8415 Detroit Avenue, Cleveland, OH 44102
Local realty services provided by:ERA Real Solutions Realty
Listed by: seth b task
Office: berkshire hathaway homeservices professional realty
MLS#:5228504
Source:OH_NORMLS
Price summary
- Price:$249,900
- Price per sq. ft.:$112.62
About this home
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....
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Home facts
- Year built:1910
- Subdivision & Development:James F Rhodes Allotment
- Listing ID #:5228504
- Added:1 day(s) ago
- Updated:July 31, 2026 at 02:23 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:11
- Kitchen Description:Range, Refrigerator
- Basement:Yes
- Basement Description:Finished, Partially Furnished
- Living area:2,219 sq. ft.
Heating and cooling
- Heating:Dual System, Forced Air
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1910
- Building area:2,219 sq. ft.
- Lot area:0.14 Acres
- Construction Materials:Vinyl Siding
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$249,900
- Price per sq. ft.:$112.62
- Tax amount:$5,245 (2025)
Features and amenities
- Appliances:Range, Refrigerator
Parking
- Parking description:Detached, Driveway, Garage
- Garage:Yes
- Garage spaces:2
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