8111 Madison AVE, Cleveland, OH 44102
8111 Madison AVE, Cleveland, OH 44102
8111 Madison AVE, Cleveland, OH 44102
8111 Madison AVE, Cleveland, OH 44102
8111 Madison AVE, Cleveland, OH 44102
8111 Madison AVE, Cleveland, OH 44102
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Shawana Hanson

Shawana Hanson

+1(216) 971-3161
$ 399,000
Est. payment | /mo

8 Beds

4 Baths

6,502 SqFt

Save
$ 399,000
Est. payment | /mo
Save

8 Beds

4 Baths

6,502 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 6,502 sqft

Price per Sqft $61

Subdivision Hardy

MLS Listing ID 5186674

Bedrooms 8

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 4,372

Year Built 1920

Annual Tax Amount $5,592

Tax Year 2024

Lot Size 4,996 Sqft

Acres 0.1147

Property Sub-Type Quadruplex

Property Description

Fully renovated 4-unit investment opportunity in the growing 44102 neighborhood, delivered completely vacant and ready for immediate lease-up. Each unit features 2 bedrooms and has been fully updated with new kitchen cabinets, countertops, flooring, fresh paint, and fully remodeled bathrooms. Major capital improvements include new furnaces, new hot water tanks, updated mechanical systems, new electrical, new gas service, and new windows, meaning the heavy lifting has already been completed, and the only remaining step is placing tenants and collecting rent. CMHA market rents support approximately $1,100–$1,300 per unit, creating a projected gross income of $4,500+ per month once stabilized. Tenants pay their own gas and electric, keeping operating expenses low, with the owner responsible only for water and sewer; implementing a utility reimbursement program could further increase NOI. Conveniently located near Detroit Shoreway, Starbucks, Lakewood, and major retail corridors, this property sits in one of Cleveland's most active rental markets with strong tenant demand and long-term growth potential. NO seller financing.

Location

State OH

County Cuyahoga

Rooms

Basement Partial

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Exterior

Parking Features Other

Water Access Desc Public

Roof Type Composition,Shingle

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 006-03-032

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Erin Thomas • Keller Williams Living • Erinthomas@kwcommercial.com, 440-670-2300

NEARBY SCHOOLS & PROPERTIES

Shawana Hanson

"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."

+1(216) 971-3161

info@luxehauscle.com

1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States

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8111 Madison AVE