USAOHClevelandSuperior Park 049223 Adams Ave

9223 Adams Ave, Cleveland, OH

Name: 9223 Adams Ave, For Sale in Cleveland - Zoocasa
Brand: Home Equity Realty Group
SKU: 5246472
Price: 175500 USD

House

For Sale

Listed price in listed location currency (USD).

$175,500

730

MLS® 5246472

Overview

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage

Taxes $939

Days Active 1

Lot Size 0.0892 Acres

Approx. Age 1926

MLS® Number 5246472

Property Address: 9223 Adams Ave, Cleveland, OH, 44108-3218

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

Description

Turnkey as-is investment opportunity with strong value-add upside and cash-cow potential at 9223 Adams Avenue in Cleveland. This duplex features two 2-bedroom, 1-bath units and is being delivered vacant and rent ready, allowing the next owner to immediately place tenants and begin generating income. The property is underwritten at $2, 320 per month in combined HUD Fair Market Rent, supporting an estimated 10.09% cap rate as currently configured. What makes Adams especially attractive is the combination of turnkey condition today and significant upside tomorrow. The property is Lead Safe Certified and can be operated as-is, while the existing third-floor layout creates a compelling value-add opportunity. The building was previously used as a triplex, and the upper level still includes two additional bedrooms, a full bathroom, kitchen plumbing and electrical, and a great room. This creates a potential path to convert the upper unit into a 5-bedroom unit, increasing achievable HUD rent, or potentially restore an additional income-producing unit subject to current City of Cleveland zoning and approvals. Located in Cleveland's 44108 Glenville area, the property is minutes from University Circle, Case Western Reserve University, Cleveland Clinic, and University Hospitals, providing convenient access to some of Northeast Ohio's largest employment centers. 9223 Adams Avenue is also available as part of a four-duplex, eight-unit Cleveland investment portfolio offered at $702, 000. The portfolio includes 15332 Welton Dr, 3611 E 116th St, 9223 Adams Ave, and 10906 Nelson Ave, with more than $120, 000 in capital improvements completed across the portfolio. For investors seeking a turnkey cash-flowing asset with strong value-add potential, Adams offers the ability to operate the property as-is while retaining multiple opportunities to increase future rental income and overall property value.

MLS® Number5246472

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1926

Basement

DrivewayDriveway

Garage Spaces

HeatForced Air

A/CNone

Extras

Price History

Last Sold Price

----

Appreciation

Avg. Days Listed

0 days

Today, For Sale for $175,500

For Sale · 0 days

$175,500

MLS® 5246472

13 hours ago

Not Sold Yet

September 2026, For Sale for $702,000

For Sale · 0 days

$702,000

MLS® 5246481

13 hours ago

Not Sold Yet

Sep 19, 2026, For Sale for $175,500

Map

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