6415 Gertrude Avenue Cleveland, OH 44105
MULTI_FAMILY - Cleveland, OH
Property Features for 6415 Gertrude Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 8, Bedroom 9, Bedroom 4, Laundry Room, Bedroom 5, Bathroom 2, Bathroom 3, Basement, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 10
- Parking features
- Driveway
- Standard status
- Active
- APN
- 132-13-050
- Size
- 1,888 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 314 HICKOX S/L 208WP 0207 EP
- Tax Annual Amount
- 1733
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Building materials
- AluminumSiding, VinylSiding
- Roof type
- Asphalt, Fiberglass
Listing agent Michael Azzam License #2014004734 (216) 446-7606
Listing office RE/MAX Haven Realty 34050 Solon Road, Suite 100, Garfield Hts., OH (440) 519-3100
Listing date May 11, 2026
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.
The exterior has been substantially improved, including updated electrical panels, updated plumbing lines, separate furnaces and utilities, newer furnaces, younger water heaters, glass block windows, updated 100 AMP meter bases, aluminum siding, newer roofing components, and recently painted exterior surfaces. The home is located on Cleveland’s southeast side, minutes from Washington Reservation, Warsaw Park, and Morgana Park, with nearby shopping, restaurants, schools, public transportation, and major roadways offering access to downtown Cleveland and surrounding areas.
With separate heating and utilities for the duplex and updated systems throughout, this configuration can support a straightforward owner-occupant or investor strategy. The fully renovated condition and multi-building layout provide flexibility for managing rentals while keeping both structures under one ownership on the same lot.
Key Highlights
- Duplex plus separate single‑family home on one lot in Cleveland’s southeast side (year built 1910)
- Front duplex includes two 3‑bedroom, 1‑bath units
- Projected market rents: approximately $1,200+ per duplex unit and $1,600+ for the single‑family home
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $17.88 |
| − Vacancy | −$1.5k | −$0.80 |
| EGI | $32.2k | $17.08 |
| − OpEx | −$9.7k | −$5.12 |
| NOI | $22.6k | $11.95 |
