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$ 175,000
Est. payment /mo
New
889 E 143rd ST Cleveland, OH 44110
8 Beds
4 Baths
5,700 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,700 sqft
Price per Sqft $30
Subdivision Cowles Brooks & Smyth
MLS Listing ID 5207661
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,800
Year Built 1926
Annual Tax Amount $4,004
Tax Year 2025
Lot Size 5,318 Sqft
Acres 0.1221
Property Sub-Type Quadruplex
Property Description
Value-Add 4-Unit with Major Capital Improvements Already Completed! Located just south of the growing Collinwood Arts District, 889 E 143rd offers investors the opportunity to increase cash flow where many of the major expenses have already been addressed. This 4-unit building consists of 2-bedroom units and currently has two paying tenants, one vacant unit ready for light cosmetic updates, and one non-paying tenant in need of eviction. Current rents include Unit 2 at $475/month plus $50 water reimbursement and Unit 4 at $800/month, leaving significant room for future rental growth once stabilized. Unit 3 has already been cleaned out and can be turned quickly with minor updates.Recent improvements include a brand-new roof (2025), all new windows in Unit 3 (2025), all hot water tanks replaced (2026), serviced furnaces in strong working condition (2026), and cleaned-up electrical. The owner has also invested thousands into pest-proofing the property following concerns from Unit 4. Market rents are around $950 which produces a 15% cap rate once all units are renovated. Located near the shops, restaurants, galleries, and nightlife of the Collinwood Arts District—including local favorite Six Shooter Coffee—and minutes from Euclid's major waterfront redevelopment project improving public access to Lake Erie, this property offers both immediate upside and long-term neighborhood growth potential. Create value with some minor updates or even house hack and live in one of the units, either way- this is a great investment. Please note: the seller is not offering seller financing.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Flat
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Brooklyn Csd - 1807
Others
Tax ID 115-02-023
Listed by Erin Thomas • Keller Williams Living • Erinthomas@kwcommercial.com, 440-670-2300