Sales comparison approach using recent sales in the Euclid-Green neighborhood. Adjusted for size, condition, and market trends.
Spacious 5-Bed Cape Cod with Finished Basement and Garage
This classic Cape Cod at 16705 Hillsboro Road presents a rare combination of generous room count and clear upside in Cleveland’s Euclid-Green neighborhood. Built in 1957, the 1.5-story house offers 2,212 square feet with five bedrooms, original hardwood floors that run through the main rooms, an eat-in kitchen, and a finished lower level that expands usable living space for family living or rental unit conversion. The detached garage and driveway provide parking for multiple vehicles on a level 0.193-acre lot.
Touring the interior, you notice intact mid-century details and a layout that rewards selective updating: a full bathroom serving the five bedrooms, large common rooms, and a basement finished to accommodate a rec room or home office. Mechanical systems include forced-air gas heating; the property currently has no central air, which is a practical renovation item for modernizing the home. Condition is described as average—functional, with clear opportunities for value-adding improvements.
Outside, the property sits on a standard residential frontage along Hillsboro Road, close to local employers and green spaces. Nela Park is only 0.2 miles away and Euclid Creek Reservation about 1.5 miles, giving easy access to trails and open space. The detached garage and additional driveway parking make the site flexible for owner-occupants or investors planning multi-tenant configurations.
From an investment perspective, recent local sales and rental comps support strong rental yield potential: rent estimates are about $1,600–$1,650/month with a rent-per-square-foot benchmark near $0.73 and a gross rental yield above 20% on current valuations. The home sold in August 2025 for $60,000 and current valuation analysis places a midpoint near $92,500, while neighborhood median sale price sits near $105,000. With the area showing modest appreciation over five years and signs of neighborhood revitalization, this property is well-positioned for investors or buyers willing to renovate and capture near-term upside.
Vacant and easy to show, 16705 Hillsboro Road is a hands-on opportunity: preserve the character where it shines, upgrade systems and finishes where needed, and market the location—close to Nela Park and Euclid Creek—for tenants or families seeking affordable space in Cleveland. Buyers should verify condition, title, and local zoning prior to purchase; contact the listing agent to schedule a tour and discuss renovation pathways and rental projections.
See the properties helping shape the valuation.
Comparable sales
- 88 SF larger
- 1 additional bedroom
- 1 additional bathroom
- Similar lot size
- Same year built
- 38 SF larger
- 0.5 additional bathrooms
- Similar lot size
- 1 year newer
- 12 SF smaller
- 1 fewer bedroom
- Similar lot size
- 1 year older
A 1957 cape cod on 0.19 acres.
Building
Site & utilities
Euclid-Green
Researched nearby locations
Location
16705 Hillsboro Road, Cleveland, OH 44112
Euclid-Green is a residential Cleveland neighborhood showing gradual revitalization and proximity to notable assets. The area benefits from being within walking distance of Nela Park and a short drive to Euclid Creek Reservation for outdoor recreation. Local demographics indicate a stable population and modest income growth; many buyers are drawn to the affordability and renovation potential of older homes here. Residents have relatively easy access to University Circle's cultural institutions within a short drive, while neighborhood retail and services are primarily accessed by car. The community is served by Cleveland Municipal School District schools, and buyers frequently weigh school options alongside renovation strategies when evaluating properties.
Very good access to outdoor recreation with Nela Park 0.2 miles away and Euclid Creek Reservation about 1.5 miles out, offering trails and open space for walking, biking, and nature outings.
A factual market snapshot around 16705 Hillsboro Road.
The current market around Euclid-Green is favoring buyers while showing measured signs of recovery. Inventory sits at roughly 3.2 months—lean but not tight—producing an average of about 54 days on market. Median sale price for the area registers near $105,000, with 1-year appreciation around 5% and a five-year gain near 15%, indicating steady, incremental demand rather than speculative volatility. Recent nearby sales of similar Cape Cod homes sold between approximately $62k and $69k, while the subject property’s valuation midpoint is estimated at $92,500. Single-family offerings in this corridor perform well for investors who target renovations: rental comparables support monthly rents around $1,600–$1,650 and a rent-per-square-foot near $0.73, delivering attractive gross yields in the low 20% range on current pricing assumptions. Given the buyer’s market dynamics—moderate inventory, average DOM near two months, and steady appreciation—now is an opportune time for investors or owner-occupiers looking to add value through targeted updates. Buyers should, however, factor in rehab costs, potential upgrades like central air, and local school ratings when modeling long-term returns. Overall, this is a pragmatic market for hands-on buyers who can reposition properties to capture rental demand and neighborhood upscaling.
Single-Family Residential
Zoning
Research-indicated uses
- Single Family
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 88 SF larger
- 1 additional bedroom
- 1 additional bathroom
- 38 SF larger
- 0.5 additional bathrooms
What the research supports — and what is still worth verifying.
Key findings
- Property last sold in August 2025 for $60,000
- Assessed value in 2024: $18,240
- Located 0.2 miles from Nela Park
- Average days on market in area: 54 days
- Median sale price in neighborhood: $105,000
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm ownership details through title search
- Assess property condition and renovation needs
- Verify zoning restrictions and allowable uses
- Obtain recent comparable sales data for accurate valuation
- Evaluate rental market conditions for income potential
What stands out about this property.
Interior Features
- 5 bedrooms
- 1 full bathroom
- Original hardwood floors in main living areas
- Eat-in kitchen
- Finished basement providing extra living or rental space
- Forced-air gas heating
- 1.5 stories (Cape Cod layout)
Exterior & Lot
- Detached garage with additional driveway parking (estimated 4 spaces)
- Level 0.193-acre lot (8,398 sq ft)
- Asphalt roof
- Standard residential frontage on Hillsboro Road
- Detached garage and driveway access
Location & Neighborhood
- Euclid-Green neighborhood, Cleveland
- 0.2 miles to Nela Park
- 1.5 miles to Euclid Creek Reservation
- Approximately 4 miles to University Circle cultural and medical amenities
- Cleveland Municipal School District
Walkability & Recreation
- Walkability Rating: 30/100 — Car-Dependent
- Nearby parks and green spaces: Nela Park (0.2 mi), Euclid Creek Reservation (1.5 mi)
- Hiking and biking trails within Euclid Creek Reservation (about 1.5 miles)
- Running/walking paths along Euclid Creek corridor
- Community recreation access through nearby city parks
Sources & research confidence.
See where the property research came from and how confidence varies by field.