12014 Iowa Avenue, Cleveland, OH 44108
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by: vanessa l motaabbed, wayne brooks
Office: exp realty, llc.
MLS#:5193530
Source:OH_NORMLS
Price summary
- Price:$235,000
- Price per sq. ft.:$47.85
About this home
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.
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Home facts
- Year built:1924
- Listing ID #:5193530
- Added:58 day(s) ago
- Updated:May 15, 2026 at 07:23 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Kitchen Description:Range, Refrigerator
- Basement:Yes
- Basement Description:Unfinished
- Living area:4,911 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Flat
- Year built:1924
- Building area:4,911 sq. ft.
- Lot area:0.07 Acres
- Construction Materials:Brick
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$235,000
- Price per sq. ft.:$47.85
- Tax amount:$2,876 (2025)
Features and amenities
- Appliances:Range, Refrigerator
Parking
- Parking description:Outside Parking
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