1507 E 108th Street

Welcome to 1507 E 108th St – A Classic Colonial in an Unbeatable Location Just Blocks from University Circle! This beautiful colonial blends timeless charm with generous living space and exceptional investment potential. Currently operated as housing for university students with excellent, consistent above-market rents and fully occupied, this property offers immediate income while also presenting strong future owner-occupancy possibilities. Step onto the welcoming front porch and into a gracious foyer highlighted by stunning leaded glass sidelights. The foyer opens to an expansive living room filled with natural light, showcasing beautifully refinished hardwood floors and a striking sandstone fireplace that creates a warm and inviting focal point. The living room flows seamlessly into the spacious formal dining room—ideal for hosting gatherings or accommodating larger groups. The updated kitchen combines character and functionality with updated cabinetry, rich wood countertops, charming shiplap accents, and hardwood flooring. A convenient half bath completes the first floor. Upstairs, the second floor features four generously sized bedrooms with hardwood flooring and an updated full bath. The finished third floor expands the living space even further with three additional bedrooms and a second full bathroom—perfect for maximizing rental income or flexible living arrangements. The full basement is currently unfinished and includes the laundry area with washer and dryer (2025), offering abundant storage and future finishing potential. Recent major updates provide added peace of mind, including a new furnace (2024), refinished first-floor hardwoods, and a roof replaced in 2018. Whether you’re expanding your investment portfolio or securing a spacious property in one of Cleveland’s most desirable neighborhoods, this colonial delivers character, strong rental history, and immediate income potential. Don’t miss this exceptional opportunity!