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    1355 Addison Rd Cleveland, OH 44103

    New
    For Sale
    $195,000

    MULTI_FAMILY - Cleveland, OH

    Lot size:
    0.21 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 7 at 12:06 pm

    Property Features for 1355 Addison Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Basement, Bathroom 3, Bathroom 2, Bedroom 2, Laundry Room, Bathroom 4
    Bedrooms
    4
    Bathrooms
    1
    APN
    106-04-088
    Parking features
    Garage, Driveway
    Appliances
    Refrigerator
    Lot size
    0.21 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Building materials
    AluminumSiding, Brick
    Roof type
    Fiberglass, Asphalt

    Northeast Ohio Realty LLC (440) 449-9100 [email protected]

    Listing agent Michael A Ferrante (216) 373-7727 License #2019005741

    Listing date Dec 2, 2025

    MLS# 5172569 Listing URL

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cleveland Multifamily Investment Opportunity

    This four-unit multifamily property in Cleveland, OH, presents an investor opportunity. The property is lead-safe certified and offers cash flow in an active rental market. Currently, the property generates $2,200 per month. With a tenant placed in Unit 1, it can bring in an additional $1,100, raising the total projected monthly income to $3,300. The property is compliant with Cleveland's lead-safe requirements. The lot size is 0.21 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.638355
    Latitude
    41.517896

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property generating income in active Cleveland rental market.
    Where is this quadplex located?
    The property is located at 1355 Addison Rd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: - Strong, reliable cash flow investment property.; - Projected monthly income of $3,300 when fully occupied.; - Lead-safe certified, compliant with Cleveland requirements.
    (216) 373-7727
    Request Owner's contact information
    1355 Addison Rd Cleveland, OH 44103
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    Cleveland, OH 44103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1355 Addison Rd Cleveland, OH 44103
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