8005 Lake AVE, Cleveland, OH 44102
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8005 Lake AVE, Cleveland, OH 44102
8005 Lake AVE, Cleveland, OH 44102
8005 Lake AVE, Cleveland, OH 44102
8005 Lake AVE, Cleveland, OH 44102
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$ 425,000
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8005 Lake AVE Cleveland, OH 44102

4 Beds

4 Baths

3,030 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,030 sqft

Price per Sqft $140

Subdivision Brooklyn

MLS Listing ID 5219364

Bedrooms 4

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 3,030

Year Built 1915

Annual Tax Amount $5,569

Tax Year 2025

Lot Size 3,314 Sqft

Acres 0.0761

Property Sub-Type Quadruplex

Property Description

This beautifully updated and rare brick 4-unit multifamily property is located on the historic Lake Avenue between Clifton blvd and Detroit Ave, in one of Cleveland's most desirable and rapidly appreciating neighborhoods. Just one block from 78th Street Studios and minutes from Edgewater Beach, Gordon Square, Ohio City, Tremont and downtown, this location offers unbeatable proximity and tenant appeal. Four 1-bedroom, 1-bathroom units feature a mix of refinished hardwood floors, high ceilings, updated bathrooms, stainless steel appliances, separate climate control and separate washer/dryer in the basement for each unit.

Recent major improvements include new windows (2023) and a new EPDM roof (2024), delivering immediate peace of mind and lower maintenance costs for the next owner. The property also boasts an upstairs private deck and a downstairs covered deck, plus ample basement storage. Investor Highlights: strong rental demand and the possibility to add additional bedrooms or convert space for increased income. Adjacent to three Land Bank lots with outstanding opportunity for expansion, additional parking, or new construction (buyer to verify).

Solid bones, tasteful updates, and excellent curb appeal on a charming tree-lined street. This turnkey multi-family asset is perfectly positioned for both immediate cash flow and long-term appreciation in a high-demand area near parks, dining, arts, and entertainment. Whether you're looking for a solid income producer or a value-add project with upside, this Lake Avenue property checks every box.

Location

State OH

County Cuyahoga

Direction Northeast

Rooms

Basement Full, Interior Entry, Storage Space, Unfinished

Interior

Interior Features Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Storage, Track Lighting

Heating Forced Air

Cooling Wall/Window Unit(s)

Fireplace No

Window Features Blinds,Double Pane Windows,Insulated Windows,Screens,Window Treatments

Appliance Dryer, Range, Refrigerator, Washer

Laundry In Basement

Exterior

Exterior Feature Awning(s), Balcony, Private Entrance

Parking Features Additional Parking, Asphalt, Driveway

Fence Back Yard, Gate

View Y/N Yes

Water Access Desc Public

View City

Roof Type Rubber

Porch Balcony

Private Pool No

Building

Faces Northeast

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 002-01-050

Security Features Smoke Detector(s)

Special Listing Condition Standard


IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Brian Shapiro • Cleveland Realty Services • brian@clevelandrealtyservices.com, 440-720-4130
Laura Vandervaart

Laura Vandervaart

Associate Broker / Team Leader | License ID: BRK2024003964

+1(330) 575-8446

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8005 Lake AVE