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    4017 E 54Th St Newburgh Heights, OH 44105

    For Sale
    $159,900

    MULTI_FAMILY - Newburgh Heights, OH

    Lot size:
    0.11 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 7 at 1:06 am

    Property Features for 4017 E 54Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Basement, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 2
    Bedrooms
    5
    Bathrooms
    2
    APN
    511-16-082
    Parking features
    Driveway, Garage
    Lot size
    0.11 Acres

    Utilities

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

    Building Details

    Year built
    1917
    Floors in Building
    2
    Building materials
    AluminumSiding
    Roof type
    Asphalt

    B2B Realty (216) 465-4011

    Listing agent Kevin Hoag (216) 401-4412 License #2015002538

    Listing date Nov 18, 2025

    MLS# 5171207 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

    Newburgh Heights Duplex Investment Property

    This Newburgh Heights duplex presents an investment opportunity or potential for owner-occupancy. The property is fully occupied, generating $1,980 monthly. One tenant utilizes a CMHA voucher, providing guaranteed rent. The first-floor unit, featuring two bedrooms and one bathroom, has been updated and is well-maintained by the tenant. The second-floor unit, also with two bedrooms and one bathroom, includes private access to a large attic. This attic space is currently used for storage but offers the potential for conversion into additional bedrooms and living space, which could increase rental income and property value. Both units include modern kitchens with appliances, updated bathrooms, and new flooring. Capital improvements include a new furnace, two hot water tanks, two electrical panels, and PVC plumbing. A two-car detached garage was constructed in 2020 and could be rented for additional storage income. The property includes private basement access. Located centrally, the property is approximately 5 minutes from Washington Park and 10 minutes from downtown Cleveland. The lot size is 0.1102 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.65171
    Latitude
    41.448916

    Nearby Similar for Sale

    • $77,900
      Pending

      Sprawling Triplex in Newburgh Heights

      Triplex with income potential in the heart of Newburgh Heights.
      4014 E 54Th St, Newburgh Heights, OH 44105
      View Details
    • New
      $174,900
      Pending

      Fully Occupied Duplex Investment Opportunity

      Profitable duplex with updated units and long-term leases in place.
      4026 E 52Nd St, Newburgh Heights, OH 44105
      View Details
    • $175,000
      0.08 Acres

      Newburgh Heights Duplex Investment

      Tenant-occupied duplex in Newburgh Heights, ideal for immediate returns.
      3946 E 54Th St, Newburgh Heights, OH 44105
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully occupied duplex near downtown Cleveland with income potential.
    Where is this duplex located?
    The property is located at 4017 E 54Th St Newburgh Heights, OH.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: - Currently 100% occupied duplex generating $1,980/month gross income, offering immediate cash flow.; - One tenant receives CMHA voucher, guaranteeing consistent rent payments.; - First-floor unit is updated and well-maintained by the tenant.
    (216) 401-4412
    Request Owner's contact information
    4017 E 54Th St Newburgh Heights, OH 44105
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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
    4017 E 54Th St Newburgh Heights, OH 44105
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