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.
Active
$229,000
5603 Hege Ave, Cleveland, OH 44105
7beds
2,714sqft
Quadruplex, Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$84/sqft
$-- HOA
What's special
All-new plumbingNew furnacesNew hot water tanksNewer siding
- 9 days
- 126
- 8
Zillow last checked:
Listing updated:
Listed by:
Daniel J Zembiak 216-533-3072 dan@realclevelandhomes.com,
Century 21 Homestar
Source: MLS Now,MLS#: 5256163
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Gas, Hot Water, Steam
Cooling
- None
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,714
- Total interior livable area: 2,714 sqft
- Finished area above ground: 2,714
Video & virtual tour
Property
Parking
- Parking features: Driveway
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,616 Square Feet
Details
- Parcel number: 13217032
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $84/sqft
- Annual tax amount: $2,184
- Date on market: 10/26/2026
- Listing terms: Cash,Conventional,Private Financing Available
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/26/2026 | Listed for sale | $229,000$84/sqft |
Source:  MLS Now #5256163 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Broadway
Nearby schools
Schools provided by the listing agent
- District: Cleveland Municipal - 1809
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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