15018 Terrace Road East Cleveland, OH — $149,900

15018 Terrace Road | East Cleveland

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 \u002B 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\u2019s most promising markets. The home\u2019s 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\u2019s 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\u2019s 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\u2019s broader transformation. This isn\u2019t just a property it\u2019s a cornerstone investment in the next chapter of East Cleveland\u2019s 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!!! MLSNow 5162885 Directions to property: West on N Taylor, South on Terrace Road, Corner of Oakhill Road and Terrace Road on the Hill.