Estimated payment $1,501/month
About This Home
Strong investment opportunity in a desirable Parma neighborhood known for consistent rental demand and long-term appreciation. This fully renovated duplex is fully occupied with long term tenants and generating $1,955 per month in rental income, providing immediate, stable cash flow from day one. The property was taken down to the studs by the current owner and features all new interior finishes along with updated mechanicals, electrical, and plumbing systems, minimizing deferred maintenance concerns. There is also clear upside with for rent increases, along with additional value-add potential from the partially finished third floor to expand bedroom count to capture even higher rents in the upper unit and overall property value. Located in a strong rental area with convenient access to shopping, dining, and major highways. Seller is highly motivated and willing to offer concessions toward buyer closing costs or rate buydown. Ideal for investors looking to acquire a turn-key asset with built-in upside. Professional property management resources are available for out of state investors, including leasing coordination, marketing support, tenant communication, maintenance, and repair resources. For buyers looking to grow their Cleveland rental portfolio or acquire an income-producing asset with cash flow already in place, this property is positioned to offer a more streamlined ownership experience for out-of-state investors. Full financial analysis available upon request. Schedule your showing today.
Listing Agent
Home Equity Realty Group Brokerage Email: Garrett.Rowan@HEQRealty.com; 803-992-1429 License #2017004453 Listed on: 03/20/2026
Co-Listing Agent
Home Equity Realty Group Brokerage Email: Garrett.Rowan@HEQRealty.com; 803-992-1429 License #2025003866
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,525
Year Built
- Built in 1931
Parking
- 2 Car Detached Garage
Home Design
- Duplex
- Fiberglass Roof
- Asphalt Roof
- Aluminum Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Additional Features
- 3-Story Property
- 5,445 Sq Ft Lot
- Forced Air Heating and Cooling System
- Basement
Listing and Financial Details
- Assessor Parcel Number 443-20-093
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/04/2026 04/04/26 | Pending | -- | -- | -- |
| 03/20/2026 03/20/26 | For Sale | $223,900 | -- | -- |
Source: MLS Now
MLS Number: 5194944
- 6606 Laverne Ave
- 6813 Ridgewood Ave
- 6014 Laverne Ave
- 7510 Manhattan Ave
- 7615 Kenilworth Ave
- 5911 Velma Ave
- 5807 Luelda Ave
- 6307 Westlake Ave
- 7507 Arden Ave
- 5406 Theota Ave
- 7618 Wooster Pkwy
- 6706 Gilbert Ave
- 8006 Pinegrove Ave
- 7411 Wooster Pkwy
- 5915 Forest Ave
- 8122 Fernhill Ave
- 8115 Liberty Ave
- 5007 Russell Ave
- 5110 Montauk Ave
- 5276 W 83rd St
Ask me questions while you tour the home.