This early-20th-century colonial at 9323 Easton Avenue offers a compact, traditional layout and clear value-add potential. Built in 1900, the property provides approximately 1,075 square feet of living area on a 4,970 sq ft lot in Cleveland’s Union-Miles Park. The home was acquired through a foreclosure sale in January 2026 and is currently recorded as vacant, presenting an opportunity for investors or owner-occupants willing to manage renovation work.
The house is a two-story frame construction with a slate, gabled roof and wood exterior. Documented interior and building features include three bedrooms, one bathroom, a full unfinished basement, and forced-air gas heating; there is no central cooling. On-site parking is a single-car driveway and the lot has roughly 35 feet of frontage on Easton Avenue. The assessor and research records list the property condition as fair and note that the property will likely require renovation to reach full market potential.
Financial and regulatory details are straightforward in support materials: the assessed total value is $11,130 with annual property taxes of $1,597, and the parcel is zoned 2F (Two-Family Residential), which allows single-family or two-family use subject to local requirements. Sales-comparison valuation in the research places an estimated market range between $65,000 and $75,000 (midpoint $70,000), based on recent nearby sales. Comparable sales within roughly half a mile show recent closings from $58,000 to $89,000, reflecting variation in size and condition across the block.
For investors, rental-model assumptions in the research estimate roughly $800 per month (rent per sf ~ $0.74) with a reported gross rental yield around 13.7%. Nearby rental comps show recent monthly rents of $975 and $1,100 for similar three-bedroom units. The broader market context is described as a buyer’s market with a median sale price in the area of $72,000, average days on market near 55, and modest appreciation noted over recent years. Required next steps documented in the audit include confirming lot boundaries, verifying roof and foundation condition, assessing renovation costs, confirming zoning allowances for any two-family conversion, and a professional home inspection before acquisition or rehab decisions.