Active

8701 Lake Avenue

Cleveland, OH 44102

$199,000 $838/Mo

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Overview

Bed

Bath

0.10

Acre(Lot)

Description

Mixed-use 3 units, Investor Special. Gross rent $2150.00/mo. Cleveland Lakewood line. Solid income stream in place at $25,800 annual gross income. Located on Cleveland side of Lakewood boarder. Residential rents re well under market with room to grow to $1200.00. Managers unit is a store that is currently rented and operating. Minutes to Edgewater, I90, and west side retail. Upside Alert: current rents trail Lakewood Market by 30%. Ideal for buyer looking to force appreciation. Priced aggressively at $229,000

Property Details

Property Type : Residential Income

Price : $199,000

AD Id : 75404649

MLS Id : 5187243

Beds : 6

Lot Size : 0.10 Acre

Year Built : 1900

County : Cuyahoga

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Has Basement: Yes
Roofing Information

Flat
Interior Features

Roof: Flat Laundry Features: Inside Window Features: Aluminum Frames
Heating & Cooling

Has Heating: Yes Heating: Natural Gas Cooling: None

Building Information

Year Built: 1900 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No

Lot Information

Main Square Feet: 0.0956 Acres Lot Size Acres: 0.0956 Lot Size Source: Public Records

Property Information

Subdivision: Davis & Grombachers Source Property Type: Residential Income Property SubType: Triplex Levels: Two Property Age: 126

Listing Price Information

Listing Price: $199000 Original Price: $229000

Tax Information

Parcel Number: 001-09-079 Tax Year: 2025 Annual Tax: $4914 Tax Legal Desc: 12 D&G 0029 NP

Parking Information

Off Street

Garage Information

Has Garage: Yes

Location Information

Direction: Lake Ave WaterSource: Public

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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
3020 W 47th Street, Cleveland, OH, 44102	$250,000	6	3	2,224	2,224 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

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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 06/17/2026 @ 04:28

MLS: 5187243 LISTED BY: Kal Alnazer, 2000 Professional Realty 440-717-9797 SOURCE: MLS Now