8005 Lake Avenue, Cleveland, OH 44102
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by: brian shapiro
Office: cleveland realty services
MLS#:5219364
Source:OH_NORMLS
Price summary
- Price:$425,000
- Price per sq. ft.:$140.26
About this home
This beautifully updated and rare brick 4-unit multifamily property is located on the historic Lake Avenue between Clifton blvd and Detroit Ave, in one of Cleveland’s most desirable and rapidly appreciating neighborhoods. Just one block from 78th Street Studios and minutes from Edgewater Beach, Gordon Square, Ohio City, Tremont and downtown, this location offers unbeatable proximity and tenant appeal. Four 1-bedroom, 1-bathroom units feature a mix of refinished hardwood floors, high ceilings, updated bathrooms, stainless steel appliances, separate climate control and separate washer/dryer in the basement for each unit.
Recent major improvements include new windows (2023) and a new EPDM roof (2024), delivering immediate peace of mind and lower maintenance costs for the next owner. The property also boasts an upstairs private deck and a downstairs covered deck, plus ample basement storage. Investor Highlights: strong rental demand and the possibility to add additional bedrooms or convert space for increased income. Adjacent to three Land Bank lots with outstanding opportunity for expansion, additional parking, or new construction (buyer to verify).
Solid bones, tasteful updates, and excellent curb appeal on a charming tree-lined street. This turnkey multi-family asset is perfectly positioned for both immediate cash flow and long-term appreciation in a high-demand area near parks, dining, arts, and entertainment. Whether you’re looking for a solid income producer or a value-add project with upside, this Lake Avenue property checks every box....
Contact an agent
Home facts
- Year built:1915
- Listing ID #:5219364
- Added:1 day(s) ago
- Updated:June 16, 2026 at 10:41 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Kitchen Description:Range, Refrigerator
- Basement:Yes
- Basement Description:Full, Unfinished
- Living area:3,030 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Rubber
- Year built:1915
- Building area:3,030 sq. ft.
- Lot area:0.08 Acres
- Construction Materials:Brick
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$425,000
- Price per sq. ft.:$140.26
- Tax amount:$5,569 (2025)
Features and amenities
- Appliances:Range, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Smoke Detectors
Parking
- Parking description:Driveway
New listings near 8005 Lake Avenue
- New
$585,000Active2 beds 3 baths1,881 sq. ft.2307 Thurman Avenue, Cleveland, OH 44113
MLS# 5219234Listed by: RUSSELL REAL ESTATE SERVICES - New
$14,900Active2 beds 1 baths696 sq. ft.8316 Russell, Brooklyn, OH 44144
MLS# 5219277Listed by: RE/MAX ABOVE & BEYOND - New
$425,000Active7 beds 3 baths2,824 sq. ft.1412 W 84th Street, Cleveland, OH 44102
MLS# 5219392Listed by: KEY REALTY - New
$90,000Active2 beds 1 baths945 sq. ft.1802 Ardoyne Avenue, Cleveland, OH 44109
MLS# 5219417Listed by: KELLER WILLIAMS LIVING - New
$649,900Active3 beds 3 baths2,165 sq. ft.9817 Lake #5, Cleveland, OH 44102
MLS# 5219445Listed by: BERKSHIRE HATHAWAY HOMESERVICES PROFESSIONAL REALTY - New
$905,000Active3 beds 5 baths3,038 sq. ft.9809 Lake #1, Cleveland, OH 44102
MLS# 5219451Listed by: BERKSHIRE HATHAWAY HOMESERVICES PROFESSIONAL REALTY - New
$495,000Active3 beds 4 baths1,258 sq. ft.3654 Bailey Avenue #53, Cleveland, OH 44113
MLS# 5219467Listed by: BERKSHIRE HATHAWAY HOMESERVICES PROFESSIONAL REALTY - New
$92,900Active4 beds 2 baths6622 Lansing, Cleveland, OH 44105
MLS# 5219502Listed by: LAKE POINTE REALTY - New
$130,000Active3 beds 2 baths2,400 sq. ft.10705 Englewood Avenue, Cleveland, OH 44108
MLS# 5219563Listed by: HOMESMART REAL ESTATE MOMENTUM LLC