$229,000 Active
5603 Hege AvenueCleveland, OH 44105
7 bd · 4 ba · 2,714 sq ft
Listed by Daniel J Zembiak, Century 21 Homestar · dan@realclevelandhomes.com, 216-533-3072Advertised by Parkview Realty Group LTD
About this home
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.
Details
| Status | Active |
|---|---|
| Type | Multi-Family |
| Style | Quadruplex |
| Year built | 1920 |
| Lot size | 0.1519 acres |
| County | Cuyahoga |
| Annual taxes | $2,184 |
| MLS # | 5256163 |
| Listed | Oct 26, 2026 |
| Listing last updated | Oct 26, 2026, 10:09 PM ET |
Mortgage calculator
Estimated monthly payment: $1,552.77
| Principal & interest | $1,245.77 |
|---|---|
| Mortgage insurance | $0.00 |
| Property taxes | $182.00 |
| Homeowners insurance | $125.00 |
| HOA | $0.00 |
| Total per month | $1,552.77 |
Down payment $45,800.00 (20%) · Loan amount $183,200.00 at 7.218% for 30 years.
Estimate only. Not a loan offer or a closing statement. Your actual payment depends on your lender, credit, taxes and insurance. Talk to a licensed loan officer.
Schedule a showing with Jermaine Carter
Listed by Daniel J Zembiak, Century 21 Homestar · dan@realclevelandhomes.com, 216-533-3072Advertised by Parkview Realty Group LTD
Listed Oct 26, 2026. Listing information last updated Oct 26, 2026, 10:09 PM ET. Report a listing error
Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchase or lease. Data is deemed reliable but not guaranteed. Properties may no longer be available.
Listing data from MLS Now, last updated Oct 28, 2026, 10:30 AM ET.