$199,900
About this home
Investor opportunity in Cleveland! This four-unit multifamily property offers immediate income with two occupied units and additional upside through two vacant units ready for lease-up. Unit 1 features three bedrooms and one bathroom, while Units 2 and 3 each offer two bedrooms and one bathroom. The occupied units are currently receiving under-market rent; providing significant future income potential! Listed rent prices for the vacant units range are currently at $845 for Unit 3 and $745 for Unit 4; with strong interest in both. Residents are responsible for all utilities, helping reduce owner-paid operating expenses. Additional features include two garage spaces, driveway parking, an unfinished basement offering storage potential, and approximately $5,000 recently invested in exterior repairs. Conveniently located near major Cleveland roadways with access to I-77 and I-480. An excellent opportunity to acquire a four-unit property with existing income, immediate lease-up potential, and long-term value-add upside!
Property details
- MLS
- NOWDD
- MLS #
- 5244623
- Property type
- Quadruplex
- Subdivision
- Stone Hickox Hosmer Bates Smit
- Status
- Active
- Days on market
- 30
- On market date
- September 16, 2026
- Stories
- 2
- Total bathrooms
- 4
- Garage spaces
- 1
- Parking spaces
- N/A
- Lot size
- 0.1194 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 116
- Student:teacher ratio
- 12.9:1
- District
- Constellation Schools: Eastside Arts Academy
- Enrollment
- 176
- Student:teacher ratio
- 17.6:1
- District
- Cuyahoga Heights Local
- Enrollment
- 225
- Student:teacher ratio
- 32.1:1
- District
- Regent High School
Walkability
Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Cleveland, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 4 days ago.
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.