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10906 Nelson Avenue

Cleveland, OH 44105
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$175,500 $739/Mo
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Bed 4

Bed

Bath 3

Bath

Acres0.09

Acre(Lot)

Strong turnkey, as-is investment opportunity with immediate cash flow and significant value-add upside at 10906 Nelson Avenue in Cleveland. This duplex features two 2-bedroom, 1-bath units and is fully occupied, providing rental income from day one. Current in-place rent totals $1,680 per month, while HUD Fair Market Rent is approximately $2,140 per month, creating a substantial $460-per-month rent gap and clear opportunity to increase income over time. As currently rented, the property underwrites to an estimated 7.13% cap rate, with the opportunity to increase that to approximately 9.2% at HUD Fair Market Rent using the same expense assumptions. Because the property is already fully occupied and Lead Safe Certified, the value-add opportunity can be captured through future rent adjustm ents and natural tenant turnover rather than requiring a major renovation or construction project. Located in Cleveland's 44105 ZIP code, Nelson Avenue offers convenient access to I-77, the Opportunity Corridor, University Circle, Cleveland Clinic, shopping, public transportation, and major employment centers. 10906 Nelson Avenue is also available as part of a four-duplex, eight-unit Cleveland investment portfolio offered at $702,000. The portfolio includes 15332 Welton Dr, 3611 E 116th St, 9223 Adams Ave, and 10906 Nelson Ave, with more than $120,000 in capital improvements completed across the properties, including a combination of roofs, furnaces, hot water tanks, Lead Safe certifications, plumbing and sewer work, porches, gutters, windows, cabinets, appliances, and interior improvements. For investors looking for a turnkey cash cow with tenants already in place and strong built-in value-add potential, Nelson offers immediate income today with meaningful room to grow rents toward current HUD levels over time. No showings without an accepted offer.

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Detail Ic Property Details

Property Type : Residential Income

Price : $175,500

AD Id : 91365180

MLS Id : 5246474

Beds : 4

Lot Size : 0.09 Acre

Tax Amount : $1,002

Year Built : 1929

County : Cuyahoga

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 3 Full Baths: 2 Half Baths: 1

    Room Information

    Rooms Total: 10 Has Basement: Yes

  • Roofing Information

    Asphalt

  • Interior Features

    Roof: Asphalt

  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air Cooling: None

  • Building Information

    Year Built: 1929 Construction Materials: Wood Siding Stories: 2 Private Pool: No

  • Lot Information

    Main Square Feet: 0.0872 Acres Lot Size Acres: 0.0872 Lot Size Source: Assessor

    Property Information

    Subdivision: Home Gradens Allotment Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 97

  • Listing Price Information

    Listing Price: $175500

  • Tax Information

    Parcel Number: 136-05-057 Tax Year: 2025 Annual Tax: $1002 Tax Legal Desc: 459 HOMEGAR 0326 NP

  • Parking Information

    Driveway

  • Location Information

    Direction: W off of Matilda Ave WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
13611 Beachwood Avenue, Cleveland, OH, 44105 $137,000 4 2 1,690 0.12 Acre
13701 Benwood Avenue, Cleveland, OH, 44105 $135,000 6 2 -- 0.09 Acre
4064 E 136th Street, Cleveland, OH, 44105 $190,000 4 2 1,959 0.11 Acre
13313 Ferris Avenue, Cleveland, OH, 44105 $130,000 4 2 3,097 0.13 Acre
13305 Ferris Avenue, Cleveland, OH, 44105 $112,000 4 2 2,054 0.13 Acre
4236 E 131st Street, Cleveland, OH, 44105 $137,000 7 3 2,540 0.11 Acre
4309 E 128th Street, Cleveland, OH, 44105 $99,000 5 2 1,714 0.12 Acre
12500 Ferris Avenue, Cleveland, OH, 44105 $85,000 4 2 1,938 0.13 Acre
3963 E 123rd Street, Cleveland, OH, 44105 $150,000 6 3 -- 0.09 Acre
12524 Union Avenue, Cleveland, OH, 44105 $200,000 10 4 -- 0.19 Acre

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 09/20/2026 @ 14:19

MLS: 5246474 LISTED BY: Kim Lewis, Home Equity Realty Group 330-952-2244 SOURCE: MLS Now

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