Property Description

Investor-focused duplex with in-place cash flow and clear value-add upside. Each with 2 bed/1 bath - units rent around $950/month for $1,900/month ($22,800/year) gross income, supported by steady demand at this price point in South Broadway and near Mill Creek. Recent inspection identified roof and foundation issues disclosed and priced for investors who can address repairs and capture post-rehab appreciation and rent growth. Classic up/down layout, straightforward operations, and potential to optimize utilities (buyer to verify separations/RUBS). Central location under 20 minutes to Downtown, Cleveland Clinic, Hopkins Airport, Lake Erie, CSU, and CWRU with easy corridor/transit access. Cash offers preferred; quick close available for qualified buyers.

8511 Jeffries Avenue | MLS# 5159897

This multi-family property located at 8511 Jeffries Avenue, Cleveland, OH 44105 is currently listed for sale with an asking price of $119,900. Jeffries 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, Unfinished

Basement: Yes

Cooling: None

Days on Market: 231

Heating: Forced Air

Lot Size: 0.10 Acres

Roof Type: Asphalt, Fiberglass, Shingle

Stories: 2.0

Taxes: $2,313 / year

Year Built: 1925

Feature Descriptions

Exterior: Vinyl Siding

Lot: City Lot

Parcel#: 134-20-012

Parking: Driveway, On Street

Sewer: Public Sewer

View: City Lights, City

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 8511 Jeffries Avenue, Cleveland, OH 44105

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

$ 843.49 per month $615.77 Principal & Interest $192.75 Property Tax $34.97 Homeowner's Insurance

Change Payment Information

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8511 Jeffries AvenueCleveland, OH 44105