Commercial Real Estate for Sale at 8301 \u0026 9511 Madison Avenue in Cleveland, OH for $415,000

Listing data updated May 5, 2025 - 5:32pm
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8301 \u0026 9511 Madison Avenue | Cleveland

$415,000 | 0.0 Sq. Ft.

Value-add multifamily opportunity: 10 units across 2 buildings! A rare chance to acquire a package of 2 small apartment buildings, totaling 10 units\u2014 a 4-unit and a 6-unit property\u2014 offered together in a strong rental market. This is a true value-add opportunity, ideal for investors seeking upside potential through light renovations and cosmetic improvements. The unit mix includes 2 two bedroom units, 6 one bedroom units, and 2 efficiency/studio units. 4 of the 10 units are currently vacant, offering immediate renovation potential without tenant disruption. The 6 occupied units are currently rented well below market rent, presenting significant potential for income growth. The owner pays all utilities, as the units are not individually metered. This is a compelling opportunity for investors seeking scale, value, and immediate path to increased cash flow and long-term appreciation. MLSNow 5119002

Directions to property: From I-90 W: Take exit 167B onto SR-10, Lorain Ave. Continue onto W 81st St toward Madison Ave. Turn left onto Madison Ave.

MLS Listing ID: 
MLSNow 5119002
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$415,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland
Address: 
8301 \u0026 9511 Madison Avenue, Cleveland, OH 44102
County: 
Cuyahoga
Latitude: 
41.4768920
Longitude: 
-81.7420620
Directions: 
From I-90 W: Take exit 167B onto SR-10, Lorain Ave. Continue onto W 81st St toward Madison Ave. Turn left onto Madison Ave.
Public Remarks: 
Value-add multifamily opportunity: 10 units across 2 buildings! A rare chance to acquire a package of 2 small apartment buildings, totaling 10 units\u2014 a 4-unit and a 6-unit property\u2014 offered together in a strong rental market. This is a true value-add opportunity, ideal for investors seeking upside potential through light renovations and cosmetic improvements. The unit mix includes 2 two bedroom units, 6 one bedroom units, and 2 efficiency/studio units. 4 of the 10 units are currently vacant, offering immediate renovation potential without tenant disruption. The 6 occupied units are currently rented well below market rent, presenting significant potential for income growth. The owner pays all utilities, as the units are not individually metered. This is a compelling opportunity for investors seeking scale, value, and immediate path to increased cash flow and long-term appreciation.
Community Information
School District: 
Cleveland Municipal - 1809
Building Details
Details about the building on a property.
Year Built: 
1890
Living Area: 
0.0
Construction
Roof: 
Flat
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.13
Lot Size (Area): 
0.13
Public Record
Parcel Number: 
006-03-028
Annual Tax: 
$10,186.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Aimee Neiman
Listing Office Name: 
Keller Williams Chervenic Rlty

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