$250,000

About this home

Discover a rare investment opportunity in the rapidly growing Circle East District, just steps from Little Italy and right at the edge of the highly sought-after University Circle. This remodeled 4-unit building is fully refreshed and ready for tenants, with one unit currently occupied by a steady Section 8 tenant at $843 per month. Featuring durable vinyl windows and a roof approximately five years old, the property offers low-maintenance ownership in an area undergoing major transformation. Utilities along Euclid Avenue were upgraded last year, and full infrastructure work on this street is slated for spring/summer 2026—positioning this block for significant appreciation. Located within a federally designated Opportunity Zone, investors can take advantage of substantial tax benefits while benefiting from the neighborhood’s momentum. With new construction homes selling for $400,000 just one block away, the upside is undeniable. A chance to secure prime real estate in the heart of Cleveland’s most rapidly expanding cultural, medical, and educational hub—at pennies on the dollar.

Property details

MLS #

5181325

Property type

Quadruplex

Subdivision

City/East Cleveland

Status

Active

Days on market

143

On market date

N/A

Stories

2

Garage spaces

N/A

Lot size

0.0872 acres

Nearby schools

Within 10 miles · public school directory data (NCES)