4-Unit Renovated
New
For Sale
$524,800
4915 Tillman Avenue, Cleveland, OH 44102
ResidentialIncome, Cleveland, OH
Property Size2,500 SF
Lot Size0.11 Acres
Price / SF$209.92
Days on Market3
Property Features for 4915 Tillman Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 5, Basement, Bedroom 2, Bedroom 7, Bathroom 3, Bedroom 8, Bedroom 1, Bathroom 1
Parking features
On Street, Parking Lot, Garage
Subdivision
S S Stones
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Tillman/49th
Standard status
Active
APN
003-10-058
Size
2,500 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
50 STONE 0176 WP
Tax Annual Amount
6644
Legal Description
50 STONE 0176 WP
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
3
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Keller Williams Elevate · Keller Williams Realty
(440) 572-1200
Listed By:
Antonio Biasiotta · License #2015003682
(440) 223-0575
Added: Oct 20
Last Checked: Oct 22 at 8:06AM
MLS# 5254760
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.
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Investment Insights
Based on property information with market context.
This 2,500-square-foot quadplex, built in 1920, contains four apartments: one with three bedrooms and one bathroom, two with two bedrooms and one bathroom each, and one with a bedroom and bathroom. Updates include flooring, paint, appliances, kitchens, bathrooms, electrical panels, lighting, and the roof. All four units have central air. The property also has on-site parking and a basement.
At 4915 Tillman Avenue in Cleveland, the property is within walking distance of Lake Erie and minutes from downtown Cleveland and Edgewater Beach. The 0.1061-acre parcel is served by public water and public sewer.
At 4915 Tillman Avenue in Cleveland, the property is within walking distance of Lake Erie and minutes from downtown Cleveland and Edgewater Beach. The 0.1061-acre parcel is served by public water and public sewer.
Key Highlights
- Four units: one 3‑bedroom/1‑bath, two 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath
- 2,500 square feet on a 0.1061‑acre lot
- Interior updates include kitchens, bathrooms, flooring, paint, appliances, electrical panels, and lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,882
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,640
$597.6K
Cap Rate 7%
$426,886
$426.9K
Cap Rate 9%
$332,022
$332.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$44.7K $17.88/SF
− Vacancy
−$2.0K −$0.80/SF
EGI
$42.7K $17.08/SF
− OpEx
−$12.8K −$5.12/SF
NOI
$29.9K $11.95/SF
Area
Cleveland, OH
Vacancy
4.50%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,640
Cap Rate 7%
$426,886
Cap Rate 9%
$332,022
Alternative Uses
Best Use
Multifamily LT 5
$426.9K
$373.5K – $498.0K
NOI $29,882 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$396.0K
$346.5K – $462.0K
NOI $27,720 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$610.1K
$533.8K – $711.8K
NOI $42,706 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments with a varied bedroom mix, central air, and on-site parking in Cleveland.
Where is this quadplex located?
The property is located at 4915 Tillman Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $524,800.
What are key features of this property?
This property features: Four units: one 3‑bedroom/1‑bath, two 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath; 2,500 square feet on a 0.1061‑acre lot; Interior updates include kitchens, bathrooms, flooring, paint, appliances, electrical panels, and lighting
