OH
Cuyahoga
Cleveland
44106
10628-10630 Lee Avenue
10628-10630 Lee Avenue, Cleveland, OH 44106
Share Listing
Listing Type
Multi Family
Listing Status
Active
38
$579,900

Home Details for 10628-10630 Lee Avenue

Price
$579,900
Type
Residential Income
Bedrooms
8
Bathrooms
6.0
Square feet
2516
Year built
1910
Lot size acres
0.1194
County
Cuyahoga
Garage
Basement
Full, Unfinished
Days on site
94
MLS Listing#
5140564
Property Description

One-of-a-kind investment opportunity to acquire a massive side-by-side duplex, fully remodeled in 2021 and benefiting from a 15-year tax abatement (about 11 years remaining). Each spacious unit offers four bedrooms and two and a half baths, and the property comes fully furnished and beautifully decorated. Currently leased to a tenant operating as an Airbnb arbitrage and leased for $5,000 per month with the tenant covering all utilities except water, this property provides an impressive as-is cap rate of over 8%. There’s significant upside potential with the ability to raise rents or operate directly as a short-term rental, pushing returns above a 10% cap rate with strong double digit cash on cash returns. You can also just move into a masterfully renovated unit and lease the second or airbnb it to pay for your mortgage! So many options with this gem. Just steps from the Cleveland Clinic main campus, University Circle, Little Italy, restaurants, shopping, and so much more, this is truly a prime location and a rare chance to acquire a fully turnkey, income-producing property in the heart of it all. *Note: County auditor website states that there are 4 bedrooms and 4 baths but the owner states that there are 8 bedrooms, 4 full bathrooms and 2 half-baths.

Property Features
  • Basement
    • Full
    • Unfinished
  • Cooling Information
    • Central Air
  • Heating Information
    • Forced Air
  • Water Features
    • Public
  • Parking
    • On Site
Listing Courtesy: Russell Real Estate Services - 440-201-9850
The information being provided is 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. Listing information provided courtesy of the Northern Ohio Regional Multiple Listing Service.
Last Updated: 2025-11-21 04:01:33
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from YES MLS.
EXIT RIVERBEND REALTY
220 Main St, Belpre, OH 45714
Jim Richards
CA BRE: #: WVS180300267
License #: sal.2019007897
Sales Representative
Office
740 860 3555
Agent
304 210 7379
Request more details
Code: