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Renovated Quadplex with Stable Tenancy
New
For Sale
$950,000

8403 Detroit Avenue, Cleveland, OH 44102

ResidentialIncome, Cleveland, OH

Property SizeContact for details
Lot Size0.09 Acres
Days on Market5

Property Features for 8403 Detroit Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 3
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 2, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 4, Bathroom 3, Basement, Bedroom 3, Bedroom 1
Appliances Range, Refrigerator
Elementary school district Cleveland Municipal - 1809
Middle school district Cleveland Municipal - 1809
High school district Cleveland Municipal - 1809
Directions Corner of Detroit and 84th
Standard status Active
APN 002-20-010
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 29 RHODES V15-P2 0001 NP
Tax Annual Amount 5717
Legal Description 29 RHODES V15-P2 0001 NP

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1910
Floors in Building 2
Building materials Brick
Roof type Flat
Listing Agency: RE/MAX Above & Beyond · RE/MAX International
Listed By: Angela P Giarikos · License #2006001871
Added: Sep 14 Changed: Sep 18 Last Checked: Sep 18 at 4:06PM
MLS# 5241136

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.

This four-unit brick residential property was built in 1910 and includes a combination of one-bedroom and efficiency apartments. Recent improvements include a replacement roof, HVAC upgrades, electrical and plumbing work, and renovated interiors. Range and refrigerator appliances are included, with natural gas heat, a flat roof, and basement space. Public water and sewer serve the property.

All units are leased through 2027, and residents pay their own utilities. The property sits on 0.0854 acres at 8403 Detroit Avenue in Cleveland, near Edgewater Park and with access to downtown Cleveland and major highways.

Key Highlights

  • Four‑unit quadplex with one‑bedroom and efficiency apartments
  • All units leased through 2027
  • Updated roof, HVAC, electrical, plumbing, and interiors

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Law Firm Hair Salon Nail Salon Electrical Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

657
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Brick multifamily property with updated building systems and residents responsible for utility costs.
Where is this quadplex located?
The property is located at 8403 Detroit Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four‑unit quadplex with one‑bedroom and efficiency apartments; All units leased through 2027; Updated roof, HVAC, electrical, plumbing, and interiors
More about this property
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