8415 Detroit Avenue, Cleveland, OH 44102
- $249,900
- 8
- BD
- 4
- BA
- 2,219
- SqFt
- List Price
- $249,900
- Status
- ACTIVE
- Days on Market
- 3
- MLS#
- 5228504
- Subtype
- Residential Income
- Year Built
- 1910
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 2,219
- Acres
- 0.14
- Subdivision
- James F Rhodes Allotment
- Neighborhood
- James F Rhodes Allotment
- MLS Area Major
- Cleveland
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.
Additional Information
- Taxes
- $5,245
- Appliances
- Range, Refrigerator
- Heating
- Dual System, Forced Air
- Air Conditioning
- None
- Stories
- 3
- Levels
- Three Or More
- Roof
- Asphalt, Fiberglass
- Parking Features
- Driveway, Detached, Garage, Unpaved
- Garage Spaces
- 2
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Seth B Task, clientcare@taskteamcle.com With Berkshire Hathaway HomeServices Professional Realty
Mortgage Calculator
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Simply Better Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 MLS Now. All Rights Reserved.