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For sale
Residential income properties
OH
Cleveland
44102
4809 Fenwick Avenue

Ohio City Investment Opportunity

4809 Fenwick Avenue, Cleveland, OH 44102

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Picture of Residential income properties at 4809 Fenwick Avenue, Cleveland, OH

For Sale

$154,900

MULTI_FAMILY - Cleveland, OH

Property size:

1,160 SF

Lot size:

0.11 Acres

Price / SF:

$133/SF

HighLights

Year built 1890 with shingle siding exterior and asphalt/fiberglass roof.
Includes multiple bedrooms and bathrooms plus a dedicated laundry room.
Heating: forced air with natural gas; cooling includes window unit(s).
Public utilities: public water and public sewer.
Private yard with garden and off‑street parking.
Accessible approach with ramp; includes basement.

We can help!

Contact an agent

Susan C Sasseville

For Sale

$154,900

MULTI_FAMILY - Cleveland, OH

Property size:

1,160 SF

Lot size:

0.11 Acres

Price / SF:

$133/SF

Added:: May 2, 2025
Days on Market:: 433
Last Refresh:: Jul 8 at 3:06 am

Property Features for 4809 Fenwick Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 7
Bathrooms: 3
Rooms: Bedroom 3, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Laundry Room, Basement, Bedroom 2, Bathroom 2, Bedroom 6
Parking features: Off Street
Interior features: EatInKitchen, LaminateCounters
Exterior features: Garden, PrivateYard
Accessibility: Accessible Approach with Ramp
Standard status: Active
APN: 006-21-031
Size: 1,160 SF
Lot size: 0.11 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: 48 T&H S/L 320 SEP 0319 EP
Tax Annual Amount: 1070

Utilities

Sewer type: Public Sewer
Heating system: Forced Air, Natural Gas
Cooling system: Window Unit(s)
Water source: Public

Building Details

Year built: 1890
Floors in Building: 2
Building materials: ShingleSiding
Roof type: Fiberglass, Asphalt

We can help!

Contact an agent

Susan C Sasseville

Listing agent Susan C Sasseville License #2002019045

Listing office EXP Realty, LLC. 159 Crocker Park Blvd. #400, Dublin, OH

Listing date May 2, 2025

MLS# 5119616 Listing URL

HighLights

Year built 1890 with shingle siding exterior and asphalt/fiberglass roof.
Includes multiple bedrooms and bathrooms plus a dedicated laundry room.
Heating: forced air with natural gas; cooling includes window unit(s).
Public utilities: public water and public sewer.
Private yard with garden and off‑street parking.
Accessible approach with ramp; includes basement.

Overview

This property presents an investment opportunity in the Ohio City area. The property includes a front home, formerly an old farm home, and a back duplex that was added later. Both structures require complete restoration. Alternatively, the property could be considered for demolition and new construction. New construction townhomes are located nearby. The City owns overgrown land next to the property, presenting a potential opportunity to expand the lot's acreage. The property is located minutes from the West Side Market and downtown Cleveland. A dog park and rec center are nearby, along with the Menlo Academy for gifted children. The lot size is 0.1065 acres, and the property size is 1160 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$24.4k	$21.00
− Vacancy	−$974	−$0.84
EGI	$23.4k	$20.16
− OpEx	−$10.5k	−$9.07
NOI	$12.9k	$11.09

1,160 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$183.7K

$160.8K – $214.4K (±1% cap)

NOI $12,862 @ 7.0% cap · market cap 8.30%

Second Best

—

no second resolved use

Theoretical Best

Office A

$283.1K

$247.7K – $330.3K (±1% cap)

NOI $19,815 @ 7.0% cap · market cap 12.79%

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

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: Cleveland
County: Cuyahoga
State: Ohio
Longitude: -81.720764
Latitude: 41.474384

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For sale
Residential income properties
OH
Cleveland
44102
4809 Fenwick Avenue

What type of property is this?

Residential income property - Investment opportunity in Ohio City near West Side Market.

Where is this residential income property located?

The property is located at 4809 Fenwick Avenue Cleveland, OH.

What is the asking price?

The asking price for this property is $154,900.

What are key features of this property?

This property features: Year built 1890 with shingle siding exterior and asphalt/fiberglass roof.; Includes multiple bedrooms and bathrooms plus a dedicated laundry room.; Heating: forced air with natural gas; cooling includes window unit(s).

4809 Fenwick Avenue, Cleveland, OH 44102

MULTI_FAMILY - Cleveland, OH

Property Features for 4809 Fenwick Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

All-Brick Freestanding Office Building

Turnkey Retail Building in Cleveland

Asian Town Mixed-Use Assemblage

Renovated Three-Unit Multifamily

Daycare Facility in Cleveland, OH

Mixed-Use Office and Residential Property

Turnkey Bar and Restaurant with Banquet Hall

Retail Store with Brick Front

Turnkey Remodeled Duplex

Street-Level Commercial Condo with Display Window

Turnkey Triplex in South Collinwood

Turnkey Restaurant with Living Space

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