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Property Description

Attention investors! This multifamily property in the rapidly developing Circle East neighborhood is your next value-add project. With solid bones and ample space, this fixer-upper offers incredible profit margins. This side-by-side duplex boasts 3 bedrooms on each side with separate utility meters. Additionally, the attic area has bonus living space. The Circle East District is one of Cleveland’s hottest projects and substantial investments with the Cuyahoga County Landbank. Phase I includes a mix of housing types, rebuilding of the waterline and sewer infrastructure, repaving of the streets, new sidewalks, tree lawns, trees, streetlights, and the installation of fiber optic cable. Phase II will begin this year with the groundbreaking of new luxury homes on Penrose Avenue and adjacent streets. These new homes are projected to be listed for over $325,000! The development of new commercial and recreational amenities on Euclid Avenue are included in the plan as well. This is the diamond in the rough you’ve been looking for! Don’t miss this amazing opportunity! Google Circle East District to learn more about this major community revitalization project! Zoned for medical, dental, and apartment/residential. Cash deal. Easy to show!

Features
: Forced Air
: No
: Garage
: Asphalt
: Public Sewer
2
Address Map
OH
Cuyahoga
East Cleveland
44112
Penrose
1817
Avenue
W82° 24' 20.3''
N41° 31' 2.5''
Directly off of Euclid Ave.
Property Details
Keller Williams Greater Cleveland Northeast
Antoine Moss
Unfinished
2021000851
9097
672-14-109
: Aluminum Siding
: Public
2024
: Cash, 1031 Exchange
08/03/2025 10:44:31
No
No
No
No

1817 Penrose Avenue, East Cleveland, Ohio 44112

Residential Income For Sale

6 Bedrooms
2 Bathrooms
2,810 Sqft
$90,000
Listing ID #5103833
Basic Details
Property Type : Residential Income
Property Sub Type : Duplex
Levels : Three Or More
Listing Type : For Sale
Listing ID : 5103833
Price : $90,000
Bedrooms : 6
Bathrooms : 2
Square Footage : 2,810 Sqft
Year Built : 1907
Lot Area : 0.09 Acre
Status : Active
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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