5603 Hege Avenue, Cleveland, OH 44105

Cleveland
Local realty services provided by:ERA Real Solutions Realty
5603 Hege Avenue,Cleveland, OH 44105
$229,000
Virtual Tour
  • 7 Beds
  • 4 Baths
  • 2,714 sq. ft.
  • Multi-family
  • Active
Listed by: daniel j zembiak
Office: century 21 homestar
MLS#:5256163
Source:OH_NORMLS

Price summary

  • Price:$229,000
  • Price per sq. ft.:$84.38

About this home

Unbelievable investment opportunity! Turn-key, cash-flowing 4-plex featuring two separate duplexes situated on one single parcel. Generating $3,085 per month in gross rent, this property boasts a rare 10% Cap Rate. The heavy lifting has already been done with massive capital improvements completed within the past 6 years: complete electrical upgrade (fully rewired with new panels), all-new plumbing, new furnaces, new hot water tanks, a new roof on the front house, newer siding, and windows. Property is also LEAD CERTIFIED. Fully occupied by long-term, stable tenants on month-to-month leases, offering immediate steady cash flow from day one. Don't miss this insulated, low-maintenance portfolio builder.

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Home facts

  • Year built:1920
  • Listing ID #:5256163
  • Added:1 day(s) ago
  • Updated:October 27, 2026 at 03:30 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:17
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:2,714 sq. ft.

Heating and cooling

  • Heating:Gas, Hot Water, Steam

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1920
  • Building area:2,714 sq. ft.
  • Lot area:0.15 Acres
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$229,000
  • Price per sq. ft.:$84.38
  • Tax amount:$2,184 (2025)

Parking

  • Parking description:Driveway
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