889 E 143rd Street, Cleveland, OH 44110
Local realty services provided by:CENTURY 21 DeAnna Realty
Listed by: erin thomas
Office: keller williams living
MLS#:5207661
Source:OH_NORMLS
Price summary
- Price:$175,000
- Price per sq. ft.:$30.7
About this home
Value-Add 4-Unit with Major Capital Improvements Already Completed! Located just south of the growing Collinwood Arts District, 889 E 143rd offers investors the opportunity to increase cash flow where many of the major expenses have already been addressed. This 4-unit building consists of 2-bedroom units tenants and 1 vacant unit ready for light cosmetic updates. Current rents include Unit 2 at $475/month plus $50 water reimbursement and Unit 4 at $800/month, leaving significant room for future rental growth once stabilized. Unit 3 has already been cleaned out and can be turned quickly with minor updates.Recent improvements include a brand-new roof (2025), all new windows in Unit 3 (2025), all hot water tanks replaced (2026), serviced furnaces in strong working condition (2026), and cleaned-up electrical. The owner has also invested thousands into pest-proofing the property following concerns from Unit 4. Market rents are around $950 which produces a 15% cap rate once all units are renovated. Located near the shops, restaurants, galleries, and nightlife of the Collinwood Arts District—including local favorite Six Shooter Coffee—and minutes from Euclid’s major waterfront redevelopment project improving public access to Lake Erie, this property offers both immediate upside and long-term neighborhood growth potential. Create value with some minor updates or even house hack and live in one of the units, either way- this is a great investment. Please note: the seller is not offering seller financing....
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Home facts
- Year built:1926
- Listing ID #:5207661
- Added:44 day(s) ago
- Updated:June 20, 2026 at 07:32 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Basement:Yes
- Basement Description:Full, Unfinished
- Living area:5,700 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Flat
- Year built:1926
- Building area:5,700 sq. ft.
- Lot area:0.12 Acres
- Construction Materials:Brick
- Levels:2 Stories, 2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$175,000
- Price per sq. ft.:$30.7
- Tax amount:$4,004 (2025)
Parking
- Parking description:Driveway
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