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Street View
$139,400
Monthly Est:$694
3 Beds
1 Bath1 full bath
950sqft
16029 Friend Ave, Maple Heights, OH 44137
$139,400
$694/moEst:
Get Pre-Approved
Single Family Residence
Built in 1923
$-- HOA
0.14 acre lot
$147/sq.ft
Description
ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW — RENTED AND CASHFLOWING FROM DAY ONE! $1,680/MO WITH UPSIDE.
POS CLEAR!
Fully rehabbed, stabilized Maple Heights rental at 16029 Friend Ave, currently rented with long term renter at $1,680/mo through CMHA Section 8 (100% of rent paid by the government).
$20,168 PROJECTED ANUAL RENT!! CASH COW!
MASSIVE DSCR RATIO! Do the math!
Even at $20k/year currently, the property remains well under true market potential for this zip code (CMHA 2026 FMR for this zipcode is $2,339/mo). Tenant is on a month to month lease giving a new owner flexibility to either retain tenant (excellent cooperative tenant) or re-rent at a higher rate either via future CMHA adjustments or by re-tenanting at updated program/market rates.
Quiet Maple Heights suburbia street.
Recent improvements include brand new vinyl dual-pane windows, new stainless appliances, fresh paint throughout, refinished flooring, and an updated basement, with major CapEx already handled so the focus can stay on income and strategy rather than heavy repairs. Turnkey, rent-stabilized, and low-maintenance, this asset offers high DSCR at the right price and works equally well for first-time investors or those scaling a Section 8 portfolio.
LEAD BASED PAINT TESTED !
Comes with cashflowing tenancy and strong transferrable owner lease.
Part of a larger stabilized Section 8 portfolio—ask about additional properties. Do not disturb tenants; 48-hour notice is typically required for showings, often after accepted offer.
HOUSE IS POS VIOLATION FREE! CLEAR POS, NO POS ESCROW REQUIRED.
Tenant pays ALL UTILITIES except water! Any staged photos are computer-generated and can be shared with buyer upon a successful sell for later use. Brand new stainless steel refrigerator and range included. Property is sold unfurnished. Government pays 100% of monthly rent!
- Houzeo last checked: 6 minutes ago
- Listing updated: November 2, 2026 at 5:11 pm
- Listing Provided by: Scott A Marvin (614) 382-2124 DRE #2018003245 | Team Results Realty (614) 382-2124
- Source: MLS Now-OH | MLS#: 5241544
Property Details
Status
Pending
Type
Single Family Residence
No. of Stories
2
County
City
Neighborhood
--
Year Built
1923
HOA Fees
-
Finished Area
950 sqft
Lot Size
0.14 acre lot
Basement Area
- sqft
MLS Name
MLS Now
MLS Number
5241544
MLS Status
Pending
Days on Market
62
Cumulative Days on Market
48
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathroom: 1
Interior
Appliances
Range, Refrigerator
Heating
Forced Air, Gas
Cooling
None
Window Features
Double Pane Windows
Sewer
Public Sewer
Construction
Year Built
Year Built: 1923
Home type
Single Family Residence
Construction Materials
Aluminum Siding, Vinyl Siding
Architectural Style
Traditional
Roof
Fiberglass, Shingle
Foundation Details
Block
Utilities & Energy
Parking Features
Detached, Garage
Fireplace Features
Wood Burning
Water Source
Public
Basement
Full
Other Features
Subdivision Name
Friend
Patio And Porch Features
Patio
Price History
| Date | Event | Price |
|---|---|---|
11/02/2026 Source: | Pending | $139,400 -3.19% $147/sqft |
03/03/2026 Source: | Listed for Sale | $144,000 +5.88% $152/sqft |
03/03/2026 Source: | Off Market | $136,000 +43.16% $143/sqft |
08/30/2024 Source: | Price Decreased | $95,000 -9.52% $100/sqft |
07/03/2024 Source: | Sold | $105,000 +25.75% $111/sqft |
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Based on information from the Board/Association of REALTORS® (alternatively, from the Service) through Nov 04, 2026, 03:00AM. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings held by brokerage firms other than Houzeo are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. Houzeo participates in MLS Now IDX program, allowing us to display other IDXP’s’ listings on our website. However, Houzeo does not display the entire MLS Now IDX database on this website. The listings of some real estate brokerage firms have been excluded. The photos may be altered, edited, enhanced or virtually staged. © 2026 Multiple Listing Service, Inc. All Rights Reserved
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