15018 Terrace RD Active Save Request In-Person Tour Request Virtual Tour
East Cleveland,OH 44112
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,403 sqft
Price per Sqft $44
Subdivision Charles E Boltons Grasmere Add
MLS Listing ID 5162885
Style Colonial
Bedrooms 7
Full Baths 3
Half Baths 2
Construction Status Fixer
HOA Y/N No
Abv Grd Liv Area 3,403
Total Fin. Sqft 3403
Year Built 1925
Annual Tax Amount $2,314
Tax Year 2024
Lot Size 0.557 Acres
Acres 0.5568
Property Sub-Type Single Family Residence
Property Description
A RARE OPPORTUNITY to own a property perfectly positioned in the heart of a city undergoing an undeniable renaissance. This stately 7 bedroom, 3.5-bath Colonial boasting over 3,400 + sq/ft of potential on a deep half-acre lot, making it a dream project for a savvy investor seeking value in one of Greater Cleveland's most promising markets. The home's timeless exterior and generous footprint evoke classic Cleveland architecture, while its size and structure allow for multiple income-producing configurations whether as a spacious single-family restoration, duplex/triplex conversion, or even a live-work creative space. The large parcel provides plenty of room for expansion, future ADU development, or enhanced outdoor amenities that can transform this into a true showpiece property. Beyond its strong bones and impressive scale, the location is TRULY SPECIAL. East Cleveland is in the midst of a revitalization, fueled by major investments and redevelopment projects spreading from Circle East, University Circle, Glenville, and Circle North. With its proximity to University Circle's hospitals, museums, and cultural institutions, this address stands at the gateway to both opportunity and appreciation. For investors with vision, this home represents the chance to participate in East Cleveland's comeback story. Its generous layout and half-acre lot provide unmatched flexibility ideal for repositioning into high-end rentals, multifamily housing, or a signature renovation project that sets the tone for the neighborhood. With proper upgrades, this Colonial can deliver strong returns while contributing to the city's broader transformation. This isn't just a property it's a cornerstone investment in the next chapter of East Cleveland's growth. Schedule your showing today and seize the opportunity to be part of the movement. Buyer to assume POS Violations. Property sold AS IS. Seller to review all reasonable offers!!!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Interior Features Bookcases,Built-in Features,Ceiling Fan(s),Entrance Foyer,High Ceilings,Sauna
Heating Hot Water,Radiator(s),Steam
Cooling Ceiling Fan(s),Window Unit(s)
Fireplaces Number 1
Fireplace Yes
Laundry In Basement
Exterior
Parking Features Driveway,Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt
Porch Enclosed,Patio,Porch
Garage true
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Two
Construction Status Fixer
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 673-25-012
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional