8 Beds
4 Baths
2,219 sqft
$239,900
8415 Detroit Avenue, Cleveland OH, 44102
Price per sqft$108.11
Built in1910
Property size2,219 sqft
Property typeMulti-family
Overview
Active
Listed Jul 29, 2026
Updated 4 weeks ago
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.
$1,596/mo
Est. mortgage payment based on a $239,900 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5228504
Interior Features
- Bedrooms
- 8
- Bathrooms
- 4
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.14 Acres
Other Property Details
- Taxes
- $5,245
- Tax Frequency
- Annually
- Garage
- Yes
Courtesy of Berkshire Hathaway HomeServices Professional Realty
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