5603 Hege Avenue Cleveland, OH 44105
Listing Courtesy of: MLS LogoYES MLS / Listed By: Daniel Zembiak, Century 21 Homestar - Contact:  dan@realclevelandhomes.com, 216-533-3072

  5603 Hege Avenue Cleveland, OH 44105

Active (1 Days)
$229,000 (USD)
7
BED
4
BATH
2,714
SQFT

Description

Unbelievable investment opportunity! Turn-key, cash-flowing 4-plex featuring two separate duplexes situated on one single parcel. Generating $3,085 per month in gross rent, this property boasts a rare 10% Cap Rate. The heavy lifting has already been done with massive capital improvements completed within the past 6 years: complete electrical upgrade (fully rewired with new panels), all-new plumbing, new furnaces, new hot water tanks, a new roof on the front house, newer siding, and windows. Property is also LEAD CERTIFIED. Fully occupied by long-term, stable tenants on month-to-month leases, offering immediate steady cash flow from day one. Don't miss this insulated, low-maintenance portfolio builder.

MLS #:
5256163
Taxes
$2,184(2025)
Lot Size
6,617 SQFT
Type
Multifamily
Year Built
1920
Views
Neighborhood
School District
Cleveland Municipal - 1809
County
Cuyahoga County

Listed By

Daniel Zembiak, Century 21 Homestar, Contact: dan@realclevelandhomes.com, 216-533-3072
Source
YES MLS
Last checked Oct 27 2026 at 11:06 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
Heating and Cooling
  • Gas
  • Hot Water
  • Steam
Basement Information
  • Full
  • Unfinished
Exterior Features
  • Roof: Asphalt
  • Roof: Fiberglass
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Parking
  • Driveway
Stories
  • 2
Living Area
  • 2,714 sqft
Additional Information: Homestar | dan@realclevelandhomes.com, 216-533-3072
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Mortgage calculator estimates are provided by C21 HomeStar and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 YES MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/27/26 04:06