889 E 143rd ST, Cleveland, OH 44110
889 E 143rd ST, Cleveland, OH 44110
889 E 143rd ST, Cleveland, OH 44110
889 E 143rd ST, Cleveland, OH 44110
889 E 143rd ST, Cleveland, OH 44110
889 E 143rd ST, Cleveland, OH 44110
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Mike Ferrante

Mike Ferrante

+1(216) 373-7727
$ 175,000
Est. payment | /mo

8 Beds

4 Baths

5,700 SqFt

Save
$ 175,000
Est. payment | /mo
Save

8 Beds

4 Baths

5,700 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,700 sqft

Price per Sqft $30

Subdivision Cowles Brooks & Smyth

MLS Listing ID 5207661

Bedrooms 8

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 3,800

Year Built 1926

Annual Tax Amount $4,004

Tax Year 2025

Lot Size 5,318 Sqft

Acres 0.1221

Property Sub-Type Quadruplex

Property Description

Value-Add 4-Unit with Major Capital Improvements Already Completed! Located just south of the growing Collinwood Arts District, 889 E 143rd offers investors the opportunity to increase cash flow where many of the major expenses have already been addressed. This 4-unit building consists of 2-bedroom units and currently has two paying tenants, one vacant unit ready for light cosmetic updates, and one non-paying tenant in need of eviction. Current rents include Unit 2 at $475/month plus $50 water reimbursement and Unit 4 at $800/month, leaving significant room for future rental growth once stabilized. Unit 3 has already been cleaned out and can be turned quickly with minor updates.Recent improvements include a brand-new roof (2025), all new windows in Unit 3 (2025), all hot water tanks replaced (2026), serviced furnaces in strong working condition (2026), and cleaned-up electrical. The owner has also invested thousands into pest-proofing the property following concerns from Unit 4. Market rents are around $950 which produces a 15% cap rate once all units are renovated. Located near the shops, restaurants, galleries, and nightlife of the Collinwood Arts District—including local favorite Six Shooter Coffee—and minutes from Euclid's major waterfront redevelopment project improving public access to Lake Erie, this property offers both immediate upside and long-term neighborhood growth potential. Create value with some minor updates or even house hack and live in one of the units, either way- this is a great investment. Please note: the seller is not offering seller financing.

Location

State OH

County Cuyahoga

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Cooling None

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup

Exterior

Parking Features Driveway

Water Access Desc Public

Roof Type Flat

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Brooklyn Csd - 1807

Others

Tax ID 115-02-023

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Erin Thomas • Keller Williams Living • Erinthomas@kwcommercial.com, 440-670-2300

Schools and Properties Nearby

Mike Ferrante
Mike Ferrante

Broker Associate

+1(216) 373-7727 | mike@21mike.com

Learn More About LPT Realty

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889 E 143rd ST