Property Description

Solid 4-unit investment opportunity with recent updates throughout. This well-maintained property features an excellent unit mix including two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units, offering strong rental appeal for a wide range of tenants. Each unit includes spacious living and dining rooms, providing comfortable layouts that tenants appreciate. All units have been recently upgraded with new flooring along with renovated kitchens and bathrooms, making this an attractive addition to any investor's portfolio. One unit is currently rented at $1,196 per month, with the remaining units positioned for additional income potential. With larger unit sizes, functional layouts, and recent interior improvements, this property offers strong rental demand and long-term income stability. A great opportunity for investors seeking a solid multi-family asset with updated interiors and value-add potential.

12420 Union Avenue | MLS# 5193460

This multi-family property located at 12420 Union Avenue, Cleveland, OH 44105 is currently listed for sale with an asking price of $280,000. Union Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Unfinished

Cooling: None

Days on Market: 2

Heating: Forced Air

Lot Size: 0.19 Acres

Roof Type: Flat

Stories: 2.0

Taxes: $1,436 / year

Year Built: 1923

Feature Descriptions

Exterior: Brick, Vinyl Siding

Parcel#: 137-03-001

Parking: Driveway

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 12420 Union Avenue, Cleveland, OH 44105

Fips

Fips Code 39035

Population

2020 to 2023 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2023 Estimate (V2023) 1,233,088

2020 Estimate (V2023) 1,264,775

Age Distribution (Years Old)

0 to 4 5.3%

5 to 17 20.3%

18 to 64 54.8%

65 and Older 19.6%

Gender

Male 48.1%

Female 51.9%

Place of Birth

Foreign 7.6%

US 92.4%

Education

High School Graduate, Age 25+ 90.9%

Bachelor's Degree or Higher, Age 25+ 35.2%

Computer and Internet use

Households with a computer 92.0%

Households with a broadband Internet subscription 85.7%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 60,427

Income

Per Capita Income $39,807

Median Household Income $60,074

People in Poverty 16.6%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 552,421

Average Household Size 2.23

Owner-Occupied 58.4%

Multi-Family 34.9%

Owner-Occupied Median Value $168,700

Median selected monthly owner costs -with a mortgage $1,472

Median selected monthly owner costs -without a mortgage $630

Median gross rent $952

Building Permits

New Private Housing Issued 2023 1,028

Years at Residence

1 Year or More 86.1%

Less Than 1 Year 13.9%

Business and Employment

Private non-farm Establishments 31,738

Private non-farm Employment 631,443

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 105,877

Number of Firms 114,192

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,567.45 per month $1,366.12 Principal & Interest $119.67 Property Tax $81.67 Homeowner's Insurance

Change Payment Information

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12420 Union AvenueCleveland, OH 44105