Excellent investment opportunity with immediate cash flow! This fully occupied Cleveland multifamily features two spacious 3-bedroom, 1-bath units generating a combined $2,803 per month and $33,636 in annual gross rental income. The downstairs unit is leased to a cash-paying tenant at $1,250 per month on a one-year lease and features new carpet throughout, newer windows, and a refrigerator and stove. The upstairs unit is occupied by a long-term Section 8 tenant paying $1,553 per month and also offers 3 bedrooms, 1 full bath, newer windows, refrigerator, and stove. Additional improvements include two new water heaters, select electrical and plumbing updates, and glass block basement windows. With both units already occupied and producing income, this is a great opportunity for an investor looking to add a solid, income-producing multifamily property to their portfolio. Convenient Cleveland location with access to shopping, dining, major roadways, and Downtown Cleveland. Add this cash-flowing property to your portfolio today!
Hough, located between University Circle and Glenville, is a historic and residential Cleveland neighborhood with lake-breeze streetscapes and landmark civic architecture. The neighborhood’s character concentrates along E 105th Street near Wade Park Avenue, where corner storefronts, community institutions, and murals set a grounded, street-level rhythm. The Cleveland Museum of Art and the Cleveland Botanical Garden anchor the nearby cultural edge, while the Western Reserve Historical Society adds deep local context. Housing ranges from early-20th-century brick doubles to mid-century apartment buildings, with pockets of newer infill. Green space and grand boulevards shape daily routines, and transit corridors connect to the city’s major cultural campus.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Unfinished basement
Total of 11 rooms
One building on the parcel
Bedrooms
Bedrooms not specified
Bathrooms
2 full bathrooms
Kitchen
Kitchen details not specified
Laundry & utility
Common area laundry
Flooring
Flooring details not specified
Heating & cooling
Forced air heating
Gas heating
Exterior features
Chain link fencing
Home design
2-story building
Parking
No garage
Paved parking
Security
Security details not specified
Construction
Wood siding
Asphalt/fiberglass roof
Utilities
Public water
Public sewer
HOA & community
HOA information not provided
Financial info
Financial details not provided
Other
Below-grade finished area reported at 1,169
Above-grade finished area reported at 2,162
Lot size approximately 0.1157 acres
Electricity and solar
View estimated energy costs and solar savings for this home
Perform an inspection of the meter base and electrical service panel. This permit is for inspection purposes only and does not include any electrical work.
Electrical
Mar 17, 2011 • Final
Bh complaint
Work on a collapsing structure.
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 95° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Cleveland, OH • 44103
Average low and high temperatures (°F)
30
19
36
24
54
36
61
44
65
52
77
65
83
71
77
66
75
62
65
52
52
41
40
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
77/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.3 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1352 Giddings Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $20,000 and $235,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $20K to $235K.