9223 Adams Avenue, Cleveland, Ohio image 1
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9223 Adams Avenue

Cleveland, OH 44108
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$175,500 $739/Mo
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Bed 7

Bed

Bath 3

Bath

Acres0.09

Acre(Lot)

Turnkey as-is investment opportunity with strong value-add upside and cash-cow potential at 9223 Adams Avenue in Cleveland. This duplex features two 2-bedroom, 1-bath units and is being delivered vacant and rent ready, allowing the next owner to immediately place tenants and begin generating income. The property is underwritten at $2,320 per month in combined HUD Fair Market Rent, supporting an estimated 10.09% cap rate as currently configured. What makes Adams especially attractive is the combination of turnkey condition today and significant upside tomorrow. The property is Lead Safe Certified and can be operated as-is, while the existing third-floor layout creates a compelling value-add opportunity. The building was previously used as a triplex, and the upper level still includes two additional bedrooms, a full bathroom, kitchen plumbing and electrical, and a great room. This creates a potential path to convert the upper unit into a 5-bedroom unit, increasing achievable HUD rent, or potentially restore an additional income-producing unit subject to current City of Cleveland zoning and approvals. Located in Cleveland's 44108 Glenville area, the property is minutes from University Circle, Case Western Reserve University, Cleveland Clinic, and University Hospitals, providing convenient access to some of Northeast Ohio's largest employment centers. 9223 Adams 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 portfolio. For investors seeking a turnkey cash-flowing asset with strong value-add potential, Adams offers the ability to operate the property as-is while retaining multiple opportunities to increase future rental income and overall property value.

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Detail Ic Property Details

Property Type : Residential Income

Price : $175,500

AD Id : 91365179

MLS Id : 5246472

Beds : 7

Lot Size : 0.09 Acre

Tax Amount : $939

Year Built : 1926

County : Cuyahoga

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Rooms Total: 13 Has Basement: Yes

  • Roofing Information

    Asphalt

  • Interior Features

    Roof: Asphalt

  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air Cooling: None

  • Building Information

    Year Built: 1926 Construction Materials: Wood Siding Private Pool: No

  • Lot Information

    Main Square Feet: 0.0892 Acres Lot Size Acres: 0.0892 Lot Size Source: Assessor

    Property Information

    Subdivision: Superior Park 04 Source Property Type: Residential Income Property SubType: Duplex Levels: Three Or More Property Age: 100

  • Listing Price Information

    Listing Price: $175500

  • Tax Information

    Parcel Number: 109-02-115 Tax Year: 2025 Annual Tax: $939 Tax Legal Desc: 376 SUPPK#4 S/L627EP 0626 WP

  • Parking Information

    Driveway

  • Location Information

    Direction: W off E 93rd WaterSource: Public
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Nearby Home Value

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1887 Lampson Road, Cleveland, OH, 44108 $199,000 4 2 2,731 0.12 Acre
628 E 131st Street, Cleveland, OH, 44108 $159,900 4 2 -- 0.11 Acre
889 E 128th Street, Cleveland, OH, 44108 $59,900 6 3 2,000 0.10 Acre
12811 Austin Avenue, Cleveland, OH, 44108 $124,900 4 2 -- 0.07 Acre
684 E 128th Street, Cleveland, OH, 44108 $89,000 4 2 2,436 0.12 Acre
915 Eddy Road, Cleveland, OH, 44108 $219,900 8 4 -- 0.09 Acre
474 E 128th Street, Cleveland, OH, 44108 $97,500 4 2 2,569 0.08 Acre
12706 Iowa Avenue, Cleveland, OH, 44108 $87,900 4 2 2,128 0.09 Acre
12413 Saywell Avenue, Cleveland, OH, 44108 $262,000 6 5 4,944 0.16 Acre
957 Parkway Road, Cleveland, OH, 44108 $165,000 7 3 4,265 0.11 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: 5246472 LISTED BY: Kim Lewis, Home Equity Realty Group 330-952-2244 SOURCE: MLS Now

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