5 Beds
3 Baths
2,707 sqft
$150,000
9904 Parkgate Avenue, Cleveland OH, 44108
Price per sqft$55.41
Built in1911
Property size2,707 sqft
Property typeMulti-family
Overview
Active
Listed Oct 29, 2026
Updated 2 days ago
Expand your investment portfolio with this income-producing Cleveland triplex, offering established rental income and additional earning potential! With two occupied units and a vacant third unit, this property presents an opportunity to collect existing rents while working toward full occupancy.
Units 1 and 2 each feature 2 bedrooms and 1 full bathroom, while Unit 3 offers 1 bedroom and 1 full bathroom. Each unit includes a spacious living room, a functional kitchen, and an adjoining dining room, creating a practical layout with comfortable spaces for everyday living. The basement provides additional storage and potential for future value-add improvements, plus a detached 1-car garage.
Unit 1 currently rents for $875/mo, and Unit 2 rents for $900/mo, both on month-to-month leases, generating $1,775 in current monthly gross rental income. Unit 3 is vacant with an estimated market rent of $960/mo, presenting an opportunity to increase total gross rental income to $2,735/mo, or $32,820 annually.
Conveniently located in Cleveland, with easy access to I-90 and major roadways, providing connections to destinations throughout the area. Nearby Louis Stokes Cleveland VA Medical Center and UH Cleveland Medical Center place major healthcare and employment destinations within reach, while Little Italy offers additional dining and neighborhood attractions. Proximity to public transportation, shopping, schools, parks, and everyday essentials further enhances the property’s appeal for tenants. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! With stable rental income and a vacant third unit offering additional income potential, this triplex presents an opportunity to expand your portfolio or enter the multifamily market! Schedule your showing today and discover the possibilities! No wholesalers. No Seller financing. No low ball offers.
$998/mo
Est. mortgage payment based on a $150,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5257142
Interior Features
- Bedrooms
- 5
- Bathrooms
- 3
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.1 Acres
Other Property Details
- Taxes
- $2,146
- Tax Frequency
- Annually
- Garage
- Yes
- Municipality
- Cleveland
Courtesy of RE/MAX Haven Realty
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Frederick Family Real Estate Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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