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$570,000
Est. payment /mo
6 Beds
2 Baths
0.4 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision City View Allotment
MLS Listing ID 5202283
Bedrooms 6
Full Baths 1
Half Baths 1
HOA Y/N No
Year Built 1900
Annual Tax Amount $12,456
Tax Year 2025
Lot Size 0.402 Acres
Acres 0.402
Property Sub-Type Quadruplex
Property Description
4432 & 4438 Pearl Road are offered together as a portfolio — a great opportunity to acquire two fully renovated income properties in one turnkey transaction. 4432 is a stunning 5-bedroom, 2-bathroom single-family home — completely updated with new flooring, cabinets, bathrooms, electrical, plumbing, and HVAC throughout. Tenant pays all utilities. 4438 is a fully renovated 3-unit multifamily (3BD/1BA, 2BD/1BA, 2BD/1BA) with a new furnace (2025), brand new flat roof, and all underground plumbing redone. All 4 units are occupied with a professional property management company in place — just sit back and collect. Both properties are LEAD certified. Bonus: the basement at 4438 is framed, plumbed, and permit-ready for 1–2 additional units. Parking parcel between the two properties conveys with the sale. Appliances at 4438 convey; appliances at 4432 belong to the tenant. Strong cash flow from day one at an 8.06% current cap rate, with a clear path to 10.01% at market rents.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features On Site
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 012-07-026
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by Chassity Miller • EXP Realty, LLC. • chassity@octopodallc.com, 330-604-2363
Nearby Locations
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