Price Reduction
Address
8415 Detroit Avenue, Cleveland, OH
Price
$ 239,900
Property Attributes
- MLS#5228504
- TypeMulti-Family
- Listing Status Active
- CountyCuyahoga
- CityCleveland
- NeighborhoodJames F Rhodes Allotment
- Zip44102
- Style
- Year Built1910
- Taxes$ 5245
- Price$ 239,900
- Bedrooms8
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2219
- Lot Size0.142 Acres
Data Source:
MLSNow
Property 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.
| Price History | |
|---|---|
| 7/29/2026 | Listed $249,900 |
| 9/11/2026 | 4$239,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Dual System,Forced Air |
| Cooling | None |
| Possession | Negotiable |
| Roof | Asphalt,Fiberglass |
| Appliances | Range,Refrigerator |
| Garage Spaces | 2 |
| Construction Materials | Vinyl Siding |
| Year Built | 1910 |
| Tenant Pays | None |
| Stories Count | 3 |
| Township | Cleveland |
| Levels | Three Or More |
| Property Subtype | Triplex |
| Tax Year | 2025 |
| OwnerPays | All Utilities |
| County | Cuyahoga |
| Property Type | Residential Income |
| Attached Garage | false |
| Subdivision Name | James F Rhodes Allotment |
| Garage Y/N | true |
| Total Rooms | 11 |
| Full Baths | 4 |
| Status | Active |
| Directions | Detroit Shoreway |
| ModificationTimestamp | 2026-09-11T14:47:18.017-00:00 |
| City | Cleveland |
| Disclosures | Owner Is Listing Agent |
| High School District | Cleveland Municipal - 1809 |
| Lot Size Units | Acres |
| Carport Y/N | false |
| Tax Annual Amount | 5245.08 |
| Home Warranty Y/N | false |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Middle/Junior School District | Cleveland Municipal - 1809 |
| Elementary School District | Cleveland Municipal - 1809 |
| Year Built Source | Public Records |
| Property Sub Type Additional | Triplex |
| PostalCity | CLEVELAND |
| Legal Description | 29 RHODES 0003 ALL |
Interior Features
| Basement | Finished,Partially Finished |
|---|---|
| Basement (Y/N) | true |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Above Grade Finished Area | 2219 |
| Laundry Features | Common Area |
| Total Bedrooms | 8 |
| Above Grade Finished Area Source | Assessor |
| Total Baths | 4 |
Exterior Features
| Fencing | Chain Link |
|---|---|
| Parking Features | Driveway,Detached,Garage,Unpaved |
| Water Source | Public |
| Lot Size Area | 0.142 |
| Number of Buildings | 1 |
| Lot Size Acres | 0.142 |
| Lot Size Source | Assessor |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 44102
Price
Taxes
Year Built
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