Property listing for 16705 Hillsboro Road, Cleveland, OH 44112
For SaleSingle Family Home

$92,500

16705 Hillsboro Road, Cleveland, OH 44112

Spacious 5-Bed Cape Cod with Finished Basement and Garage

5 Bed · 1 Bath · 2,212 Sq Ft

Investment-ready Cape Cod in Euclid-Green steps from Nela Park

5

Beds

1

Baths

2,212

Sq Ft

1957

Built

0.193 acres

Lot

Detached garage

Garage

About 16705 Hillsboro Road

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.

Home Highlights

5-bedroom Cape Cod with finished basementOriginal hardwood floors preservedDetached garage plus driveway parkingVacant — easy to showStrong rental estimate: ~$1,621/monthValuation midpoint: $92,500 — upside with renovations

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Shaw High School

High

2/10

Heritage Middle School

Middle

3/10

Euclid Park Elementary School

Elementary

4/10

Walkability & Recreation

30
Walkability
72
Recreation

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.

Investment Highlights

  • Spacious 5-bedroom layout with finished basement
  • Located in Euclid-Green neighborhood experiencing revitalization
  • Proximity to Nela Park and Euclid Creek Reservation
  • Potential for rental income in a growing market
  • Steady appreciation trends over the past five years

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

Things to Consider

  • Schools in the area have below-average ratings
  • Property may require updates to meet modern standards
  • Limited cooling system; no central air conditioning
  • Potential for higher property taxes as area appreciates

Opportunity Analysis

Spacious Cape Cod home in a revitalizing neighborhood offers strong rental potential and long-term appreciation prospects.

Potential Use Scenarios

  • Renovate to modern standards to attract quality tenants
  • Leverage proximity to parks and amenities in marketing
  • Monitor local market trends for optimal timing of resale

Risk Factors

  • Potential need for significant renovations
  • Local schools' low ratings may deter family tenants
  • Market appreciation may be gradual

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$70K

Midpoint

$93K

High

$115K

$42/SF estimated price per square foot

75% confidence

Sales comparison approach using recent sales in the Euclid-Green neighborhood. Adjusted for size, condition, and market trends.

As of 2026-03-06

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$105,000
Avg Days on Market54 days
Inventory3.2 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$45,000

Stable population with modest income growth. Neighborhood experiencing gradual revitalization efforts.

Nearby Points of Interest

  • Nela Park (0.2 mi)
  • Euclid Creek Reservation (1.5 mi)
  • University Circle (4 mi)

Proximity to Nela Park and Euclid Creek Reservation offers recreational opportunities. University Circle provides cultural and educational amenities within a short drive.

School District

DistrictCleveland Municipal School District
ElementaryEuclid Park Elementary School (4/10)
MiddleHeritage Middle School (3/10)
HighShaw High School (2/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1957
Constructionwood frame
Stories1.5
Roofasphalt
Heatingforced air gas
Coolingnone
Basementfinished
FireplaceNo
Conditionaverage

Lot & Site

Lot Size0.193 acres (8,398 SF)
Topographylevel
Parkingdetached_garage_and_driveway
Parking Spaces4
FrontageStandard residential frontage on Hillsboro Road

Utilities

Watermunicipal
Sewermunicipal
ElectricFirstEnergy
GasDominion Energy

Zoning & Land Use

Zoning CodeR1-2
DescriptionSingle-Family Residential
JurisdictionCity of Cleveland

Allowed Uses

single familyhome occupation
Current Useresidential
Assessor UseSingle-Family Dwelling

Tax & Sale History

Tax Assessment

Total Assessed$18,240
Land$4,830
Improvements$13,410
Annual Tax (2024)$1,220

Sale History

2025-08-06$60,000

$27/SF

Public record sale

2020-06-12$30,900

$14/SF

Public record sale

2006-11-07$35,000

$16/SF

Public record sale

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