Cleveland, OH Real Estate Search

Cleveland, OH Homes under $200,000 for Sale

Our website features the best real estate search for under $200,000 homes available in Cleveland, OH and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in the Cleveland, OH real estate market? Sign up for a  Cleveland, OH Real Estate Market Report to see what’s active, under contract, and sold!

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Newest Cleveland, OH Homes under $200,000 for Sale

$149,999
5 Beds 1 Baths 5241788 MLS
Excellent turnkey investment opportunity for an investor looking to add a strong, income-producing property to their portfolio! This spacious single-family home offers 5 bedrooms and 1 bathroom, providing a desirable layout with plenty of room for comfortable everyday living. The interior has been refreshed with fresh paint and new luxury vinyl plank flooring throughout, creating a clean, modern, and low-maintenance finish. The large updated kitchen is a standout feature, offering new cabinetry, butcher block countertops, stainless steel appliances, and ample workspace and storage. The bathroom has also been thoughtfully renovated with new tile flooring, a tiled tub surround, new vanity, and updated fixtures and accessories, giving the home a fresh and contemporary feel. From an investment standpoint, the property is positioned to provide immediate cash flow. A tenant is scheduled to move in on September 9, 2026 under a one-year lease at $1,700 per month, allowing the new owner to benefit from established rental income. Conveniently located in Cleveland, the property is just minutes from Luke Easter Park, Ludlow Early Learning Center, Fernway Elementary School, Batuqui Brazilian Restaurant, and Select Specialty Hospital – Cleveland Fairhill, and easy access to major roads, public transportation, shopping, schools, parks, restaurants, healthcare facilities, and other everyday amenities. The property also presents a future Section 8 opportunity, with a CMHA rent standard of approximately $2,150. Full-service property management is available, including dedicated leasing, marketing, and tenant communication departments, along with rehab and construction services for remote investors. With its spacious layout, recent updates, and incoming tenant already secured, this property presents an attractive opportunity for investors seeking a turnkey rental with immediate income potential and long-term value! No wholesalers, seller financing, or low-ball offers.

3241 E 116th Street, Cleveland

$132,400
2 Beds 2 Baths 5241610 MLS
ATTENTION INVESTORS: $1,403/MO RENTED CASH COW! HUGE RETURNS IN THE UPSCALE WATERLOO ARTS DISTRICT! This solid brick home sits in Cleveland?s rapidly revitalizing Waterloo Arts corridor, surrounded by rising property values, growing owner-occupancy, and walkable access to galleries, restaurants, nightlife, and the iconic Waterloo Theatre. Already rented through CMHA Section 8 at $1,403/month?$16,836 in annual gross rental income! The property may generate even more income through EDEN, which provided a written rent offer of $1,650/month. MASSIVE DSCR POTENTIAL?DO THE MATH! COMPLETELY REMODELED, TURNKEY, AND LEAD-PAINT TESTED AND PASSED! Major capital expenses are already covered, including a brand-new entry roof (September 2026), brand-new furnace (August 2026, never used), new stainless-steel refrigerator and stove, new vinyl windows, new carpet, refinished basement, updated lighting, new ceiling fans, complete interior repaint, exterior painting, and a new Chamberlain Wi-Fi garage-door opener. Additional features include a comfortable front porch tenants love, covered rear porch, huge fenced backyard, long private driveway, garage+opener, new windows with excellent natural light, and durable, low-maintenance brick construction. A city-owned vacant lot next door provides extra privacy, better natural light, and the feel of a larger side yard. Lead testing has passed, the report is available, and final certification from the City of Cleveland is pending making this a compliance-ready, inspection-friendly asset for housing-authority programs. Close to higher-rent Euclid while remaining in lower-tax Cleveland--the best of both worlds! Part of a larger Section 8 portfolio. Ask about additional stabilized voucher properties.

1268 E 169th Street, Cleveland

Start Your Search

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
IDX information is provided exclusively for consumers' 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 provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 MLS Now. All Rights Reserved.