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Listed price in listed location currency (USD).
$175,000

530

MLS® 5242656

Overview

Key Facts

Type Triplex
Levels Residential Income
Size 2802 sqft
Garage 
Taxes $1,370
Days Active 1
Lot Size 0.0937 Acres
Approx. Age 1900
Avg. Price Per Sqft $62
MLS® Number 5242656

Property Address: 8311 Decker Ave, Cleveland, OH, 44103-2953

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity at 8311 Decker Ave! This triplex offers a desirable combination of established rental income, tenant stability, and additional income potential. The first-floor unit is currently vacant, allowing the next owner to immediately place a tenant at current market rents. CMHA rental rates in the 44103 ZIP code can reach as high as $1, 209, providing an opportunity to further increase the property's gross monthly income. Unit 2 features 2 bedrooms and 1 bathroom and is occupied by a cash-paying tenant at $750 per month, with a lease through 5/1/2027. Unit 3 features 1 bedroom and 1 bathroom and is occupied by a cash-paying tenant at $600 per month, with a lease through 12/1/2026. The property also features furnaces and hot water tanks that are approximately five years old or newer, adding to the property's overall appeal as a largely stabilized multifamily investment. With two occupied units already generating income and a vacant unit ready for lease-up, this property offers investors a strong foundation of existing cash flow with built-in rental upside. The current lease structure provides stability in the near term while giving the next owner opportunities to increase revenue as leases turn over and rents are brought closer to market. Conveniently located near Cleveland Clinic, Downtown Cleveland, major employment centers, shopping, dining, and public transportation, with easy access to nearby highways and destinations throughout Northeast Ohio. A great opportunity for an investor looking to acquire a largely stabilized multifamily property with existing income and room for future growth.
MLS® Number5242656
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull
DrivewayOn Street
Garage Spaces
HeatForced Air, Gas
A/CNone

Extras

Price History

Last Sold Price

$125,000$125K

Appreciation

--

Avg. Days Listed

74 days

Today, For Sale for $175,000

For Sale · 0 days

$175,000

MLS® 5242656

8 hours ago

Not Sold Yet

September 2026, For Sale for $175,000

For Sale · 0 days

$175,000

MLS® 5242656

8 hours ago

Not Sold Yet

June 2025, Sold for $125,000

View of front of home featuring a porch, a gate, a balcony, and a fenced front yard
Sold · 74 days

$125,000$115,000

MLS® 5113532

A year ago

Sold on Jun 23, 2025

Home Estimate Zoopraisal®

This property is estimated to sell between: $79,000 and $223,000.
Similar properties in this area sold on average for: $79,866
Expected to sell in 24 days. Similar properties sold in 25 days. This home has been on Zoocasa for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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