USAOHClevelandL M Southerns Wade Park Ave8311 Decker Ave
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$175,000

For Sale

12 hours ago

8311 Decker Ave, Cleveland, OH

House

MLS® 5242656

5 Bed

3 Bath

2802 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2802 sqft
Garage 
Taxes $1,370
Days Active 1
Lot Size 0.0937 Acres
Approx. Age 1900
Avg. Price Per Sqft $62
MLS® Number 5242656

Property Address: 8311 Decker Ave, Cleveland, OH, 44103-2953

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity at 8311 Decker Ave! This triplex offers a desirable combination of established rental income, tenant stability, and additional income potential. The first-floor unit is currently vacant, allowing the next owner to immediately place a tenant at current market rents. CMHA rental rates in the 44103 ZIP code can reach as high as $1, 209, providing an opportunity to further increase the property's gross monthly income. Unit 2 features 2 bedrooms and 1 bathroom and is occupied by a cash-paying tenant at $750 per month, with a lease through 5/1/2027. Unit 3 features 1 bedroom and 1 bathroom and is occupied by a cash-paying tenant at $600 per month, with a lease through 12/1/2026. The property also features furnaces and hot water tanks that are approximately five years old or newer, adding to the property's overall appeal as a largely stabilized multifamily investment. With two occupied units already generating income and a vacant unit ready for lease-up, this property offers investors a strong foundation of existing cash flow with built-in rental upside. The current lease structure provides stability in the near term while giving the next owner opportunities to increase revenue as leases turn over and rents are brought closer to market. Conveniently located near Cleveland Clinic, Downtown Cleveland, major employment centers, shopping, dining, and public transportation, with easy access to nearby highways and destinations throughout Northeast Ohio. A great opportunity for an investor looking to acquire a largely stabilized multifamily property with existing income and room for future growth.
MLS® Number5242656
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull
DrivewayOn Street
Garage Spaces
HeatForced Air, Gas
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 5, 2026List Date
$175,000List Price
Jun 23, 2025End Date
$125,000Sold Price

Sold

Apr 9, 2025List Date
$115,000List Price

Home Appraisal

This property is estimated to sell between: $79,000 and $223,000.
Similar properties in this area sold on average for: $79,866
Expected to sell in 24 days. Similar properties sold in 25 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Starting Address
Destination Address
8311 Decker Ave, Cleveland, OH

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Listing Agent

Keyano Burgess

[email protected]
(216) 387-7220
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