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4-Unit Residential Quadplex
For Sale
$215,000

6538 Newman Avenue, Cleveland, OH 44127

Each apartment has a two-bedroom, one-bathroom layout.

Property Size4,752 SF
Price / SF$45.24
Days on Market196

Property Features for 6538 Newman Avenue

General Information

Standard status Active
Size 4,752 SF
Property subtype Quadruplex

Site & Location

Neighborhood Garden Valley
Highway Access Yes
Road Access Yes

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $6,060

Building Details

Building Size 4,752 SF
Year Built 1915
Listing Agency: Keller Williams Greater Metropolitan
Listed By: Cliff Louis · License #2017000582
Source: Lifestagesrealty
Added: Apr 15 Changed: Oct 26 Last Checked: Oct 26 at 3:40PM

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 Keller Williams Greater Metropolitan

Rey
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Investment Insights

Based on property information with market context.

This 4,752-square-foot quadplex contains four apartments, each arranged with two bedrooms and one full bathroom. The building dates to 1915.

The property is on a brick dead-end street in Cleveland, about five minutes from I-480 and ten minutes from Downtown Cleveland.

Key Highlights

  • Four apartments, each with 2 bedrooms and 1 full bathroom
  • 4,752 square feet of building area
  • Built in 1915

Property Analytics

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Lease Details

4
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

371
Businesses Nearby

Demographics for 44127, OH

4,179
Population
2,182
Households
1.9
Avg Household Size
37
Median Age
10%
College-Educated
67%
High-School Grad
1.8 sq mi
ZIP Area
2,322
Density / Sq Mi
$32,955
Median Household Income
$29,000
Median Earnings
$657
Median Rent
$50,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Each apartment has a two-bedroom, one-bathroom layout.
Where is this quadplex located?
The property is located at 6538 Newman Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 full bathroom; 4,752 square feet of building area; Built in 1915
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