$789,000

8403 Detroit Avenue, Cleveland, OH 44102

other
Built in 1910
3,720sqft lot
—— car garage
$——/sqft
Listed 2 days ago

Property Description

Turnkey mixed-use investment opportunity in the highly desirable Detroit Shoreway neighborhood. This fully renovated property features 5 residential units and 3 occupied retail storefronts, generating $109,200 in annual income with a strong NOI of $95,603 (12.1% cap rate).*Residential units include 3 one-bedroom apartments and 2 efficiency units, all leased with stable tenancy through 2026-2027. Retail spaces are fully occupied with leases in place through 2026 and 2028, providing consistent commercial income.* The building has been extensively updated with a new roof, HVAC systems, updated electrical and plumbing, and fully renovated interiors, resulting in minimal deferred maintenance. Tenants pay utilities, keeping operating expenses low. Located just minutes from Edgewater Park with easy access to downtown Cleveland and major highways.

Listing Status:: Active
Data Last Updated:: April 2, 2026 at 7:19PM
Listing Office:: RE/MAX Above & Beyond : 440-546-1400
Listing Agent:: Angela P Giarikos : 216-598-0039
MLS ID:: 5196402

A/C: None
Heating: Gas

HOA Amenities: 1400.0
Originating MLS: NOWDD_NORM
School District: Cleveland Municipal - 1809
County: Cuyahoga

Zoning: 29 RHODES V15-P2 0001 NP002-20-010

Water: Public
Sewer: Public Sewer

Source: NOWDD_NORM

This listing courtesy of Angela P Giarikos , RE/MAX Above & Beyond

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Marion C. Seltzer PreK-8 School

1468 W 98th St, Cleveland, OH, 44102

Grades PK-8

0.49 miles away

Marion C. Seltzer PreK-8 School

1468 W 98th St, Cleveland, OH, 44102

Grades PK-8

0.49 miles away

Max S. Hayes High School

2211 W 65th St, Cleveland, OH, 44102

Grades 9-12

0.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.