Real Estate Investment Properties for Sale in Cleveland, AL

Looking for investment property in Cleveland, AL with high ROI ?

Explore a variety of short-term homes & houses in Cleveland, AL. Invest wisely with VRBO & Cleveland, AL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Cleveland, AL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
61616 Highway 231 CLEVELAND, AL Back on Market- Brand new stainless steel appliances, new flooring and fresh paint in a sp...	3 beds \| 2 baths \| 1,340 sq.ft.	$218,900	Airbnb cash on cash: -0.24% Traditional cash on cash: 6.37% Airbnb Rental Income: $630 Traditional Rental Income: $1706 Airbnb ROI: -0.24% Traditional ROI: 6.37%
97 Edgewood Rd CLEVELAND, AL Welcome Home! This little cutie wonât last long! If you are looking for privacy and conv...	3 beds \| 2 baths \| 1,296 sq.ft.	$215,000	Airbnb cash on cash: -2.97% Traditional cash on cash: 4.13% Airbnb Rental Income: $630 Traditional Rental Income: $1783 Airbnb ROI: -2.97% Traditional ROI: 4.13%
37017 S State Highway 79 S CLEVELAND, AL Looking to move your business into a bigger location but worried about finding housing clo...	2 beds \| 1 baths \| 1,500 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.92% Airbnb Rental Income: $null Traditional Rental Income: $1648 Airbnb ROI: N/A Traditional ROI: 6.92%
Lincoln Rd #6.0 CLEVELAND, AL Lincoln Rd #6.0, CLEVELAND, AL 35049 \| Other	N/A beds \| N/A baths \| N/A	$55,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.32% Airbnb Rental Income: $null Traditional Rental Income: $746 Airbnb ROI: N/A Traditional ROI: 10.32%
62 Riverview Dr CLEVELAND, AL 62 Riverside Dr, CLEVELAND, AL 35049 \| Single Family Residential	3 beds \| 2 baths \| 1,600 sq.ft.	$312,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 5.59% Airbnb Rental Income: $630 Traditional Rental Income: $2147 Airbnb ROI: -0.58% Traditional ROI: 5.59%
109 Racheal Ln CLEVELAND, AL 109 Racheal Ln, CLEVELAND, AL 35049 \| Single Family Residential	4 beds \| 3 baths \| 2,118 sq.ft.	$264,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.94% Airbnb Rental Income: $null Traditional Rental Income: $2430 Airbnb ROI: N/A Traditional ROI: 7.94%
2270 Five Points Rd CLEVELAND, AL Welcome home to space, style, and country charm! This beautiful home sits on 2 acres and f...	4 beds \| 4 baths \| 3,319 sq.ft.	$430,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.41% Airbnb Rental Income: $null Traditional Rental Income: $3243 Airbnb ROI: N/A Traditional ROI: 6.41%
34 Oakbrook Cir CLEVELAND, AL 34 Oakbrook Cir, CLEVELAND, AL 35049 \| Single Family Residential	4 beds \| 3 baths \| 2,175 sq.ft.	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.33% Airbnb Rental Income: $null Traditional Rental Income: $2440 Airbnb ROI: N/A Traditional ROI: 7.33%
15920 Highway 160 CLEVELAND, AL Nestled on over 13 breathtaking acres in Cleveland, this exceptional 4-bedroom, 2-bath hom...	4 beds \| 2 baths \| 1,660 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.18% Airbnb Rental Income: $null Traditional Rental Income: $2184 Airbnb ROI: N/A Traditional ROI: 2.18%
4905 County Highway 1 CLEVELAND, AL Welcome home to this spacious 2-bedroom, 1-bath property situated on a beautiful 1-acre lo...	2 beds \| 1 baths \| 1,248 sq.ft.	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.07% Airbnb Rental Income: $null Traditional Rental Income: $1368 Airbnb ROI: N/A Traditional ROI: 6.07%
45 River Heights Dr CLEVELAND, AL Immaculate custom-built home in highly desirable River Heights! This 3BR/3.5BA home with o...	3 beds \| 3 baths \| 4,485 sq.ft.	$739,000	Airbnb cash on cash: -1.05% Traditional cash on cash: 1.78% Airbnb Rental Income: $630 Traditional Rental Income: $2286 Airbnb ROI: -1.05% Traditional ROI: 1.78%
150 Lakeview Dr CLEVELAND, AL Affordable new construction in the heart of Cleveland! Priced at $225,000, this home is a ...	3 beds \| 2 baths \| 1,126 sq.ft.	$225,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 7.14% Airbnb Rental Income: $630 Traditional Rental Income: $1915 Airbnb ROI: -0.27% Traditional ROI: 7.14%
63784 Us Hwy 231 CLEVELAND, AL 63784 Us Hwy 231, CLEVELAND, AL 35049 \| Single Family Residential	2 beds \| 2 baths \| 2,080 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.82% Airbnb Rental Income: $null Traditional Rental Income: $2033 Airbnb ROI: N/A Traditional ROI: 5.82%
Riverview Ct #113 CLEVELAND, AL Riverview Ct #113, CLEVELAND, AL 35049 \| Other	N/A beds \| N/A baths \| N/A	$100,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.54% Airbnb Rental Income: $null Traditional Rental Income: $867 Airbnb ROI: N/A Traditional ROI: 6.54%
264 Jerry Marsh Rd CLEVELAND, AL 264 Jerry Marsh Rd, CLEVELAND, AL 35049 \| Single Family Residential	3 beds \| 2 baths \| 1,770 sq.ft.	$249,999	Airbnb cash on cash: -0.38% Traditional cash on cash: 7.4% Airbnb Rental Income: $630 Traditional Rental Income: $2174 Airbnb ROI: -0.38% Traditional ROI: 7.4%
209 Chigger Ridge Rd CLEVELAND, AL 209 Chigger Ridge Rd, CLEVELAND, AL 35049 \| Manufactured Home	4 beds \| 2 baths \| 2,240 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.9% Airbnb Rental Income: $null Traditional Rental Income: $2189 Airbnb ROI: N/A Traditional ROI: 11.9%
0000 County Highway 13 Lot 7 TOTAL 10 ACRES NEW SURVEY TO BE COMPLETED CLEVELAND, AL 0000 County Highway 13 Lot 7 TOTAL 10 ACRES NEW SURVEY TO BE COMPLETED, CLEVELAND, AL 3504...	N/A beds \| N/A baths \| N/A	$119,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.68% Airbnb Rental Income: $null Traditional Rental Income: $908 Airbnb ROI: N/A Traditional ROI: 5.68%
3251 County Highway 13 CLEVELAND, AL 3251 County Highway 13, CLEVELAND, AL 35049 \| Single Family Residential	3 beds \| 2 baths \| 1,272 sq.ft.	$192,500	Airbnb cash on cash: -0.09% Traditional cash on cash: 7.55% Airbnb Rental Income: $630 Traditional Rental Income: $1733 Airbnb ROI: -0.09% Traditional ROI: 7.55%
1111 Tim King Rd CLEVELAND, AL 1111 Tim King Rd, CLEVELAND, AL 35049 \| Manufactured Home	2 beds \| 1 baths \| 1,008 sq.ft.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.68% Airbnb Rental Income: $null Traditional Rental Income: $1248 Airbnb ROI: N/A Traditional ROI: 6.68%
33392 State Highway 79 CLEVELAND, AL 33392 State Highway 79, CLEVELAND, AL 35049 \| Single Family Residential	2 beds \| 1 baths \| 768 sq.ft.	$174,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.23% Airbnb Rental Income: $null Traditional Rental Income: $1200 Airbnb ROI: N/A Traditional ROI: 5.23%

Real Estate investment in Cleveland, AL

There are 24 properties for sale in the city of Cleveland . The median list price in Cleveland is $276,817 and the average price per square foot is $158. In October 2026, the average monthly cash on cash return in Cleveland is 7.00%. The average monthly rental income in Cleveland is $1,758.

Cleveland, AL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 24 investment properties available for sale in Cleveland.

In 2026, the best neighborhood to buy investment property is CLEVELAND.

The ROI for Short-Term is higher than the Long-Term in Cleveland with average rental income of $630.

Your search for investment property begins and ends here

Investment Property for Sale in Cleveland, AL

61616 Highway 231

CLEVELAND, AL

3 beds | 2 baths | 1,340 sq.ft.

$218,900

Airbnb cash on cash: -0.24%

Traditional cash on cash: 6.37%

Airbnb Rental Income: $630

Traditional Rental Income: $1706

Airbnb ROI: -0.24%

Traditional ROI: 6.37%

97 Edgewood Rd

CLEVELAND, AL

3 beds | 2 baths | 1,296 sq.ft.

$215,000

Airbnb cash on cash: -2.97%

Traditional cash on cash: 4.13%

Airbnb Rental Income: $630

Traditional Rental Income: $1783

Airbnb ROI: -2.97%

Traditional ROI: 4.13%

37017 S State Highway 79 S

CLEVELAND, AL

2 beds | 1 baths | 1,500 sq.ft.

$160,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.92%

Airbnb Rental Income: $null

Traditional Rental Income: $1648

Airbnb ROI: N/A

Traditional ROI: 6.92%

Lincoln Rd #6.0

CLEVELAND, AL

N/A beds | N/A baths | N/A

$55,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.32%

Airbnb Rental Income: $null

Traditional Rental Income: $746

Airbnb ROI: N/A

Traditional ROI: 10.32%

62 Riverview Dr

CLEVELAND, AL

3 beds | 2 baths | 1,600 sq.ft.

$312,000

Airbnb cash on cash: -0.58%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $630

Traditional Rental Income: $2147

Airbnb ROI: -0.58%

Traditional ROI: 5.59%

109 Racheal Ln

CLEVELAND, AL

4 beds | 3 baths | 2,118 sq.ft.

$264,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.94%

Airbnb Rental Income: $null

Traditional Rental Income: $2430

Airbnb ROI: N/A

Traditional ROI: 7.94%

2270 Five Points Rd

CLEVELAND, AL

4 beds | 4 baths | 3,319 sq.ft.

$430,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.41%

Airbnb Rental Income: $null

Traditional Rental Income: $3243

Airbnb ROI: N/A

Traditional ROI: 6.41%

34 Oakbrook Cir

CLEVELAND, AL

4 beds | 3 baths | 2,175 sq.ft.

$284,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.33%

Airbnb Rental Income: $null

Traditional Rental Income: $2440

Airbnb ROI: N/A