8701 Lake Avenue, Cleveland, OH 44102

Cleveland
Local realty services provided by:ERA Real Solutions Realty
8701 Lake Avenue,Cleveland, OH 44102
$199,000
Virtual Tour
  • 6 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kal alnazer, kal alnazer
Office: 2000 professional realty
MLS#:5187243
Source:OH_NORMLS

Price summary

  • Price:$199,000

About this home

Mixed-use 3 units, Investor Special. Gross rent $2150.00/mo. Cleveland Lakewood line. Solid income stream in place at $25,800 annual gross income. Located on Cleveland side of Lakewood boarder. Residential rents re well under market with room to grow to $1200.00. Managers unit is a store that is currently rented and operating. Minutes to Edgewater, I90, and west side retail. Upside Alert: current rents trail Lakewood Market by 30%. Ideal for buyer looking to force appreciation. Priced aggressively at $229,000

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Home facts

  • Year built:1900
  • Subdivision & Development:Davis & Grombachers
  • Listing ID #:5187243
  • Added:179 day(s) ago
  • Updated:August 15, 2026 at 02:28 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement:Yes

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Roof:Flat
  • Year built:1900
  • Lot area:0.1 Acres
  • Construction Materials:Vinyl Siding
  • Levels:2 Stories, 2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$199,000
  • Tax amount:$4,914 (2025)

Parking

  • Garage:Yes
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