$399,000

About this home

RARE GEM – SECTION 8 Fourplex Investment Opportunity! 5,675$ gross rent per month!!! Welcome to 7507 Lawnview Ave, a one-of-a-kind side-by-side fourplex featuring four spacious 3-bedroom townhome units! Each unit offers a full upstairs, a private basement, and both front & back entrances, giving tenants the feel of true single-family living. units have been thoughtfully renovated with modern LVP flooring, granite countertops, and major mechanical updates including multiple newer furnaces. This property is truly a cash cow for investors—whether you’re local or out-of-state. Cash-Flow Machine Currently rented to reliable Section 8 tenants, the property generates a gross monthly income of $5,675:     •    7507 – $1,400     •    7509 – $1,385     •    7511 – $1,250     •    7513 – $1,640 That’s $68,100 annually with tenants covering all utilities except water & sewer—keeping owner expenses low and profit margins high. Highlights:     •    Four side-by-side 3-bedroom townhome units     •    Private basements & dual entrances for every unit     •    Renovated interiors with LVP & granite finishes     •    Multiple newer furnaces & key upgrades completed     •    Fully rented, strong Section 8 tenancy     •    Tenants pay gas & electric Property is lead safe certified with the city! Offered at just $499,900, this rare Cleveland fourplex is a true cash cow that won’t last long. Opportunities like this don’t come around often—schedule your showing today before it’s gone!

Property details

MLS #

5155900

Property type

Quadruplex

Subdivision

Simpson & Goakes

Status

Active

Days on market

151

On market date

September 11, 2025

Stories

2

Garage spaces

N/A

Lot size

0.2195 acres

Nearby schools

Within 10 miles · public school directory data (NCES)