Description
Need a good bang for you buck? Look no further than 1331 E 88th! Located in the upcoming Hough neighborhood, this spacious 5bd/2.5ba property with 1,750+ sq ft, is ideal for group home, shared housing, or long-term rental use. Currently tenant (month to month) occupied at $1,200/month with tenant paying all utilities. Property meets 1% rent rule and can easily exceed with market rents projected at $1,800–$2,200 (CMHA $2599). Vinyl windows and mechanicals installed in 2022 and fresh paint and carpet in 2025. 8% cap rate makes this an easy win! Great opportunity for investors seeking cash flow with appreciation potential. Perfect home for large families and pet owners as a large fenced in backyard completes the exterior. Close to bus lines and public transit. Less than 5 minutes from University Circle, Cleveland Clinic, UH, and CWRU and 12 mins to Downtown. Call for a private tour today before this turnkey opportunity is gone!
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5BEDS
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0.1ACRES
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2BATHS
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11/2 BATHS
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1,758SQFT
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$67$/SQFT
Listing information © 2026 YES-MLS.
Description
Need a good bang for you buck? Look no further than 1331 E 88th! Located in the upcoming Hough neighborhood, this spacious 5bd/2.5ba property with 1,750+ sq ft, is ideal for group home, shared housing, or long-term rental use. Currently tenant (month to month) occupied at $1,200/month with tenant paying all utilities. Property meets 1% rent rule and can easily exceed with market rents projected at $1,800–$2,200 (CMHA $2599). Vinyl windows and mechanicals installed in 2022 and fresh paint and carpet in 2025. 8% cap rate makes this an easy win! Great opportunity for investors seeking cash flow with appreciation potential. Perfect home for large families and pet owners as a large fenced in backyard completes the exterior. Close to bus lines and public transit. Less than 5 minutes from University Circle, Cleveland Clinic, UH, and CWRU and 12 mins to Downtown. Call for a private tour today before this turnkey opportunity is gone!
Listing information © 2026 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Jess Nader Team | REMAX CROSSROADS are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2026-03-17T11:07:50.08.