7507 Lawnview Avenue, Cleveland, OH 44103
- $419,900
- 12
- BD
- 6
- BA
- 5,624
- SqFt
- List Price
- $419,900
- Status
- ACTIVE
- Stories
- 2
- MLS#
- 5232880
- Year Built
- 1910
- Bedrooms
- 12
- Bathrooms
- 6
- Half-baths
- 2
- Living Area
- 5,624
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- Simpson & Goakes
Property Description
7507 Lawnview is a fully updated quadplex in Hough offering a rare mix of stabilized income and immediate upside. Three of the four units are currently occupied and generating consistent, housing-authority-backed income: unit 7507 at a $1,400/mo contract rent (Section 8 pays $913), unit 7511 at $1,100/mo cash, and unit 7513 at a $1,640/mo contract rent (Tennant pays $524) — a combined $4,140/mo across the occupied units. The fourth unit, 7509, is vacant and rent-ready, previously leased at $1,505/mo under Section 8, giving a new owner the flexibility to set market rent, place a tenant, or occupy it themselves. With three units already backed by housing-authority contracts, this property delivers steady, on-time payments and low turnover, plus built-in upside on the vacant unit. Hough continues to see significant investment and redevelopment, with quick access to University Circle, the Cleveland Clinic, and downtown, making this a rare four-unit that's already performing with room to grow. Schedule your showing today.
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Additional Information
- Taxes
- $5,217
- Acres
- 0.22
- Sewer
- Public Sewer
- Roof
- Asphalt, Fiberglass
- Water
- Public
- Heating
- Forced Air, Gas
- Cooling
- None
- School District
- Cleveland Municipal - 1809
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Listing Courtesy of: Aiden Avtgis, sellwithaiden@gmail.com With RE/MAX Infinity
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