Investor Opportunity – 1355 Addison Rd, Cleveland, OH 44103 We’re excited to present this 4 unit multi-family home, a lead-safe certified investment property offering strong, reliable cash flow in an active Cleveland rental market. The property is currently generating $2,200 per month, and with a tenant placed in Unit 1, it can bring in an additional $1,100, raising the total projected monthly income to $3,300. This makes the property an excellent option for investors seeking stable returns, compliant with Cleveland's lead-safe requirements, and long-term value growth. With steady rental demand and immediate income—plus additional upside once fully occupied—this property stands out as a smart portfolio addition. If you're looking for a cash-flowing, lead-safe, high-yield investment, 1355 Addison Rd is absolutely worth consideration.
Turnkey four unit property. Waiting for a new owner. This property is a flat out money maker! As soon as you pull up to the outside you will be amazed by the size of this property. Property has been recently updated with new windows and paint throughout. Most units have new flooring and new carpet as well. All units have ceiling fans and are clean and up-kept. All kitchen cabinets are ready for immediate occupancy. Bathroom vanities are in great shape as well. Best of all it has a huge parking lot next to it. With a two-car garage.
Public Records
Jul 31, 2017
Sold
$28,875
MLSNOW #3851038
Aug 1, 2017
Pending
—
Aug 1, 2017
Contingent
—
Aug 1, 2017
Sold
$28,875
Jul 17, 2017
Pending
—
Oct 7, 2016
Listed
$39,000
Year
Property tax
Land + Additions
Assessment*
2025
$4,823 (+0.4%)
$3,640 + $42,910
$46,550
2024
$4,804 (+375.3%)
$3,640 + $42,910
$46,550
2023
$1,011 (+0.1%)
$3,640 + $6,480
$10,120
2022
$1,009 (−0.3%)
$3,640 + $6,480
$10,120
2021
$1,012 (−51.2%)
$3,640 + $6,480
$10,120
2020
$2,074 (+55.1%)
$3,260 + $10,400
$13,660
2019
$1,337 (+2.5%)
$3,260 + $10,400
$13,660
2018
$1,304 (−18.4%)
$3,260 + $10,400
$13,660
2017
$1,597
$3,400 + $12,320
$15,720
2016
$1,597 (−0.2%)
$3,400 + $12,320
$15,720
2015
$1,601 (−15.0%)
$3,400 + $12,320
$15,720
2014
$1,884
$4,060 + $14,670
$18,730
Public record
Public record
Permits
Beds
—
Baths
—
Stories
2
Lot width
50 ft.
Lot depth
—
Lot size
9,250 Sq. Ft.
Year renovated
1942
Sq. Ft.
4,071
Year built
1900
Style
Multi-Family (5+ Unit)
County
Cuyahoga County
APN
10604088
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 24, 2026.
Jun 2, 2021 • Final
Res building
Perform interior and exterior alterations to repair and replace all affected areas. No structural changes are included. Remove all construction debris from the site.
Remodel
Apr 26, 2018 • Active
Res electrical
Install a new electrical breaker panel and restore electrical service.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage/Carport Information
Has Garage
# of Garage Spaces: 2
Parking
Features: Driveway, Detached, Garage, Paved
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 1
Room Information
# of Rooms (Total): 8
Has Basement
Basement Information: Unfinished
Laundry Information
Features: In Basement
Multi Unit Information
# Of Buildings: 1
Multi Unit Financial Information
Gross Income: $2,200
Unit Type 1
Three Bedroom
# of Bedrooms: 3
# of Bathrooms Total: 1
Unit Type 2
Two Bedroom
Unit Description: Month to Month
# of Bedrooms: 2
# of Bathrooms Total: 1
Actual Rent: $800
Unit is Leased
Unit Type 3
Two Bedroom
Unit Description: Month to Month
# of Bedrooms: 2
# of Bathrooms Total: 1
Actual Rent: $800
Unit is Leased
Unit Type 4
One Bedroom
Unit Description: Month to Month
# of Bedrooms: 1
# of Bathrooms Total: 1
Actual Rent: $600
Yes
Exterior
Building Information
Stories: 2
Year Built Source: Public Records
Roof Details: Asphalt, Fiberglass
Construction Details: Aluminum Siding, Brick
Lot Information
Lot Size Area: 0.21
Lot Size Acres: 0.21
Lot Size Source: Assessor
Property Information
Direction Faces: South
Financial
Tax Information
Annual Tax Amount: $4,804
Tax Year: 2024
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Cooling: Ceiling Fan(s)
Has Heating
Heating: Forced Air, Gas
Public facts
Beds: —
Baths: —
Sq. Ft.: 4,071
Stories: 2.0
Lot Size: 9,250 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: 1942
County: Cuyahoga County
APN: 10604088
Home facts updated by county records on Aug 24, 2026
Around this home
72/100 Very Walkable41/100 Some transit57/100 Bikeable
Schools
Places
Transit
Wade Park School
Public PreK-8 • Assigned • 0.3mi
4/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 95° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Cleveland, OH • 44103
Average low and high temperatures (°F)
30
19
36
24
54
36
61
44
65
52
77
65
83
71
78
67
75
62
65
52
52
41
40
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.