Map
Listed price in listed location currency (USD).
$750,000

0012

MLS® 5243975

Overview

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage 
Maintenance Fees 
Taxes $12,577
Days Active 3
Approx. Age 1963
MLS® Number 5243975

Property Address: 4203 Denison Avenue, Cleveland, OH, 44109

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

Description

Excellent opportunity to acquire a 100% occupied 12-unit apartment building on Cleveland’s West Side. Denison Manor features a balanced unit mix of six 1-bedroom and six 2-bedroom apartments, an established tenant base, and strong historical occupancy. Several residents have called the property home for years, including tenants dating back to 2016, providing an incoming owner with immediate and established rental income. Current rents range from $610–$825 per month, with total scheduled rent of $8, 655 per month / $103, 860 annualized. The property offers an attractive combination of stability and future upside. Existing newer leases demonstrate higher achievable rents within the building, creating an opportunity for continued rent growth as below-market leases naturally renew. Tenants are responsible for separately metered electricity, while the owner currently pays gas, water and sewer. Denison Manor has also benefited from continued building maintenance. A professional commercial boiler preventative-maintenance inspection was completed in August 2026, with the contractor reporting the burners, visible heat exchanger, flue venting, and supply/return piping in good condition. Offered at $750, 000, Denison Manor presents an opportunity for investors seeking a stabilized Cleveland multifamily asset with current cash flow, long-term tenants, 100% occupancy, and identifiable rent-growth potential.
MLS® Number5243975
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1963
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatHot Water, Steam
A/C

Extras

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