Home for Sale at 16029 Friend Avenue in Maple Heights, OH for $144,000

Listing data updated March 3, 2026 - 11:07am
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16029 Friend Avenue | Maple Heights

$144,000 | 3 Beds | 1 Baths (1 Full) | 950 Sq. Ft.

ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW \u2014 $1,550/MO WITH UPSIDE BUILT IN\r\n\r\nHard to find a fully rehabbed, stabilized Maple Heights rental like this \u2014 currently rented at $1,550/mo through CMHA Section 8 with 100% of rent paid by the government (no tenant portion). The home is currently rented well below true market rents for this special Maple Heights zip code, which pays more than many surrounding cities, and could command significantly more with either a new tenant or an approved rent increase that has just been submitted to Section 8. The tenant is cooperative, happy, moving to month-to-month, and the new owner has plenty of flexibility to either keep her in place at an under-market rate or reposition to full market rents over time.\r\n\r\nMaple Heights in general is an extremely high-demand rental city, and this particular street is even more desirable \u2014 a fairly quiet, clean block in an ideal location that helps units rent fast and stay full. Property is fully rehabbed and investor-ready. Turnkey. Recent improvements include brand-new vinyl dual-pane windows, new appliances, fresh paint throughout, refinished flooring, and an updated basement \u2014 major CapEx already handled. Nothing left to do but collect strong cashflow now while you decide how aggressively you want to push the upside.\r\n\r\nHIGH DSCR at list price and a solid long-term hold in a market that consistently commands strong rents. Great location, great numbers, and a clean setup that works well for both first-time and scalable portfolio investors. Quality remodel. Lead-based paint testing completed and passed; report available upon request. Fully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO \u2014 INQUIRE FOR INFORMATION ON OTHER LISTINGS. Do not disturb tenants. 48-hour notice typically required for showings. **Showings only after accepted offer.** MLSNow 5190372

Directions to property: Head toward Maple Heights Blvd\r\n0.4 mi\r\n\r\nTurn left onto Friend Ave

MLS Listing ID: 
MLSNow 5190372
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$144,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Residence
Primary Market Area: 
Maple Heights
Address: 
16029 Friend Avenue, Maple Heights, OH 44137
County: 
Cuyahoga
Latitude: 
41.4197210
Longitude: 
-81.5690160
Directions: 
Head toward Maple Heights Blvd\r\n0.4 mi\r\n\r\nTurn left onto Friend Ave
Public Remarks: 
ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW \u2014 $1,550/MO WITH UPSIDE BUILT IN\r\n\r\nHard to find a fully rehabbed, stabilized Maple Heights rental like this \u2014 currently rented at $1,550/mo through CMHA Section 8 with 100% of rent paid by the government (no tenant portion). The home is currently rented well below true market rents for this special Maple Heights zip code, which pays more than many surrounding cities, and could command significantly more with either a new tenant or an approved rent increase that has just been submitted to Section 8. The tenant is cooperative, happy, moving to month-to-month, and the new owner has plenty of flexibility to either keep her in place at an under-market rate or reposition to full market rents over time.\r\n\r\nMaple Heights in general is an extremely high-demand rental city, and this particular street is even more desirable \u2014 a fairly quiet, clean block in an ideal location that helps units rent fast and stay full. Property is fully rehabbed and investor-ready. Turnkey. Recent improvements include brand-new vinyl dual-pane windows, new appliances, fresh paint throughout, refinished flooring, and an updated basement \u2014 major CapEx already handled. Nothing left to do but collect strong cashflow now while you decide how aggressively you want to push the upside.\r\n\r\nHIGH DSCR at list price and a solid long-term hold in a market that consistently commands strong rents. Great location, great numbers, and a clean setup that works well for both first-time and scalable portfolio investors. Quality remodel. Lead-based paint testing completed and passed; report available upon request. Fully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO \u2014 INQUIRE FOR INFORMATION ON OTHER LISTINGS. Do not disturb tenants. 48-hour notice typically required for showings. **Showings only after accepted offer.**
Community Information
School District: 
Maple Heights CSD - 1818
Subdivision: 
Friend
Building Details
Details about the building on a property.
Architectural Style: 
Traditional
Stories: 
2
Year Built: 
1923
Living Area: 
950
Basement: 
Full
Construction
Construction Materials: 
Brick,Vinyl Siding
Foundation Details: 
Block
Roof: 
Shingle
Porch: 
Patio
Room Details
Details about the rooms in the building.
Total Rooms: 
5
Total Bedrooms: 
3
Total Bathrooms: 
1
Total Full-Bathrooms: 
1
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.14
Lot Size (Area): 
0.14
Lot Features
Parking Type: 
Detached,Garage
Additional Details
Appliances: 
Range,Refrigerator
Public Record
Parcel Number: 
781-06-021
Annual Tax: 
$2,492.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Scott A Marvin
Listing Office Name: 
Team Results Realty

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