Brick building exterior featuring multiple windows, a central entryway, and a flat roofline

Brick exterior building featuring a covered entryway with a solid door, concrete walkway, and manicured shrubbery

Brick exterior building with multiple windows and a central entrance

Red brick exterior with multiple windows and a white soffit

Brick exterior featuring a black metal door, modern address numbering, and a glass block window

+44 more

Brick exterior with a black entry door, an overhead wall-mounted light fixture, and block-style house numbers

Kitchen featuring wood-finish flooring, white cabinetry with dark hardware, a stainless steel refrigerator, and a light-toned countertop

Kitchen featuring white cabinetry with black hardware, wood-finish flooring, a stainless steel range, and a coordinating range hood

Kitchen featuring white cabinetry with black hardware, stone-finish countertops, and wood-finish flooring

Kitchen featuring light-toned cabinetry with dark hardware, a stainless steel sink with a matte black faucet, and patterned stone-finish countertops

Bright room with a large window featuring horizontal blinds

Dining area featuring wood-finish flooring, a wall-mounted AC unit, and a flush-mount ceiling light

Dining area featuring light gray walls, a window with horizontal blinds, and carpet flooring

Bathroom featuring a white subway tile surround, a built-in bathtub, and a window with blinds

Bathroom featuring a white subway tile shower surround, a white vanity with integrated sink, black hardware, a rectangular mirror, and a window with horizontal blinds

Bedroom featuring light gray wall paint and coordinating carpet flooring

Bedroom featuring light gray walls, gray carpet flooring, a window with horizontal blinds, and a black ceiling fan with an integrated light fixture

Carpeted room with a ceiling-mounted fan and light fixture

Room with wood-finish flooring, a ceiling fan with integrated lighting, and a window featuring a decorative security grille

Bedroom featuring wood-finish flooring, a ceiling fan with integrated lighting, and a window with security grating

Bright interior room featuring wood-finish flooring and a large three-panel window

Living area featuring wood-finish flooring, a large window, a wall-mounted television, and a built-in media console

Open-concept living space featuring light gray walls, neutral carpeting, and a large window with blinds

Carpeted staircase with black wrought iron railing and white wall-mounted handrail

Carpeted stairs with metal railings, a wall-mounted handrail, and individual mailboxes

Brick multi-unit building featuring a dark shingle roof and symmetrical facade

Red brick multi-unit buildings with dark shingle roofs

Aerial overview featuring a tree-lined residential area with distant city skyline, commercial structures, and paved streets

Image quality insufficient for description

Aerial perspective showcasing the residential neighborhood with ample tree cover

Aerial perspective showcasing a residential street with diverse architectural styles, mature tree canopy, and green spaces

Residential streetscape featuring a mix of architectural styles, mature trees, and paved roadways

Aerial perspective showcasing a residential and commercial area surrounded by extensive green spaces

Aerial perspective of a verdant neighborhood with residential properties, commercial buildings, and mature tree coverage

Aerial perspective showcasing the surrounding residential area and commercial establishments

Brick facade multi-unit building with dark shingle roofing, manicured shrubbery, and paved sidewalks

Two matching brick multi-unit buildings featuring dark shingle roofs, multiple windows with blinds, and manicured shrubbery

Paved parking lot with multiple parking spaces and brick-clad buildings

Brick apartment building with multiple windows, featuring a paved parking area and green landscaping

Paved parking area offering multiple spaces, complemented by a three-story brick building with white window frames

Utility area featuring a water heater, visible gas meter, and exposed ductwork

49 photos

$879,900

4578 E 131st Street

Garfield Heights, OH 44105

Listed by Tal Tamir · Russell Real Estate Services

Bedrooms

N/A

Bathrooms

N/A

Living area

N/A

Year built

1962

About this home

100% occupied, cash flowing 12 unit complex with value-add upside! This newly updated 12 unit deal is perfect for the investor looking for solid, stable cash flow day 1, while still having easy value-add upside available through basic cosmetic updates and organic rent bumps! Currently 100% occupied, grossing $10,740 in rent per month, an investor will walk into nearly a 9.5% cap rate AS IS. Proforma, a savvy buyer will easily achieve $12,500+ per month in gross rent, with the ability to implement parking fees and on-site coin operated laundry for additional income! The unit mix is ideal - boasting (8) two bedroom units and (4) one bedroom units. (6) of the (12) total units have been totally remodeled including updated kitchens with granite countertops and new appliances, updated flooring including vinyl plank and new carpet, updated bathrooms with tiled shower surrounds and new vanities, as well as updated lighting throughout and completely refreshed common areas. In addition, there are a number of new furnaces and wall unit AC's that have been installed, as well as a new parking lot, painted and refreshed garages, two completely new roofs installed in 2025, new carpet, paint and lighting in the hallways, and new exterior entry doors, and new common how water tanks! Tenants are responsible for gas and electricity, while the owner pays water/sewer/trash and common area electricity and gas. A number of tenants are currently month to month as well, allowing a buyer to quickly start implementing their business plan.

Property details

MLS #: 5222720
Property type: Apartment
Subdivision: N/A
Status: Active
Days on market: 3
On market date: N/A
Stories: N/A
Garage spaces: N/A
Lot size: 0.3671 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter

SMART Academy

0.42 mi away · Grades 0-4

Nearest school -- attendance-zone data not available here

5.0

Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating

Enrollment: 113
Student:teacher ratio: 10.3:1
District: SMART Academy

Middle

Garfield Heights Middle School

2.14 mi away · Grades 6-8

Nearest school -- attendance-zone data not available here

Not yet rated

Local Score not yet available for this school

Enrollment: 826
District: Garfield Heights City Schools

High

John F Kennedy High School

1.11 mi away · Grades 9-12

Nearest school -- attendance-zone data not available here

3.0

Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating

Enrollment: 706
Student:teacher ratio: 17.2:1
District: Cleveland Municipal

Mortgage calculator

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Home price

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Interest rate

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Property tax

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Est. monthly payment

$5,449/mo

$175,980 down

$703,920 loan

Principal & interest$4,566

Property tax (est.)$733

Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated June 29, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.