6723 Clement Ave Cleveland, OH 44105
Slavic Village NeighborhoodEstimated payment $1,128/month
About This Home
Turnkey investment opportunity with immediate cash flow and serious upside potential! This fully rehabbed multi-family property features two spacious units, each offering 3 bedrooms and 1 full bathrooms—an extremely rare and desirable layout for both tenants and owner-occupants.
The lower unit is currently rented at $979/month, while the upper unit—previously rented at $1,150/month (Eden/CMHA)—will be delivered vacant, giving the next owner flexibility to set new lease terms or maximize rents right away. Based on current CMHA fair market rent, 3-bedroom units are projected at up to $1,720/month, leaving significant room to increase income and boost overall returns.
Whether you're an investor looking to expand your portfolio or a buyer interested in house hacking, this property offers the perfect setup—live in one unit while the other helps cover your mortgage.
The property has been completely rehabbed with newer mechanics, plumbing, and electrical, providing peace of mind and minimizing immediate capital expenses.
Don’t miss this opportunity to secure a cash-flowing asset with built-in equity and rental upside!
Listing Agent
Keller Williams Greater Metropolitan Brokerage Email: alexysjones@kw.com, 440-694-5551 License #2021001979 Listed on: 03/18/2026
Co-Listing Agent
Keller Williams Greater Metropolitan Brokerage Email: alexysjones@kw.com, 440-694-5551 License #2022006868
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,534
Year Built
- Built in 1910 | Remodeled
Lot Details
- 4,025 Sq Ft Lot
Parking
- 2 Car Garage
- Driveway
Home Design
- Frame Construction
- Asphalt Roof
Interior Spaces
- 2,396 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- Morison & Andrews Allotment Subdivision
Listing and Financial Details
- Assessor Parcel Number 132-24-038
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 |
|---|---|---|---|---|
| 2025 | $1,534 | $22,925 | $3,990 | $18,935 |
| 2024 | $1,516 | $22,925 | $3,990 | $18,935 |
| 2023 | $1,361 | $17,780 | $2,800 | $14,980 |
| 2022 | $1,353 | $17,780 | $2,800 | $14,980 |
| 2021 | $1,340 | $17,780 | $2,800 | $14,980 |
| 2020 | $1,358 | $15,580 | $2,450 | $13,130 |
| 2019 | $1,257 | $44,500 | $7,000 | $37,500 |
| 2018 | $1,253 | $15,580 | $2,450 | $13,130 |
| 2017 | $1,124 | $13,480 | $1,580 | $11,900 |
| 2016 | $1,115 | $13,480 | $1,580 | $11,900 |
| 2015 | $1,120 | $13,480 | $1,580 | $11,900 |
| 2014 | $1,120 | $13,480 | $1,580 | $11,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/18/2026 03/18/26 | For Sale | $190,000 | +175.4% | $79 / Sq Ft | |
| 09/27/2024 09/27/24 | Sold | $69,000 | -8.0% | $29 / Sq Ft | View Prior Sale |
| 08/11/2024 08/11/24 | Pending | -- | -- | -- | |
| 08/09/2024 08/09/24 | For Sale | $75,000 | -- | $31 / Sq Ft |
Source: MLS Now
MLS Number: 5194031
APN: 132-24-038
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Ask me questions while you tour the home.