1268 E 169th Street Cleveland, OH — $135,000

1268 E 169th Street | Cleveland

ATTENTION INVESTORS: BRICK CASH COW IN THE WATERLOO ARTS DISTRICT. This solid brick home at 1268 E 169th St sits in Cleveland\u2019s 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 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\u2013$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\u2014ask about additional stabilized voucher properties and transferable marketing photos/renders for your future listings. Easy to show. MLSNow 5220174 Directions to property: OH-2 E/State Rte 2 E from W 3rd St\r\n3 min (0.8 mi)\r\n\r\n\r\nTake I-90 E to S Waterloo Rd. Take exit 180B from I-90 E\r\n7 min (7.4 mi)\r\n\r\n\r\nContinue on S Waterloo Rd. Take Villaview Rd to E 169th St