$239,900
About this home
This four unit brick investment opportunity offering immediate cash flow from day one! This fully occupied multifamily property currently generates $2,900 per month in rental income with all four units leased, providing a stable income stream from day one. Several rents remain below current market value, creating an excellent opportunity for future increases and improved returns without the need for major repositioning. The property has been professionally managed and maintained, making it an attractive option for both seasoned investors and those looking to add a solid performing asset to their portfolio. Roof is less than five years old and all hot water tanks are less than 10 years old. Whether you're searching for your next cash flowing investment or looking to expand your multifamily holdings, offered at an attractive price, this is an opportunity you won't want to miss!
Property details
- MLS
- NOWDD
- MLS #
- 5227171
- Property type
- Quadruplex
- Subdivision
- Joseph Heinas Allotment
- Status
- Active
- Days on market
- N/A
- On market date
- July 14, 2026
- Stories
- 2
- Total bathrooms
- 4
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.169 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
- 161
- Student:teacher ratio
- 14.6:1
- District
- Wings Academy 1
- Enrollment
- 581
- Student:teacher ratio
- 11.9:1
- District
- Cleveland Heights-University Heights City
- Enrollment
- 310
- Student:teacher ratio
- 19.4:1
- 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 14, 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.