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5603 Hege Avenue Cleveland, OH $ 229,000
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$ 229,000 Get more info
5603 Hege Avenue
$ 229,000
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5603 Hege Avenue

Cleveland, OH, 44105
$ 229,000
Bedrooms7 Baths4.0 Sq 2,714

Monthly Estimate*

$ 1,582

5603 Hege Avenue, Cleveland, OH 44105 - Image 1
5603 Hege Avenue, Cleveland, OH 44105 - Image 2
5603 Hege Avenue, Cleveland, OH 44105 - Image 3
5603 Hege Avenue, Cleveland, OH 44105 - Image 4
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5603 Hege Avenue, Cleveland, OH 44105 - Image 7
5603 Hege Avenue, Cleveland, OH 44105 - Image 8
5603 Hege Avenue, Cleveland, OH 44105 - Image 9
5603 Hege Avenue, Cleveland, OH 44105 - Image 10
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Multi-Family Home for sale in Cleveland, OH

for $229,000 with 7 bedrooms and 4 full baths. This 2,714 square foot home was built in 1920 on a lot size of 0.1519.

Unbelievable investment opportunity! Turn-key, cash-flowing 4-plex featuring two separate duplexes situated on one single parcel. Generating $3,085 per month in gross rent, this property boasts a rare 10% Cap Rate. The heavy lifting has already been done with massive capital improvements completed within the past 6 years: complete electrical upgrade (fully rewired with new panels), all-new plumbing, new furnaces, new hot water tanks, a new roof on the front house, newer siding, and windows. Property is also LEAD CERTIFIED. Fully occupied by long-term, stable tenants on month-to-month leases, offering immediate steady cash flow from day one. Don't miss this insulated, low-maintenance portfolio builder.

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Multi-Family Active

Price

$ 229,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,184

Style

Lot Size

0.1519

Year Built

1920

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5256163
Features
General
Sewer Public Sewer
Heating Gas Hot Water Steam
Cooling None
Possession Delivery Of Deed
Roof Asphalt Fiberglass
Construction Materials Frame
Year Built 1920
Tenant Pays Electricity Gas
View Neighborhood
Stories Count 2
Township Cleveland
Levels Two
Property Subtype Quadruplex
Tax Year 2025
County Cuyahoga
Property Type Residential Income
Attached Garage false
Facing Direction South
Garage Y/N false
Total Rooms 17
Full Baths 4
Status Active
Directions Harvard Ave to E 55th to Hege Ave.
City Cleveland
Disclosures Principal is Real Estate Licensed
High School District Cleveland Municipal - 1809
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 2184
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source Public Records
Property Sub Type Additional Quadruplex
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Interior
Basement Full Unfinished
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Above Grade Finished Area 2714
Half Baths 0
Total Bedrooms 7
Main Level Bathrooms 0
Above Grade Finished Area Source Public Records
Total Baths 4
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Exterior
Parking Features Driveway
Water Source Public
Lot Size Area 0.1519
Number of Buildings 2
Lot Size Acres 0.1519
Lot Size Source Public Records
Waterfront Y/N false
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* Excluded Features
List By
Daniel J Zembiak

Listing Agent

Century 21 Homestar

Broker

dan@realclevelandhomes.com

Email

Affordability Calculator

$1,764
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,582
Monthly Property Taxes
$182
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457981 Elementary School
4457986 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/26/2026$229,000 Listed Price

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5603 Hege Avenue, Cleveland, OH, 44105 is a Multi-Family Home for sale at $229,000 with 2,714 sqft and a lot size of 0.1519. 5603 Hege Avenue has 7 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 44105 which is in Cleveland, OH

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