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5101 Herman Avenue, Cleveland, OH 44102

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For Sale

$309,900

6 beds3 baths2,066 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $150.00
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Welcome to 5101 Herman Avenue, a unique triplex opportunity in one of Cleveland's most dynamic and fast-growing neighborhoods. This rare property features two buildings on one lot ? a front duplex with two spacious units, and a rear single-family home ? offering flexible rental configurations and strong cash flow potential. Positioned in the heart of Detroit-Shoreway, this property is surrounded by some of Cleveland's most exciting attractions. Tenants will love being just minutes from the Gordon Square Arts District, where indie theaters, art galleries, coffee shops, and breweries make it a cultural hotspot. Enjoy Edgewater Park and Lake Erie's beaches less than a 10-minute walk, perfect for summer draw and long-term tenant satisfaction. Located in an Opportunity Zone, 5101 Herman offers potential tax advantages for savvy investors, while the ongoing neighborhood development signals strong appreciation upside. Whether you're looking for long-term tenants, short-term rentals, or a house-hack setup, this triplex checks all the boxes. Recent updates, good care from a local owner, solid bones, and separate entrances/utilities make this a low-hassle, high-reward investment. With high rental demand and a walkable, transit-friendly location near downtown Cleveland, Ohio City, and Tremont, this property won't stay on the market long.
MLS# 5142169

Courtesy Of Remax Beyond 2000 Realty

(440) 842-7200

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan, Water Front
  • Appliances
    Range, Refrigerator
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.08 Acres
  • Roof Type
    Asphalt
  • Rooms
    Laundry Room
  • View Type
    Lake, City

Map and Directions

Directions to 5101 Herman Avenue, Cleveland, OH 44102
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Monthly Payment Breakdown

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