4-Unit Multifamily
New
For Sale
$229,000
5603 Hege Ave, Cleveland, OH 44105
Two duplex structures share one parcel, with all units occupied under month-to-month leases.
Property Size2,714 SF
Price / SF$84.38
Days on Market5
Property Features for 5603 Hege Ave
General Information
Standard status
Active
Size
2,714 SF
Property subtype
Residential Income
Occupancy
100%
Financials
Cap Rate
10%
Gross Income
$37,020
Site & Location
Neighborhood
South Broadway
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,184
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Century 21 Homestar
(440) 449-9100
Listed By:
Daniel J Zembiak · License #2001013487
(216) 533-3072
Source:
Exprealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Homestar
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Investment Insights
Based on property information with market context.
This 2,714-square-foot multifamily property comprises two duplex buildings on a single parcel. The four units are occupied, and leases are month-to-month. The property is lead-certified.
Work completed within the past 6 years includes electrical rewiring and new panels, replacement plumbing, furnaces and hot water tanks. The front house has a new roof; siding and windows are newer.
Work completed within the past 6 years includes electrical rewiring and new panels, replacement plumbing, furnaces and hot water tanks. The front house has a new roof; siding and windows are newer.
Key Highlights
- Four units across two duplex buildings on one parcel
- 2,714 square feet
- Lead‑certified property
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 44105, OH
34,100
Population
17,528
Households
1.9
Avg Household Size
38
Median Age
11%
College-Educated
83%
High-School Grad
8.9 sq mi
ZIP Area
3,831
Density / Sq Mi
$38,294
Median Household Income
$32,389
Median Earnings
$888
Median Rent
$56,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two duplex structures share one parcel, with all units occupied under month-to-month leases.
Where is this multifamily property located?
The property is located at 5603 Hege 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: Four units across two duplex buildings on one parcel; 2,714 square feet; Lead‑certified property
