Map
Listed price in listed location currency (USD).
$249,900

842

MLS® 5228504

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2219 sqft
Garage Yes
Taxes $5,245
Days Active 1
Lot Size 0.142 Acres
Approx. Age 1910
Avg. Price Per Sqft $112
MLS® Number 5228504

Property Address: 8415 Detroit Ave, Cleveland, OH, 44102-1972

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

Description

Rare Detroit Shoreway value-add opportunity with immediate income and substantial upside. Public records identify the property as a duplex, while three units are currently registered with the City, fully occupied, and generating strong cash flow. The second- and third-floor units were renovated within the past three years, leaving a clear path to increased returns through remodeling the first-floor unit and separately metering gas and electric. The basement was previously occupied as a fourth unit but requires proper egress. Ownership obtained pricing below $5, 000 for an egress window, creating the potential to complete this and pursue registration of an additional unit, subject to City approval. Projections show an 11.41% cash return after planned improvements. Ideally located near Gordon Square, Edgewater, Lakewood, dining, entertainment, and major commuter routes. Ownership is simply reallocating capital and passing on the potential as an exceptional opportunity for the next investor to capture the upside.
MLS® Number5228504
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1910
BasementFinished, Partially Finished
DrivewayDriveway, Detached, Garage, Unpaved
Garage Spaces
HeatDual System, Forced Air
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 29, 2026List Date
$249,900List Price
  • Commute

Commute

Starting Address
Destination Address
8415 Detroit Ave, Cleveland, OH

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