Property 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.

5603 Hege Avenue | MLS# 5256163

This multi-family property located at 5603 Hege Avenue, Cleveland, OH 44105 is currently listed for sale with an asking price of $229,000. Hege Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.dominicfonte.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Full, Unfinished

Cooling: None

Days on Market: 1

Heating: Gas, Hot Water, Steam

Lot Size: 0.15 Acres

Roof Type: Asphalt, Fiberglass

Stories: 2.0

Taxes: $2,184 / year

Year Built: 1920

Feature Descriptions

Exterior: Frame

Parcel#: 132-17-032

Parking: Driveway

Sewer: Public Sewer

View: Neighborhood

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

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Estimated Payment

$ 1,538.55 per month $1,289.75 Principal & Interest $182.00 Property Tax $66.79 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 10/30/2026. The listing information on this page last changed on 10/30/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 10/30/2026 12:00:00 AM EST) or Dayton MLS (last updated Thu 10/29/2026 11:46:54 PM EST) or CBRMLS (last updated Thu 10/29/2026 11:55:16 PM EST) or Multiple Listing Service of Greater Cincinnati (last updated Thu 10/29/2026 11:53:39 PM EST) or NKY MLS (last updated Thu 10/29/2026 11:28:46 PM EST) or Wrist MLS (last updated Thu 10/29/2026 11:27:41 PM EST) or Firelands MLS (last updated Thu 10/29/2026 11:11:43 PM EST) or MLS NOW (last updated Thu 10/29/2026 11:57:44 PM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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5603 Hege AvenueCleveland, OH 44105

TOUR THIS HOME

Property Description

5603 Hege Avenue | MLS# 5256163

Property Features

Feature Descriptions

Local Schools

Estimate Your Payment

Change Payment Information

5603 Hege AvenueCleveland, OH 44105

TOUR THIS HOME

Property Description

5603 Hege Avenue | MLS# 5256163

Property Features

Feature Descriptions

Local Schools

Estimate Your Payment

Change Payment Information

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