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About This Home
This 8-bedroom, 4-bathroom residential multi family at 6538 Newman Avenue in Cleveland, OH is listed for $220,000 ($46 per sqft). Built in 1915, the home offers 4,752 sqft of living space on a 0.15 acres lot.
NO WHOLESELLERS, NO ASSIGNMENT CONTRACTS, NO CREATIVE/SELLER FINANCING Semi-Turnkey 4-unit investment opportunity packed with potential! Each spacious unit features 2 bedrooms and 1 full bathroom, offering an ideal layout for attracting long-term tenants or maximizing rental income.
This property is primed for a new owner to step in, get the units rented, and start generating substantial cash flow. Conveniently located just 5 minutes from I-480 and only 10 minutes from Downtown Cleveland, this property offers easy access for commuters while maintaining a quiet residential feel.
Situated on a dead-end brick street, tenants will appreciate the added privacy and charm of a low-traffic setting. Whether you're an investor looking to expand your portfolio or seeking a value-add opportunity, this property delivers the space, location, and income potential to make it a strong addition to your holdings.
Key Features
- Built in 1915
- 0.15 acre lot
- 3 stories
Property Details
Monthly Cost Estimate
$1,177/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
6538 Newman Avenue
Cleveland, OH 44127
Newman
Property Details
Construction
Parking
Heating
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 6538 Newman Avenue is listed at $220,000 ($46/sqft). The estimated monthly payment is $953 based on 20% down at 6.5% interest.
Key features include: Built in 1915, 0.15 acre lot, 3 stories.
This property is listed by Cliff Louis and can be reached at 2035549020 or CliffLouis@kw.com.
