Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
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

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 MLS Now. All rights reserved.

Powered by Luxury Presence