14912 Alder Avenue

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Address: 14912 Alder Ave, East Cleveland, OH 44112, USA
Chicago & Midwest + Apartment Buildings
Created date: July 1, 2026
Date last updated: September 15, 2026
Price: $175,000Investment Analyzer NEW!

Property Description

Don't miss this outstanding multifamily investment opportunity to add to your portfolio! This solid brick four-unit apartment building offers approximately 6,000 square feet total, with approximately 3,000 square feet of living space across four one-bedroom, one-bathroom apartments. Whether you are a seasoned investor looking to expand your portfolio or a savvy buyer ready to live in one unit while the other three help cover your mortgage, this flexible layout works for both strategies. The big-ticket items are already taken care of newer roof, newer windows, newer furnaces, newer hot water tanks, and a waterproofed full basement mean you are stepping into a property with the heavy lifting already done. Interiors offer excellent value-add potential through cosmetic updates. Select flooring and improvement materials will convey with the property to give you a head start on enhancements. Conveniently located with easy access to Downtown Cleveland, University Circle, major healthcare employers, shopping, public transportation, and key commuter routes. As an added opportunity, the neighboring adjacent parcel is also available for purchase separately, offering buyers the potential to expand their footprint and flexibility for future use, subject to local zoning and applicable requirements. Buyer is encouraged to perform their own due diligence and independently confirm the accuracy of all information provided, including but not limited to square footage, property conditions, improvement details, and zoning matters pertaining to the adjacent parcel.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $175,000
Year Built: 1928
Lot Size: 6,000.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 4
Number of Bathrooms: 4
Address: 14912 Alder Avenue, East Cleveland, OH 44112, USA
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Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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