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    7918 Madison Ave Cleveland, OH 44102

    For Sale
    $229,000

    MULTI_FAMILY - Cleveland, OH

    Lot size:
    0.21 Acres
    Days on Market:
    79
    Last Refresh:
    Dec 11 at 2:06 pm

    Property Features for 7918 Madison Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 8, Bedroom 5, Bedroom 7, Basement, Bedroom 2, Bedroom 3, Bathroom 3, Laundry Room, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
    Bedrooms
    8
    Bathrooms
    3
    APN
    002-21-022
    Parking features
    Driveway
    Appliances
    Range, Refrigerator
    Lot size
    0.21 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1912
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Fiberglass, Asphalt

    Greater Cleveland (216) 839-5500 [email protected]

    Listing agent Lori Dague (440) 796-0301 License #2018002168

    Listing date Sep 24, 2025

    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

    Income-Generating Triplex in Cleveland, OH

    This is an income-producing triplex located in Cleveland, OH. The property features three units. Two of the units contain two bedrooms and one bathroom each, while the top floor unit includes three bedrooms and one bathroom. The property is situated on a lot that measures 0.2121 acres. There is ample parking available for tenants, along with a two-car garage on site. The owner has completed some updates to all three units since purchasing the property. The property is located in Cuyahoga County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -81.739587
    Latitude
    41.477433

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    FAQs

    What type of property is this?
    Triplex - Triplex with updated units and ample parking in Cleveland.
    Where is this triplex located?
    The property is located at 7918 Madison Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: - Great income-producing triplex.; - Two units are 2 bed/1 bath; one unit is 3 bed/1 bath.; - Large lot with ample parking.
    (440) 796-0301
    Request Owner's contact information
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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
    7918 Madison Ave Cleveland, OH 44102
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