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New Construction Quadplex
For Sale
$1,650,000

2494-2500 Thurman Avenue, Cleveland, OH 44113

ResidentialIncome, Cleveland, OH

Property SizeContact for details
Lot Size0.14 Acres
Days on Market47

Property Features for 2494-2500 Thurman Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 11
Bathrooms 14
Full bathrooms 11
Half bathrooms 4
Rooms Bathroom 12, Bathroom 2, Bathroom 14, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 8, Laundry Room, Bathroom 10, Bedroom 2, Bathroom 6, Bathroom 13, Bedroom 3, Bathroom 9, Bedroom 9, Bedroom 11, Bedroom 7, Bathroom 8, Bathroom 7, Basement, Bathroom 5, Bedroom 10, Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 11
Parking features Driveway, Garage
Interior features RecessedLighting
Elementary school district Cleveland Municipal - 1809
Middle school district Cleveland Municipal - 1809
High school district Cleveland Municipal - 1809
Directions Starkweather Ave right on Thurman Ave.
Special listing conditions In Foreclosure
Standard status Active
APN 004-17-225
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PARCEL B1 AFN202212270507
Tax Annual Amount 4662
Legal Description PARCEL B1 AFN202212270507

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 2024
Floors in Building 3
Building materials Stucco
Roof type Shingle, Asphalt, Rubber
Listing Agency: HomeSmart Real Estate Momentum LLC · HomeSmart International
Listed By: De'Chella Woodruff · License #2018004577
Added: Jul 15 Changed: Aug 26 Last Checked: Aug 30 at 5:06PM
MLS# 5227937

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 2024-built quadplex comprises four townhomes on a 0.136-acre parcel at 2494-2500 Thurman Avenue. The major construction phase is complete, while final touches and customization remain. Existing features include stucco construction, recessed lighting, forced-air heating, shingle, rubber, and asphalt roofing, plus driveway and garage parking.

The property is in Cleveland’s Tremont neighborhood, near restaurants, shops, parks, and highway access. Public water and public sewer serve the site. The property is offered as-is, presenting an unfinished new-construction configuration for an investor or builder to complete and customize for resale or rental income.

Key Highlights

  • Four newly built townhomes configured as a quadplex
  • 2024 construction with major work completed and final touches remaining
  • 0.136‑acre parcel at 2494‑2500 Thurman Avenue

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Carpet & Flooring Store Computer & Electronic Repair Butcher Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

516
Businesses Nearby

Demographics for 44113, OH

20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four townhome units with major construction substantially completed and final work remaining.
Where is this quadplex located?
The property is located at 2494-2500 Thurman Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Four newly built townhomes configured as a quadplex; 2024 construction with major work completed and final touches remaining; 0.136‑acre parcel at 2494‑2500 Thurman Avenue
More about this property
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