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Sold for $176,500 on 08/01/25
  • $176,500

    8204 Vineyard Ave, Cleveland, OH 44105

    5beds
    2,113sqft
    Duplex, Multi Family
    Built in 1924
    -- sqft lot
    $176,600 Zestimate®
    $84/sqft
    $1,048 Estimated rent

    What's special

    ATTENTION INVESTORS: HUGE-CASHFLOW TURNKEY DUPLEX — ALMOST $2,700/MO, 100% SECTION 8 SPLIT! Check out the DSCR ratio and cap rate! Excellent returns! Fully stabilized, rehabbed duplex bringing in $2,693/mo through CMHA Section 8 — $1,185 (lower) and $1,508 (upper). Both units are fully occupied with quiet, cooperative tenants and 100% of rent paid by CMHA on each — no tenant portion due. Cashflow from day one, no placement risk, no payment delays. Located in Cleveland but pulling Garfield Height-level rents, this property combines high returns with low Cleveland property taxes and no Point-of-Sale (POS) compliance, a rare setup that directly improves margins. MASSIVE CAPEX already completed: Brand new roof, new electrical panel and upgraded disconnect (permitted and city approved), new separate electric meters (expensive to install, but huge value in duplexes), new high-efficiency dual pane vinyl windows, new bathrooms, fresh paint, and sewer lines hydro-jetted clean. LEASE BASED PAINT TESTING HAS BEEN COMPLETED AND PASSED! There’s also potential value-add in the basement with space for an additional bedroom, offering even more rent upside. This is a true plug-and-play asset. Fully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Quality remodel! Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS. Do not disturb tenants. 48-hour notice typically required for showings. Showings after accepted offer. Artistic marketing renders and photos are transferable to buyer for future use in listings."

    Zillow last checked: 7 hours ago

    Listing updated: August 01, 2025 at 12:56pm

    Listing Provided by:

    Scott A Marvin 614-382-2124 scottamarvin@gmail.com,

    Team Results Realty

    Bought with:

    Jennifer R Woomer, 2021004837

    VSD Realty, LLC.

    Source: MLS Now,MLS#: 5135092MLS LogoOriginating MLS: Other/Unspecificed

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Gas
    Cooling
    • None
    Appliances
    • Included: Range, Refrigerator
    • Laundry: In Basement
    Features
    • Windows: Double Pane Windows
    • Basement: Full
    Interior area
    • Total structure area: 2,113
    • Total interior livable area: 2,113 sqft
    • Finished area above ground: 2,113

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Garage
    • Attached garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 5,741 sqft
    Details
    • Parcel number: 13423021
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Brick, Vinyl Siding
    • Foundation: Block
    • Roof: Shingle
    Condition
    • Year built: 1924

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Cleveland
    • Subdivision: David & Judsons Allotment
    Services availability