Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1920
Sq.Footage
3,536
Tremont 5-Unit Investment Property with Strong Income Potential Outstanding opportunity to own a well-maintained five-unit multifamily property in the heart of Cleveland’s highly desirable Tremont neighborhood. The property includes two buildings on one parcel, featuring three 2-bedroom units and two 1-bedroom units each with its own bath units with spacious layouts and excellent rental appeal. Four units have been recently updated with modern kitchens, renovated baths, and quality finishes, all featuring refinished original hardwood floors and central air. One unit is currently vacant and another is ready for renovation, providing immediate upside potential for investors seeking to increase overall returns. When fully leased at market rates, the property is projected to generate approximately $6,025 per month in gross rent. With two units offering near-term value-add opportunities, this investment combines steady current income with attractive growth potential. Located just steps from Lincoln Park, Tremont’s restaurants, cafés, and galleries, and minutes to downtown Cleveland, this property delivers exceptional long-term appreciation and strong tenant demand. ?? Highlights: Two buildings on one parcel — 5 total units Three 2 BR units / 1 Bath Two 1 BR units / 1 Bath 4 units updated and in excellent condition 1 fully rennovated unit vacant 1 unit ready for renovation Refinished original hardwood floors and central air Fair-market rent potential: ~$6,025/month when fully leased Prime Tremont location — walk to Lincoln Park, restaurants, and shops
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Above Grade Finished Area
3536.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Wood Siding
-
Parking
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1091
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$550,000
-
Tax Amount
9831.0
-
Sq. Footage
3, 536
-
Price/SqFt
$155
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
High School
Listing Courtesy of Robert F Collett , Plum Tree Realty, LLC
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