12014 Iowa Avenue, Cleveland, OH 44108
- $214,500
- 4
- BD
- 4
- BA
- 4,911
- SqFt
- Sold Price
- $214,500
- List Price
- $235,000
- Status
- CLOSED
- Days on Market
- 60
- Closing Date
- May 15, 2026
- MLS#
- 5193530
- Subtype
- Residential Income
- Year Built
- 1924
- Bedrooms
- 4
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 4,911
- Acres
- 0.07
- Subdivision
- Eddy Road Allotment
- Neighborhood
- Eddy Road Allotment
- MLS Area Major
- Cleveland
Property Description
Fully occupied, cash-flowing 4-unit investment opportunity generating income from day one. This solid brick quadruplex features four 1-bedroom, 1-bath units, all currently tenant occupied with rents ranging from $650–$860 per month. The property offers approximately 4,900 square feet of living space across two levels and presents a great opportunity for investors seeking stable rental income with long-term hold potential. Conveniently located in Cleveland’s Eddy Road neighborhood just south of I-90, offering quick highway access and proximity to local amenities. There is also a value-add opportunity, as the property is pending city approval to convert the existing 1 bed / 1 bath units into 2 bed / 1 bath units, which may increase rental demand and future rent potential. This provides investors with the ability to enhance unit layouts and maximize income potential over time.
Additional Information
- Taxes
- $2,876
- Appliances
- Range, Refrigerator
- Heating
- Forced Air
- Air Conditioning
- Ceiling Fan(s)
- Stories
- 2
- Levels
- Two
- Roof
- Flat
- Parking Features
- Outside, On Street
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Vanessa L Motaabbed, vanessa@clehomepros.com With EXP Realty, LLC.
Selling Office: EXP Realty, LLC..Mortgage Calculator
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