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8005 Lake Avenue

Cleveland, OH 44102

$425,000 $1,791/Mo

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Overview

Bed

Bath

3,030

Sqft

0.08

Acre(Lot)

Description

This beautifully updated and rare brick 4-unit multifamily property is located on the historic Lake Avenue between Clifton blvd and Detroit Ave, in one of Cleveland’s most desirable and rapidly appreciating neighborhoods. Just one block from 78th Street Studios and minutes from Edgewater Beach, Gordon Square, Ohio City, Tremont and downtown, this location offers unbeatable proximity and tenant appeal. Four 1-bedroom, 1-bathroom units feature a mix of refinished hardwood floors, high ceilings, updated bathrooms, stainless steel appliances, separate climate control and separate washer/dryer in the basement for each unit. Recent major improvements include new windows (2023) and a new EPDM roof (2024), delivering immediate peace of mind and lower maintenance costs for the next owner. The pr operty also boasts an upstairs private deck and a downstairs covered deck, plus ample basement storage. Investor Highlights: strong rental demand and the possibility to add additional bedrooms or convert space for increased income. Adjacent to three Land Bank lots with outstanding opportunity for expansion, additional parking, or new construction (buyer to verify). Solid bones, tasteful updates, and excellent curb appeal on a charming tree-lined street. This turnkey multi-family asset is perfectly positioned for both immediate cash flow and long-term appreciation in a high-demand area near parks, dining, arts, and entertainment. Whether you’re looking for a solid income producer or a value-add project with upside, this Lake Avenue property checks every box.

Property Details

Property Type : Residential Income

Price : $425,000

AD Id : 85011419

MLS Id : 5219364

Beds : 4

Lot Size : 0.08 Acre

Living Area Size : 3,030

Year Built : 1915

County : Cuyahoga

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 4 Full Baths: 4

Room Information

Has Basement: Yes Basement: Full, Interior Entry, Storage Space, Unfinished
Roofing Information

Rubber
Interior Features

Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Storage, Track Lighting Roof: Rubber Appliances: Dryer, Range, Refrigerator, Washer Laundry Features: In Basement Window Features: Blinds, Double Pane Windows, Insulated Windows, Screens, Window Treatments
Heating & Cooling

Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Ceiling Fan(s), Wall/Window Unit(s)

Building Information

Year Built: 1915 Construction Materials: Brick Stories: 2 Private Pool: No View: City
Exterior Features

Exterior Features: Balcony, Awning(s), Private Entrance

Lot Information

Main Square Feet: 0.0761 Acres Lot Size Acres: 0.0761 Lot Size Source: Assessor

Property Information

Subdivision: Brooklyn Source Property Type: Residential Income Property SubType: Quadruplex Direction Faces: Northeast Levels: Two Property Age: 111

Listing Price Information

Listing Price: $425000

Tax Information

Parcel Number: 002-01-050 Tax Year: 2025 Annual Tax: $5569.16 Tax Legal Desc: 29 WP 83FT W OF W 80 ST

Parking Information

Additional Parking, Asphalt, Driveway

Location Information

Direction: Lake rd. just south of route 2 and west of 65th. WaterSource: Public Security Features: Smoke Detector(s)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3304 W 46th Street, Cleveland, OH, 44102	$136,000	3	2	--
3411 W 49th Street, Cleveland, OH, 44102	$227,500	4	3	1,782	1,782 SqFt
3318 W 48th Street, Cleveland, OH, 44102	$180,000	4	2	1,932	1,932 SqFt
3404 W 49th Street, Cleveland, OH, 44102	$230,000	6	2	2,988	2,988 SqFt
3152 W 48th Street, Cleveland, OH, 44102	$130,000	5	3	--
3618 W 49th Street, Cleveland, OH, 44102	$129,000	4	2	2,312	2,312 SqFt
3206 W 50th Street, Cleveland, OH, 44102	$135,000	4	2	1,888	1,888 SqFt
4809 Fenwick Avenue, Cleveland, OH, 44102	$154,900	7	3	1,160	1,160 SqFt
1960 W 48 Street, Cleveland, OH, 44102	$214,900	4	2	1,718	1,718 SqFt
3062 W 51st Street, Cleveland, OH, 44102	$209,900	5	2	1,785	1,785 SqFt

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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 06/19/2026 @ 06:12

MLS: 5219364 LISTED BY: Brian Shapiro, Cleveland Realty Services 440-201-4469 SOURCE: MLS Now