9223 Adams Avenue, Cleveland, OH 44108

Cleveland
Local realty services provided by:ERA Real Solutions Realty
9223 Adams Avenue,Cleveland, OH 44108
$175,500
  • 7 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kim lewis, garrett rowan
Office: home equity realty group
MLS#:5246472
Source:OH_NORMLS

Price summary

  • Price:$175,500

About this home

Turnkey as-is investment opportunity with strong value-add upside and cash-cow potential at 9223 Adams Avenue in Cleveland. This duplex features two 2-bedroom, 1-bath units and is being delivered vacant and rent ready, allowing the next owner to immediately place tenants and begin generating income. The property is underwritten at $2,320 per month in combined HUD Fair Market Rent, supporting an estimated 10.09% cap rate as currently configured. What makes Adams especially attractive is the combination of turnkey condition today and significant upside tomorrow. The property is Lead Safe Certified and can be operated as-is, while the existing third-floor layout creates a compelling value-add opportunity. The building was previously used as a triplex, and the upper level still includes two additional bedrooms, a full bathroom, kitchen plumbing and electrical, and a great room. This creates a potential path to convert the upper unit into a 5-bedroom unit, increasing achievable HUD...

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Home facts

  • Year built:1926
  • Subdivision & Development:Superior Park 04
  • Listing ID #:5246472
  • Added:1 day(s) ago
  • Updated:September 19, 2026 at 10:45 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:13
  • Basement:Yes

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1926
  • Lot area:0.09 Acres
  • Construction Materials:Wood Siding
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$175,500
  • Tax amount:$939 (2025)

Parking

  • Parking description:Driveway
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