$239,900
About this home
Rare Detroit Shoreway value-add opportunity with immediate income and substantial upside. Public records identify the property as a duplex, while three units are currently registered with the City, fully occupied, and generating strong cash flow. The second- and third-floor units were renovated within the past three years, leaving a clear path to increased returns through remodeling the first-floor unit and separately metering gas and electric. The basement was previously occupied as a fourth unit but requires proper egress. Ownership obtained pricing below $5,000 for an egress window, creating the potential to complete this and pursue registration of an additional unit, subject to City approval. Projections show an 11.41% cash return after planned improvements. Ideally located near Gordon Square, Edgewater, Lakewood, dining, entertainment, and major commuter routes. Ownership is simply reallocating capital and passing on the potential as an exceptional opportunity for the next investor to capture the upside.
Property details
- MLS
- NOWDD
- MLS #
- 5228504
- Property type
- Triplex
- Subdivision
- James F Rhodes Allotment
- Status
- Active
- Days on market
- 44
- On market date
- July 29, 2026
- Stories
- 3
- Total bathrooms
- 4
- Garage spaces
- 2
- Parking spaces
- N/A
- Lot size
- 0.142 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
- 231
- Student:teacher ratio
- 25.7:1
- District
- Constellation Schools: Madison Community Elementary
- Enrollment
- 74
- Student:teacher ratio
- 37.0:1
- District
- Constellation Schools: Stockyard Community Middle
- Enrollment
- 639
- Student:teacher ratio
- 13.9:1
- 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 September 11, 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.