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$315,000
Est. payment /mo
9 Beds
4 Baths
3,140 SqFt
New
6128 Lausche AVE Cleveland, OH 44103
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Key Details
Property Type Single Family Home
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,140 sqft
Price per Sqft $100
Subdivision Glass
MLS Listing ID 5225105
Bedrooms 9
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,140
Total Fin. Sqft 3140
Year Built 1900
Annual Tax Amount $8,085
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Property Description
**Investor Opportunity: 6128 Lausche Ave, Cleveland, OH 44103**
Unlock exceptional income potential with this spacious quadraplex, ideally situated at 6128 Lausche Ave in the heart of Cleveland. This rare find features a total of nine bedrooms and four bathrooms and is perfectly tailored for the savvy investor seeking strong rental returns. Currently, two units are occupied, providing immediate cash flow, while two units are vacant, offering the flexibility to place tenants of your choice or make improvements to maximize rental income. According to CMHA small area fair market rent payment standards, the potential rental rates are highly attractive: $1,005 for a 1-bedroom, $1,209 for a 2-bedroom, $1,559 for a 3-bedroom, and $1,661 for a 4-bedroom. These competitive rents can help you achieve impressive gross annual returns. The property comes with a lead paint certificate on file, simplifying the leasing process and ensuring compliance with local regulations. The quadraplex configuration not only boosts your revenue opportunities but also diversifies your rental portfolio, reducing vacancy risk. Located minutes from downtown Cleveland, major employers, public transportation, and community amenities, this property is appealing to a wide range of tenants. Don't miss this chance to acquire a high-demand, income-producing asset in a growing rental market. Whether you're expanding your real estate portfolio or seeking your first multifamily investment, 6128 Lausche Ave delivers value, stability, and upside potential.
Unlock exceptional income potential with this spacious quadraplex, ideally situated at 6128 Lausche Ave in the heart of Cleveland. This rare find features a total of nine bedrooms and four bathrooms and is perfectly tailored for the savvy investor seeking strong rental returns. Currently, two units are occupied, providing immediate cash flow, while two units are vacant, offering the flexibility to place tenants of your choice or make improvements to maximize rental income. According to CMHA small area fair market rent payment standards, the potential rental rates are highly attractive: $1,005 for a 1-bedroom, $1,209 for a 2-bedroom, $1,559 for a 3-bedroom, and $1,661 for a 4-bedroom. These competitive rents can help you achieve impressive gross annual returns. The property comes with a lead paint certificate on file, simplifying the leasing process and ensuring compliance with local regulations. The quadraplex configuration not only boosts your revenue opportunities but also diversifies your rental portfolio, reducing vacancy risk. Located minutes from downtown Cleveland, major employers, public transportation, and community amenities, this property is appealing to a wide range of tenants. Don't miss this chance to acquire a high-demand, income-producing asset in a growing rental market. Whether you're expanding your real estate portfolio or seeking your first multifamily investment, 6128 Lausche Ave delivers value, stability, and upside potential.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Driveway, Gravel
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage false
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 104-13-056

Listed by Jennifer M Hite • Howard Hanna • jenniferhite@howardhanna.com, 440-864-4844
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