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Listed price in listed location currency (USD).
$325,000

1030

MLS® 5183887

Overview

Key Facts

Type Triplex
Levels Residential Income
Size 3772 sqft
Garage No
Taxes $1,717
Days Active 58
Lot Size 0.1194 acres
Approx. Age 1910
Avg. Price Per Sqft $86
MLS® Number 5183887

Property Address: 6415 Gertrude Ave, Cleveland, OH, 44105-3694

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

Description

FULLY UPDATED TURN KEY triplex offering a clean, modern feel throughout and strong potential for both owner-users and investors alike. This well-maintained property features three spacious units with flexible layouts, each showcasing fresh finishes, neutral paint tones, and updated flooring that create a bright, move-in-ready atmosphere. Large windows bring in abundant natural light, while thoughtful room flow allows for comfortable living and versatile use of space. Kitchens have been refreshed with modern cabinetry and ample counter space, and bathrooms are clean and updated with contemporary fixtures. Multiple units offer bonus rooms that can serve as additional living areas, office space, or storage, adding flexibility to each floor plan. A full unfinished basement provides laundry access and additional storage options. Outdoor features include welcoming covered porches, balconies, and a shared yard—ideal for enjoying fresh air or casual outdoor use. The property also offers a private driveway for convenient off-street parking. Separate utilities for electric and gas help streamline management, with owner-paid water and sewer. With its updated condition, multiple income streams, and practical layout, this property presents an attractive opportunity for investors seeking a solid addition to their portfolio or buyers looking for a multi-unit option with long-term potential. Projected rents total $4, 494 per month, generating an estimated annual NOI of about $35, 000 and placing this property at an approximate 10% cap rate, a rare return for something this updated and move in ready. Updates Include new roof, windows, plumbing and electrical, HVAC and HWTs in each unit as well as designated laundry areas. Can be sold as part of a portfolio, contact list agent
MLS® Number5183887
Laundry LevelLower Level
Central VacNo
FireplaceNo
Acreage0.1194
Exterior
GarageNo
Approx. Age1910
BasementUnfinished
DrivewayDriveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 30, 2026List Date
$325,000List Price
Feb 25, 2024End Date
$62,000Sold Price

Sold

Dec 2, 2023List Date
$64,900List Price

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