With a city that hosts over 400 bioscience companies and two newly established Amazon distribution centers, it’s no surprise that Cleveland has become a beacon for both employment opportunities and economic growth.

In addition to businesses, Cleveland is home to 27 colleges and universities, contributing to a steady influx of educated individuals seeking job opportunities. It provides a plentiful talent pool for local companies; students often stay and work in the area after graduation, further solidifying the city as a long-term investment destination.

 

Affordable Property Prices: A Gateway for Investors

If you’ve been following real estate markets across the country, you might know that the typical home price in many metropolitan areas soars into the millions. This offers a considerable barrier for those looking to invest. However, Cleveland presents a breath of fresh air for prospective buyers, especially first-time investors.

The housing market in Cleveland is one of the most affordable in the nation. According to Zillow, the average home price in Cleveland sits at around $110,963. This relatively low entry price creates an accessible environment for investors with varying budgets. In contrast, major cities like New York and San Francisco boast property prices well beyond the reach of many potential investors.

This affordability not only entices local investors but also attracts out-of-state buyers looking to capitalize on the burgeoning market. With the ability to acquire multiple properties at a reasonable cost, investors can significantly diversify their portfolios without draining their resources.

In addition, buildings that were once neglected are being transformed into beautiful turnkey properties. This means that investors can buy these refurbished homes and start earning rental income immediately without worrying about costly renovations. Smart investors see substantial potential returns, particularly in a market where the average rental price for a two-bedroom home is around $1,200, according to Zillow.

Growing Population and Rental Demand

Cleveland’s real estate narrative is further bolstered by a growing population that creates burgeoning demand for rental properties. As job availability increases, so does the number of people moving to the city. This rising demographic fuels the demand for quality rental homes.

In Cleveland, the rental market is thriving. The trend of young professionals opting to rent instead of buy makes sense given the financial burdens often linked to first-time homeownership. The flexibility of renting appeals to younger generations looking for job security and opportunities to travel or relocate. With more and more students graduating from Cleveland State University and Case Western Reserve University, the local rental market stands to benefit immensely.

Furthermore, Cleveland is noted for its healthcare sector, housing around 120,000 healthcare professionals who are integral to the local economy. Many of these workers are likely to seek out rental agreements close to major hospitals and healthcare facilities, thus keeping demand for rental properties high year-round. Investors have the opportunity to step into a market where demand is likely to outpace supply.

Diverse Economy Driving Continuous Growth

A primary reason smart investors are turning their sights toward Cleveland is the city’s diverse economy. Cleveland’s job market encompasses a spectrum of industries, ensuring resilience even in times of economic uncertainty.

• Healthcare: Beyond being just a healthcare hub, with institutions like the Cleveland Clinic, the medical sector provides a myriad of high-paying jobs, attracting skilled workers from various fields.
• Biosciences and Technology: The biomedical industry is flourishing in Cleveland, with new technologies and research facilities on the rise, resulting in high-paying jobs that enhance the local job market.
• Manufacturing Legacy: Cleveland has retained its roots in manufacturing while adapting to modern conditions, maintaining a workforce ready to meet the needs of industries ranging from automotive to space technology.

This economic diversification means that the rental market is less susceptible to volatility. If one industry faces challenges, there are several others to help anchor the economy. For investors, this provides a sense of security, knowing that their investments are anchored by various sectors that collectively support the local economy.

The Turnkey Advantage: Minimize Risk and Maximize Returns

For many investors, especially those who are not interested in extensive renovation projects, the presence of turnkey rental properties is an attractive feature of the Cleveland market. Turnkey properties are defined as homes that are already renovated and ready for renters, eliminating the need for investors to engage in time-consuming or expensive renovations.

This significant convenience appeals to busy investors who might not have the time or resources to oversee renovations. Rather than worrying about contractors, timelines, or unexpected costs, investors can simply find a solid turnkey property and start generating income almost immediately.

The turnkey model often includes property management services, thus relieving investors of the burdens associated with day-to-day management. This overall simplicity allows investors to enjoy their income without the constant stress that comes with rental management. Whether you’re an out-of-state investor or someone focused on multiple properties, the turnkey approach can provide a hands-free investment experience.

Cleveland’s Competitive Rental Market

When it comes to rental demand, Cleveland offers a competitive landscape that smart investors appreciate. The combination of new residents, college graduates, and established professionals seeking rental opportunities makes this market ideal for investment.

With four professional sports teams, a vibrant local arts scene, and year-round entertainment options, Cleveland has a lot to offer residents. As the younger population continues to flock to the city, they are looking for quality homes in desirable neighborhoods. Consequently, the demand for rental properties escalates.

Aside from young professionals, the presence of students from universities like Cleveland State creates additional pressure on the local rental market. Many students prefer off-campus housing, thereby providing an opportunity for investors to cater specifically to this market. Student rentals can yield higher profits, and with a consistent flow of new graduates entering the area annually, there is no shortage of demand.

The Potential for Continuous Growth and Future Projections

With the current economic outlook and investment trends, Cleveland is poised for continued growth. The city’s proactive efforts to improve infrastructure, coupled with significant job creation, will likely bolster further increases in real estate values.

Investors looking for properties with strong upside potential will find Cleveland attractive. The combination of affordability, job growth, a continuously expanding demographic of renters, and an overall bustling market contributes to a promising landscape for investment.

As cities across the United States grapple with increasing housing prices and a competitive rental climate, Cleveland’s status as an affordable and dynamic city positions it as a uniquely advantageous investment opportunity.

Wrapping It Up: The Case for Cleveland

Investing in turnkey properties in Cleveland presents a distinct opportunity for smart investors to reap the benefits of a thriving market. The economic revitalization, affordable property prices, and increasing rental demand paint a hopeful picture for those willing to invest in the area.

With Cleveland rapidly transforming into a diverse economic hub, it’s not just about the immediate gains; it’s about long-term stability. The city’s investment in infrastructure, education, and job growth creates a conducive atmosphere for intelligent investment strategies.

As investors continue to seek out opportunities that align with their financial goals, Cleveland stands out as a city that offers significant advantages. For those considering a foray into the world of rental properties, the Midwestern city presents a proposition that is hard to ignore.

Cleveland, Ohio is one of the most popular cities in the United States, known for its rich history, culture, and economy. Its location along the southern shore of Lake Erie makes it a great place to live for those who love the outdoors, while its diverse population and strong job market make it a hub for businesses and entrepreneurs.

The Cleveland housing market has seen its fair share of changes and challenges over the past year, reflecting a mix of local and national influences. In this blog post, we will delve into the current trends and forecasts of the Cleveland housing market, examining factors such as house prices, competitiveness, migration patterns, and even climate risks.

Current Cleveland Housing Market Trends

According to data by Redfin, the Cleveland housing market proves to be somewhat competitive, with homes receiving an average of 3 offers and selling within approximately 25 days. In the last month, the median sale price of homes in Cleveland stood at $110K, reflecting a 4.3% decrease from the previous year. The median sale price per square foot is $82, marking a 1.2% increase since last year.

Wondering how Cleveland stacks up against the national housing market? The median sale price in Cleveland is 73% lower than the national average, making it an attractive option for those seeking affordability. Moreover, the overall cost of living in Cleveland is 8% lower than the national average.

Median Listing Home Price Stability

According to realtor.com, in October 2023, the median listing home price in Cleveland, OH stood at $120K, demonstrating a steady trajectory with no significant year-over-year fluctuations. This stability is a promising sign for both buyers and sellers, creating an environment of predictability in the real estate market.

Per Square Foot Analysis

Examining the median listing home price per square foot provides valuable insights into the cost efficiency of properties in Cleveland. As of October 2023, the figure is $81, offering potential homebuyers and investors a metric to gauge the relative value of properties based on their size.

Sale-to-List Price Ratio

One key indicator of market health is the sale-to-list price ratio. In October 2023, homes in Cleveland, OH, were sold at an impressive 100% of the asking price on average. This reflects a balanced dynamic between buyers and sellers, highlighting a fair and competitive real estate landscape.

Market Balance: Buyer and Seller Equilibrium

Cleveland, OH, stands as a balanced market in October 2023, indicating equilibrium in the supply and demand for homes. This equilibrium signifies a favorable condition for both buyers and sellers, where neither party holds a significant advantage.

Median Days on Market

Time is of the essence in the real estate market, and in Cleveland, OH, homes typically spend 43 days on the market before being sold. Analyzing the trend over the past year, there has been a slight increase since last month, but a modest decrease compared to the same period last year. This data suggests a dynamic market with fluctuations that warrant attention from both buyers and sellers.

Cleveland Rental Market Trends

2023 Average Rent Prices in Cleveland, OH

1 Bedroom Apartments

As of November 13, 2023, the average rent for a 1-bedroom apartment in Cleveland, OH is $1,350. The cost varies based on factors such as unit size, bathroom count, and location.

2 Bedroom Apartments

Based on our data, the average rent for a 2-bedroom apartment in Cleveland, OH is $1,045. Prices vary based on unit size, bathroom count, and location within Cleveland, OH.

3 Bedroom Apartments

In November 2023, the average rent price for a 3-bedroom apartment in Cleveland, OH is $1,200 per month. Rent prices vary based on unit size, bathroom count, and location within Cleveland, OH.

Affordable and Expensive Neighborhoods

Discover the most affordable and expensive neighborhoods in Cleveland:

• Affordable: Glenville ($600), Old Brooklyn ($799), Buckeye – Shaker ($800)
• Expensive: Ohio City ($1,625), Tremont ($1,300), Edgewater ($1,200)

$1,625 is 20% higher than the city median, while $1,300 is 4% lower than the city median.

Cleveland Housing Market Forecast 2023-2024

What are the Cleveland real estate market predictions? Cleveland has a record of being one of the best long-term real estate investments in the U.S. The Cleveland metropolitan area, or Greater Cleveland as it is more commonly known, is the metropolitan area surrounding the city of Cleveland in Northeast Ohio, United States.

Delving into the intricacies of the Cleveland-Elyria housing market, Zillow provides a comprehensive snapshot of the region’s real estate dynamics. As of October 31, 2023, the average home value in Cleveland-Elyria stands at a robust $215,810, representing a noteworthy 5.1% increase over the past year. This surge underscores the market’s resilience and positive growth trend.

Key Metrics and Insights

Several key metrics shed light on the current state of the Cleveland-Elyria housing market. Homes in this region typically go pending in an expedited 7 days, reflecting a high demand and swift transaction process. The median sale to list ratio, as of September 30, 2023, is a solid 1.000, indicating a balanced market where homes are generally sold at their listed prices.

Examining the sales landscape, 48.5% of sales in the same period were over the list price, indicating a competitive environment where buyers are willing to pay more to secure a property. Conversely, 38.0% of sales were under the list price, showcasing a balanced mix of competitive and negotiable transactions. These figures provide insights into the flexibility within the market.

Market Forecast for the Coming Year

Zillow’s 1-year market forecast for Cleveland-Elyria, as of October 31, 2023, predicts a 0.5% increase. While forecasts are subject to various factors, this modest yet positive projection suggests a continued upward trajectory for the housing market in the coming year.

Can the Market Crash?

The possibility of a market crash is a concern for many, especially considering historical precedents. However, based on the current data and Zillow’s forecast, there is no immediate indication of an impending crash in the Cleveland-Elyria housing market. The steady increase in home values, balanced sales ratios, and a relatively short time to pending transactions all contribute to a stable and resilient market.

It’s important to note that real estate markets are influenced by a multitude of factors, including economic conditions, interest rates, and local developments. While a crash cannot be ruled out entirely, the current data suggests a healthy and thriving Cleveland-Elyria housing market.

As always, individuals involved in the real estate market, whether buyers, sellers, or investors, should stay informed about evolving trends and consult with professionals to make well-informed decisions in this dynamic environment.

Cleveland Real Estate Investment Overview

Should you buy investment property in Cleveland? Looking for a home in Cleveland? These up-to-date Cleveland real estate statistics and trends will help you make smart investing decisions. You need to drill deeper into local trends if you want to know what the Cleveland market holds for the year ahead. We have already discussed the Cleveland housing market trends & forecasts for answers on why to put resources into this sizzling market. Cleveland is home to just under 400,000 people. The larger metropolitan area is home to roughly two million people.

That makes the Cleveland real estate market the 32nd largest in the country. If you include the Cleveland-Akron-Canton metro area, there are three and a half million people in the “combined statistical area”, making it the 15th largest metropolitan area in the United States. This century-old city was once a major manufacturing center. It is reinventing itself as a medical and BioMed hub. Home prices in Cleveland have been trending up 8.6% year-over-year.

As per the data from the real estate company called Neigborhoodscout.com, single-family detached homes are the single most common housing type in Cleveland, accounting for 46.56% of the city’s housing units. Other types of housing that are prevalent in Cleveland include duplexes, homes converted to apartments or other small apartment buildings ( 26.01%), large apartment complexes or high-rise apartments ( 20.51%), and a few row houses and other attached homes ( 6.23%).

Just four miles from Downtown Cleveland, the University Circle has long been a diverse and appealing mix of single-family homes and apartments. This area of the city has the flavor of a quaint college campus. Given that area amenities are within walking distance, there is a lot of foot and bike traffic, which lends to its charm. The area is one of the largest employment centers in the entire state. People in Cleveland primarily live in small (one, two, or no-bedroom) single-family detached homes.

Here are the top reasons to invest in Cleveland real estate.

• Top 10 Job Market for New College Graduates (CNN)
• Presence by 70% of Fortune 500 comp.
• More than 400 bioscience companies.
• Two new Amazon distribution centers.
• Over 120,000 healthcare professionals.
• Home to 27 area colleges & universities.
• Home to four professional sports teams.

Positive Demographic Trends

Cleveland’s population is stable at around 400,000 residents. It is doing a decent job of retaining its young people. Why is that something to bring up when discussing the Cleveland housing market? Because it is right next to Detroit, a city that has been shedding people for decades. The Cleveland real estate market is thus bolstered by steady to slow growth, though specific neighborhoods are seeing spikes in their valuations as new employers and attractions move in.

The Bright Future of Good-Paying Research Jobs

Cleveland has invested in healthcare and bio-science business accelerators like Bio-Enterprise and the Global Center for Health Innovation. They expect institutions like this to lead to new healthcare advancements provided first in Cleveland and in the hope that discovered drugs and technology will be manufactured in Cleveland. Investors can find affordable investment properties for development and either sale or rental to people working at these facilities. Cleveland’s Health-Tech Corridor is a prime place for high-tech companies, while the Cleveland real estate market is booming around these businesses.

Downtown Brownfield Re-Development

Cleveland is intentionally redeveloping several brownfield industrial sites to create multi-use properties. For example, the Terminal Tower is being turned into a combination shopping and entertainment district. The Cleveland Gateway project is going to turn 65 acres into a densely populated urban neighborhood, mixing multi-family housing with trails, a marina, and an urban park. If you can’t invest directly in this redevelopment project, note that single-family and multifamily housing stock around the new units will go up in value as new infrastructure is built.

Significant redevelopment is occurring along the thoroughfare running from East 55th Street to East 105th Street. Given that it is right off Interstate 490 and connects with downtown streets like Quincy and Chester Avenue, this is an excellent place to buy a property that is going to go up in value. When you know that better streets and traffic management along with improved public transit will go into an area, it is a safe bet for investing in the Cleveland real estate market.

The nucleus is another downtown redevelopment project that seeks to bring mixed-use real estate to depressed areas. The nucleus is centered around two million square feet of retail, residential, and office space, though there will be around 500 residential units. If you want to invest in the Cleveland real estate market, consider buying and rehabbing housing for those who will work in NuCleus but couldn’t get one of the apartments or condos.

University Circle & The Western Rim

University Circle is one of the hottest neighborhoods in Cleveland. It is seeing a wave of high-end condos and apartments. If you can find single-family rentals or multi-family housing in the vicinity, snap it up. These are among the most desirable properties in the Cleveland housing market. We know that when they were willing to turn a former Children’s Museum into an apartment building.

The Western Rim of Cleveland hasn’t been overlooked in the rush to redevelop downtown and the Biotech corridor. Projects worth an estimated 350 million dollars have been proposed or are actually under construction between West 25th and West 117th streets. A business incubator has been proposed for the Western Rim. The Cleveland housing market on the west side should see significant growth as new businesses pop up here. The luxury rentals built in the Near West Side are probably only the start of this area’s resurgence.

The Redeveloped Lakeshore

Cleveland sits on the southern shore of Lake Erie. Cleveland is redeveloping its long waterfront district. The fifty-year plan has already resulted in mixed-use development between West 3rd and East 18th streets. Redevelopment includes rehabilitating waterfront infrastructure like bridges, canals, and “made land”. Reinvented lakeside trails create desirable areas that will command a premium on the Cleveland real estate market. Euclid has already demonstrated this with their lakefront project and main waterfront park. Newly opened areas like the one created by the demolition of the FirstEnergy coal fire plant are to be seen as opportunities to reinvent the Cleveland real estate market.

A New Lease on Life for Old Buildings

The Cleveland housing market is so hot that they’re turning old commercial buildings into new residential spaces. A classic example of this is the former Huntington Bank Building; it is currently known as the 925 Building. The commercial building will be transformed into a mixed-use building with office space, retail space, a Hilton hotel, and 600 apartments.

Catering to the New Medical Talent

While there are Americans who worship Canada’s single-payer healthcare system, the reality is that millions of Canadians come to the United States each year. Some were denied care by their government, while many simply don’t want to wait months for a procedure, so they choose to pay cash at U.S. hospitals. Cleveland is building medical facilities to cater to these medical tourists. And these doctors, nurses and medical specialists are buying homes close to work, whether it is at the world-renowned Cleveland Clinic or the hospital down the street.

Another variation of this strategy is buying property in the Cleveland housing market that caters to medical school students. Case Western Reserve University and the Cleveland Clinic Lerner College of Medicine see many students from around the world who come to the area for one to five years to attend before leaving to practice elsewhere. (The Lerner College is a five-year tuition-free medical school).

Summary

If you are a home buyer or real estate investor, Cleveland real estate investment has a track record of generating one of the best long-term returns in the U.S. through the last ten years. Cleveland is a notable exception to the decline of the Rust Belt cities. It has managed to reinvent itself, shifting from classic manufacturing to biotech and medicine. In the process, it has maintained its population and has strong potential for growth both economically and demographically.

There are over 590 schools in Cleveland, OH. There are 238 elementary schools, 154 middle schools, 84 high schools, and 121 private & charter schools. There are over 105 neighborhoods in Cleveland. Some of the best neighborhoods in or around Cleveland, Ohio are Old Brooklyn, Parma, and Euclid. The Bay Village area is a highly desirable suburb of Cleveland, Ohio.

Cleveland Magazine rated it the number one suburb to nest in, citing low crime, increasing home values, and great schools. Bay Village retained these positive elements even during the recession. Tremont has a median listing price of $320K, making it the most expensive neighborhood. Mount Pleasant is the most affordable neighborhood, with a median listing price of $60K.

Here are the 10 highest appreciation neighborhoods in Cleveland since 2000 (List by Neigborhoodscout.com).

1. Central South
2. Central Southwest
3. Central East
4. Central
5. Downtown South
6. Ohio City South
7. Clark Fulton North
8. Ohio City
9. Tremont North
10. Tremont

Buying an investment property is different from buying an owner-occupied home. Our Cleveland investment properties are designed to make money as rentals, which means you must look at it solely as an income-producing entity just like any other business. These are “Turnkey Cash Flow Investment Properties” located in some of the best neighborhoods of Cleveland.

Whether you are a beginner or a seasoned pro you probably realize the most important factor that will determine your success as a Real Estate Investor is your ability to find great real estate investments. Buying in a market with increasing prices, low interest, and low availability requires a different approach than buying in a cooler market.

We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities. We can help you succeed by minimizing risk and maximizing profitability. We recommend asking for a FREE Strategy Session by clicking here. One of our investment specialists will get in touch with you to discuss all facets of searching for, buying, and owning a turnkey investment property.

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The information contained in this article was pulled from third-party sites mentioned under references. Norada Real Estate Investments provides no express or implied claims, warranties, or guarantees that the information is accurate, reliable, or current. All information should be validated using the below references. Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.

References

Market Data, Trends & Statistics
https://www.zillow.com/home-values/24115/cleveland-oh/
https://www.redfin.com/city/4145/OH/Cleveland/housing-market
https://www.neighborhoodscout.com/oh/cleveland/real-estate
http://www.freddiemac.com/research/indices/house-price-index.page
https://www.realtor.com/realestateandhomes-search/Cleveland_OH/overview
https://www.movoto.com/guide/cleveland-oh/cleveland-real-estate-market-trends

Lerner College
https://atlantisglobal.org/blog/2017/11/21/get-paid-in-medical-school-my-journey-to-the-cleveland-clinic-lerner-college-of-medicine

Brownfields / urban redevelopment
https://www.calthorpe.com/content/cleveland-gateway-redevelopment-plan

The Opportunity Corridor
http://www.freshwatercleveland.com/features/SevenProjects022317.aspx

University Circle
http://www.freshwatercleveland.com/features/SevenProjects022317.aspx

Waterfront
http://planning.city.cleveland.oh.us/lakefront/cpc.html
https://www.cleveland.com/architecture/index.ssf/2017/11/euclid_close_to_building_lakef.html
http://www.news-herald.com/lifestyle/20170602/clevelands-lakefront-parks-are-stable-flourishing

The Western Rim
http://www.crainscleveland.com/article/20170507/news/170509850/clevelands-western-rim-embarks-development-boom

Biomedical hubs and hospitals
http://www.theglobalcenter.com/about-us
https://newsroom.clevelandclinic.org/2018/07/11/luye-medical-collaborates-with-cleveland-clinic-to-pioneer-value-based-healthcare-in-china