See all 23 photos
23 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$299,900
Est. payment /mo
8 Beds
4 Baths
4,373 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Rhodes Gartnell & Barbers All
MLS Listing ID 5239657
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1900
Annual Tax Amount $8,823
Tax Year 2025
Lot Size 4,373 Sqft
Acres 0.1004
Property Sub-Type Quadruplex
Property Description
Investors, this one is priced to sell and ready to produce income from day one. This turnkey quadplex sits in the heart of Clark Fulton, one of Cleveland's most active investment corridors, and offers a rare mix of immediate cash flow and upside. One unit is currently occupied by a long term tenant on a lifelong housing voucher, generating a reliable $1,120 per month at 100% voucher coverage, meaning guaranteed rent with no vacancy risk on that unit.
The remaining three units, a spacious 3 bedroom, a 1 bedroom, and a 2 bedroom, are all vacant and rent ready, giving a new owner the flexibility to place tenants immediately at full market rent or explore other rental strategies. With one unit already cash flowing and three more ready to lease right away, this property offers a fast path to a fully stabilized income stream.
Whether you are an experienced investor looking to add a proven performer to your portfolio or just getting started in multifamily, 4019 Newark delivers the kind of numbers that are hard to find in today's market. Priced to sell and ready to move quickly, this is a cash flow opportunity you do not want to miss.
The remaining three units, a spacious 3 bedroom, a 1 bedroom, and a 2 bedroom, are all vacant and rent ready, giving a new owner the flexibility to place tenants immediately at full market rent or explore other rental strategies. With one unit already cash flowing and three more ready to lease right away, this property offers a fast path to a fully stabilized income stream.
Whether you are an experienced investor looking to add a proven performer to your portfolio or just getting started in multifamily, 4019 Newark delivers the kind of numbers that are hard to find in today's market. Priced to sell and ready to move quickly, this is a cash flow opportunity you do not want to miss.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Shingle
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 007-29-112
Special Listing Condition Standard
Read Less Info
Listed by Aiden Avtgis • RE/MAX Infinity • sellwithaiden@gmail.com, 330-415-7054
Nearby Locations
GET MORE INFORMATION