$175,000
About this home
Investor opportunity! This fully occupied four-unit property offers immediate cash flow with below-market rents totaling $2305, creating a compelling value-add opportunity for investors seeking both current income and future growth. With current operations generating an approximate 11.5% cap rate based on existing rents and known expenses, this property provides strong in-place returns from day one. As units turn over, investors have the opportunity to renovate and bring rents closer to market levels, potentially increasing cash flow and overall property value. Whether you're looking to expand an existing portfolio or acquire a multifamily asset with upside potential, this property checks the boxes: stable occupancy, strong current income, below-market rents, and room to increase returns over time. Offered at an attractive price point, this is an excellent opportunity to acquire a cash-flowing asset with built-in value-add potential.
Property details
- MLS
- NOWDD
- MLS #
- 5217220
- Property type
- Quadruplex
- Subdivision
- Low & Edwards
- Status
- Active
- Days on market
- 38
- On market date
- June 8, 2026
- Stories
- 2
- Total bathrooms
- 4
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.1377 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
- 407
- Student:teacher ratio
- 15.1:1
- District
- Cleveland Municipal
- Enrollment
- 339
- Student:teacher ratio
- 14.1:1
- District
- East Cleveland City School District
- Enrollment
- 560
- Student:teacher ratio
- 15.6:1
- District
- Cleveland Municipal
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 July 17, 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.