1355 Addison Rd Cleveland, OH 44103
Hough NeighborhoodEstimated payment $1,262/month
Highlights
- 0.21 Acre Lot
- Forced Air Heating System
- South Facing Home
- 2 Car Detached Garage
- Ceiling Fan
About This Home
Investor Opportunity – 1355 Addison Rd, Cleveland, OH 44103 We’re excited to present this 4 unit multi-family home, a lead-safe certified investment property offering strong, reliable cash flow in an active Cleveland rental market. The property is currently generating $2,200 per month, and with a tenant placed in Unit 1, it can bring in an additional $1,100, raising the total projected monthly income to $3,300. This makes the property an excellent option for investors seeking stable returns, compliant with Cleveland's lead-safe requirements, and long-term value growth. With steady rental demand and immediate income—plus additional upside once fully occupied—this property stands out as a smart portfolio addition. If you're looking for a cash-flowing, lead-safe, high-yield investment, 1355 Addison Rd is absolutely worth consideration.
Listing Agent
LPT Realty Brokerage Email: threatdevonte@gmail.com, 216-469-9764 License #2023003440 Listed on: 01/07/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 9,148 Sq Ft Lot
- South Facing Home
Parking
- 2 Car Detached Garage
- Driveway
Home Design
- Brick Exterior Construction
- Fiberglass Roof
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Unfinished Basement
- Laundry in Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 106-04-088
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,804 | $46,550 | $3,640 | $42,910 |
| 2023 | $1,011 | $10,120 | $3,640 | $6,480 |
| 2022 | $1,009 | $10,120 | $3,640 | $6,480 |
| 2021 | $1,012 | $10,120 | $3,640 | $6,480 |
| 2020 | $2,074 | $13,650 | $3,260 | $10,400 |
| 2019 | $1,337 | $39,000 | $9,300 | $29,700 |
| 2018 | $1,452 | $13,650 | $3,260 | $10,400 |
| 2017 | $1,597 | $15,720 | $3,400 | $12,320 |
| 2016 | $1,597 | $15,720 | $3,400 | $12,320 |
| 2015 | $1,894 | $15,720 | $3,400 | $12,320 |
| 2014 | $1,894 | $18,730 | $4,060 | $14,670 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/07/2026 01/07/26 | For Sale | $165,000 | -10.8% | -- | |
| 04/30/2025 04/30/25 | Sold | $185,000 | -6.3% | $65 / Sq Ft | View Prior Sale |
| 04/11/2025 04/11/25 | Pending | -- | -- | -- | |
| 03/07/2025 03/07/25 | Price Changed | $197,500 | -1.3% | $69 / Sq Ft | |
| 02/03/2025 02/03/25 | For Sale | $200,000 | +50.4% | $70 / Sq Ft | |
| 03/04/2022 03/04/22 | Sold | $133,000 | -14.2% | $47 / Sq Ft | View Prior Sale |
| 01/14/2022 01/14/22 | Pending | -- | -- | -- | |
| 01/05/2022 01/05/22 | Price Changed | $154,999 | +3.3% | $54 / Sq Ft | |
| 01/04/2022 01/04/22 | For Sale | $149,999 | 0.0% | $53 / Sq Ft | |
| 12/15/2021 12/15/21 | Pending | -- | -- | -- | |
| 12/07/2021 12/07/21 | For Sale | $149,999 | 0.0% | $53 / Sq Ft | |
| 11/23/2021 11/23/21 | Pending | -- | -- | -- | |
| 11/19/2021 11/19/21 | For Sale | $149,999 | +284.6% | $53 / Sq Ft | |
| 07/17/2017 07/17/17 | Pending | -- | -- | -- | |
| 10/06/2016 10/06/16 | For Sale | $39,000 | -- | -- |
Source: MLS Now
MLS Number: 5180039
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