Prepare to be moved! Welcome to 10409 Ostend Avenue in Cleveland, OH 44108, a fantastic opportunity to own a fully functional and updated 3-unit property in the heart of East Cleveland. Situated just minutes from Rockefeller Park, University Circle, and a variety of restaurants and shopping options, this spacious triplex offers an ideal location with solid rental potential—or a chance to house hack while tenants help pay the mortgage. Each unit is metered separately, providing ease of management and tenant independence. The third-floor unit has a comfortable layout that includes a living room, eat-in kitchen, bedroom, and full bathroom—ideal as an income-generating rental. Both the first and second floors feature spacious layouts with three bedrooms, one full bathroom, an eat-in kitchen, a formal dining room, and a comfortable living room. With three full kitchens, three full bathrooms, and an additional half bath in the basement, the property provides both space and flexibility for a variety of living arrangements.
Current rental rates: Unit 1: $980/month (includes $80 for water/sewer); Unit 3: $650/month (includes $50 for water/sewer). These units are currently below market rates, offering additional potential for future rental increases. The first-floor unit is currently month-to-month, providing flexibility for owner-occupants or new lease terms. Mechanicals are updated throughout the property, including newer electric, HVAC systems, and water tanks. In 2021, the basement was enhanced with newer glass block windows, and nearly every surface of the property was professionally painted to give the entire building a clean and refreshed appearance. There are also three separate laundry hookups in the basement. This property presents an excellent opportunity for investors or owner-occupants seeking a low-maintenance, income-producing asset. Don’t miss your chance to own this fantastic property moments away from Cleveland’s cultural and commercial hubs.