1161 Rowley AvenueCleveland, OH 44109

1161 Rowley AvenueCleveland, OH 44109

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$227,000 Pending
Multi Unit - Multiple MLS 5205680 Pending
4 beds 2 full baths 2,200 sqft

Listed By

Agency Name: RE/MAX Haven Realty
Agency Contact: mike@theazzamgroup.com, 216-446-7606

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

This cash-flowing duplex presents a solid opportunity for investors seeking stable, consistent income from day one! Each unit features 2 bedrooms and 1 full bathroom, offering spacious living areas, functional kitchens, and adjoining dining spaces that appeal to long-term tenants. The property also includes a full basement, providing additional storage and potential for future value-add opportunities. Both units are currently tenant-occupied, generating immediate income. The lower unit rents for $950 per month on a 12-month lease, while the upper unit rents for $1,050 per month, also on a 12-month lease?delivering a strong and reliable rental stream. Conveniently located in Cleveland's Brooklyn Centre area, just minutes from MetroHealth Medical Center, this property benefits from a high-demand rental location. With close proximity to major highways, public transportation, shopping, dining, schools, and parks, tenants enjoy easy access to everyday essentials and employment hubs?making this an attractive, low-vacancy investment. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Whether you're expanding your portfolio or securing your first income-producing property, this duplex offers the ideal blend of cash flow, location, and long-term potential! No wholesalers. No Seller financing. No low ball offers.

1161 Rowley Avenue | MLS# 5205680

This multi-family property located at 1161 Rowley Avenue, Cleveland, OH 44109 is currently listed for sale with an asking price of $227,000. Rowley Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 1009fairoaksavenuesw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Days on Market: 12
Garage: 1
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $4,915 / year
Year Built: 1914

Feature Descriptions

Exterior: Aluminum Siding, Vinyl Siding
Laundry: In Basement
Parcel#: 008-13-086
Parking: Driveway, Detached, Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 1161 Rowley Avenue, Cleveland, OH 44109
Fips
Fips Code 39035
Population
2020 to 2025 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2025 Estimate (V2025) 1,232,925
2020 Estimate (V2025) 1,264,775
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.1%
18 to 64 54.2%
65 and Older 20.5%
Gender
Male 48.0%
Female 52.0%
Place of Birth
Foreign 7.7%
US 92.3%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 36.5%
Computer and Internet use
Households with a computer 94.0%
Households with a broadband Internet subscription 89.5%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 54,264
Income
Per Capita Income $42,747
Median Household Income $64,468
People in Poverty 14.9%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 554,551
Average Household Size 2.20
Owner-Occupied 59.4%
Multi-Family 34.9%
Owner-Occupied Median Value $195,400
Median selected monthly owner costs -with a mortgage $1,570
Median selected monthly owner costs -without a mortgage $671
Median gross rent $1,060
Building Permits
New Private Housing Issued 2024 1,685
Years at Residence
1 Year or More 86.7%
Less Than 1 Year 13.3%
Business and Employment
Private non-farm Establishments 31,496
Private non-farm Employment 681,543
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 110,977
Number of Firms 23,160
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,641.60 per month $1,165.81 Principal & Interest $409.58 Property Tax $66.21 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage