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16029 Friend Avenue, 
Maple Heights, OH 44137

$139,400


3

Beds


1

Bath


950

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Scott A Marvin

Team Results Realty

614-382-2124

Last updated:

September 3, 2026, 03:43 AM

MLS#

5241544

Source:

OH NORMLS

About This Home

16029 Friend Avenue

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!

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1923

Subdivision & Development:

Friend

Price Summary

139,400

$146 per Sq. Ft.

MLS #:

5241544

Last Updated:

September 3, 2026, 03:43 AM

Added:

a day ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

950 Sq. Ft.


Structure

Structure

Building Area:

950 Sq. Ft.

Year Built:

1923


Lot

Lot Size (Sq. Ft):

5,919


Finances & Disclosures

Finances

Price:

$139,400

Price per Sq. Ft:

$146 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.