About This Home

This 8-bedroom, 4-bathroom multi-family at 10413 Yale Avenue in Cleveland, OH is listed for $175,000. Built in 1918, on a 0.14 acres lot.

Key Features

  • Built in 1918
  • 0.14 acre lot
  • 2 stories

Property Details

2 stories
4 full
1918
Listing Description

Investor opportunity! This fully occupied four-unit property offers immediate cash flow with below-market rents totaling $2305, creating a compelling value-add opportunity for investors seeking both current income and future growth. With current operations generating an approximate 11.5% cap rate based on existing rents and known expenses, this property provides strong in-place returns from day one.

As units turn over, investors have the opportunity to renovate and bring rents closer to market levels, potentially increasing cash flow and overall property value. Whether you're looking to expand an existing portfolio or acquire a multifamily asset with upside potential, this property checks the boxes: stable occupancy, strong current income, below-market rents, and room to increase returns over time.

Offered at an attractive price point, this is an excellent opportunity to acquire a cash-flowing asset with built-in value-add potential.

Monthly Cost Estimate

$936/mo

20% down · 6.5% · 30 years

Principal$127
Interest$758
Insurance$51

Estimates only. Actual payments may vary.

Location

10413 Yale Avenue

Cleveland, OH 44108

Low & Edwards

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 8-bedroom, 4-bathroom multi-family at 10413 Yale Avenue is listed at $175,000. The estimated monthly payment is $936 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1918, 0.14 acre lot, 2 stories.

This property is listed by Jermaine R Burge.

JB

Jermaine R Burge

License 2019000071

Agent at Greater Cleveland

Listed by Greater Cleveland · Broker phone: (216) 839-5500 · View on Broker Site · Broker website

MLS# 5217220· Source: MLS Now· 146 days on PropertySimple

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

10413 Yale Avenue, Cleveland, OH 44108

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