5614 Drake Avenue Cleveland, OH 44127

Residential - Single Family MLS 5196211 Sold
Closed 91000
  • 5614 Drake Avenue , Cleveland, OH 44127 Photo 1
1/1 Fullscreen
4 beds 1 full baths 1,724 sqft

Listed By

Agency Name: Keller Williams Living
Agency Phone: 440-318-1620

Shown By

Agent Name: Steve Neisel
Agent Phone: (330) 323-4979
Agency Title: Cutler Real Estate

Contact Steve Neisel About This Property

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Property Description

Welcome to this fully updated 4-bedroom, 1-bath home in Clevelandâ??s 44127, offering a simple, move-in-ready opportunity for both homeowners and investors. The home has been refreshed throughout with fresh paint, updated flooring, a remodeled kitchen and bathroom, and key mechanical updates, giving it a clean, comfortable feel from the moment you walk in. With four bedrooms, thereâ??s plenty of space for everyday living, working from home, or accommodating guests. From a rental standpoint, this property makes sense. The area continues to see steady demand for updated homes, and with a rent potential around $1,514 per month, it offers a solid opportunity for consistent income. It also aligns well with Section 8 (Housing Choice Voucher) demand, providing another path for reliable tenant placement and long-term stability. The location adds to the appeal. 44127 offers convenient access to local restaurants, shopping, and major highways, making it easy for tenants and homeowners alike. With continued interest and gradual reinvestment happening across nearby east-side neighborhoods, this is a property that offers both immediate value and future upside.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Unfinished
Cooling: None
Days on Market: 47
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.10 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $1,910 / year
Year Built: 1890

Feature Descriptions

Exterior: Aluminum Siding, Asphalt, Other, Plaster, Wood Siding
Parcel#: 125-24-040
Parking: None
Parking Notes: None
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Source: Delta Media Group, Inc.

Demographics

Cuyahoga County Demographic Information for
Fips
Fips Code 39035
Population
2020 to 2025 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2025 Estimate (V2025) 1,232,925
2020 Estimate (V2025) 1,264,775
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.1%
18 to 64 54.2%
65 and Older 20.5%
Gender
Male 48.0%
Female 52.0%
Place of Birth
Foreign 7.7%
US 92.3%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 36.5%
Computer and Internet use
Households with a computer 94.0%
Households with a broadband Internet subscription 89.5%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 54,264
Income
Per Capita Income $42,747
Median Household Income $64,468
People in Poverty 14.9%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 554,551
Average Household Size 2.20
Owner-Occupied 59.4%
Multi-Family 34.9%
Owner-Occupied Median Value $195,400
Median selected monthly owner costs -with a mortgage $1,570
Median selected monthly owner costs -without a mortgage $671
Median gross rent $1,060
Building Permits
New Private Housing Issued 2024 1,685
Years at Residence
1 Year or More 86.7%
Less Than 1 Year 13.3%
Business and Employment
Private non-farm Establishments 31,496
Private non-farm Employment 681,543
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 110,977
Number of Firms 23,160
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 728.50 per month $538.74 Principal & Interest $159.17 Property Tax $30.60 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage

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