7 Beds
4 Baths
2,714 sqft
$229,000
5603 Hege Avenue, Cleveland OH, 44105
Price per sqft$84.38
Built in1920
Property size2,714 sqft
Property typeMulti-family
Overview
Active
Listed Oct 26, 2026
Updated 2h ago
Unbelievable investment opportunity! Turn-key, cash-flowing 4-plex featuring two separate duplexes situated on one single parcel. Generating $3,085 per month in gross rent, this property boasts a rare 10% Cap Rate. The heavy lifting has already been done with massive capital improvements completed within the past 6 years: complete electrical upgrade (fully rewired with new panels), all-new plumbing, new furnaces, new hot water tanks, a new roof on the front house, newer siding, and windows. Property is also LEAD CERTIFIED. Fully occupied by long-term, stable tenants on month-to-month leases, offering immediate steady cash flow from day one. Don't miss this insulated, low-maintenance portfolio builder.
$1,524/mo
Est. mortgage payment based on a $229,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5256163
Interior Features
- Bedrooms
- 7
- Bathrooms
- 4
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.15 Acres
Other Property Details
- Taxes
- $2,184
- Tax Frequency
- Annually
- View
- Yes
- Municipality
- Cleveland
Courtesy of Century 21 Homestar
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 Katerina Alix shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2026 MLS Now. All rights reserved.
