About This Home

This 5-bedroom, 2-bathroom multi-family at 1758 Algonac in Cleveland, OH is listed for $113,500 ($36 per sqft). Built in 1928, the home offers 3,188 sqft of living space on a 0.12 acres lot.

Key Features

  • Built in 1928
  • 0.12 acre lot
  • 2 stories

Property Details

2 stories
2 full
2-car garage
1928
Listing Description

ATTENTION INVESTORS! EXCELLENT DUPLEX OPPORTUNITY WITH IMMEDIATE INCOME & ADDITIONAL RENTAL POTENTIAL! Fantastic opportunity to expand your investment portfolio with this spacious two-family property offering a great combination of existing rental income and the flexibility of a vacant unit!

This duplex features a vacant 2-bedroom unit and an occupied 3-bedroom unit, making it an attractive opportunity for both seasoned investors and buyers looking to get started in real estate investing. The upstairs 3-bedroom unit is currently occupied by a market-rate tenant who is current on rent, paying $670 per month plus an additional $125 flat monthly fee for water and sewer, providing $795 in total monthly collections.

The vacant 2-bedroom unit offers an excellent opportunity for the next owner to make improvements, establish their own rental rate, and create an additional income stream! Whether you're looking to add another income-producing property to your growing portfolio or explore the possibility of occupying one unit while collecting rent from the other, this property offers tremendous flexibility and potential.

DON'T MISS THIS OPPORTUNITY TO OWN A DUPLEX WITH EXISTING RENTAL INCOME AND ROOM TO INCREASE CASH FLOW! Property is being sold AS-IS. No wholesalers, contract assignments, or owner financing. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase.

Monthly Cost Estimate

$607/mo

20% down · 6.5% · 30 years

Principal$82
Interest$492
Insurance$33

Estimates only. Actual payments may vary.

Location

1758 Algonac

Cleveland, OH 44112

Imperial Road Allotment

Property Details

Construction

AluminumSiding VinylSiding

Parking

Garage

Heating

Forced AirNatural Gas

Questions & Answers

This 5-bedroom, 2-bathroom multi-family at 1758 Algonac is listed at $113,500 ($36/sqft). The estimated monthly payment is $607 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1928, 0.12 acre lot, 2 stories.

This property is listed by Christopher A Frederick.

CF

Christopher A Frederick

License 426983

Agent at Coldwell Banker Schmidt Realty

Listed by Coldwell Banker Schmidt Realty · Broker phone: (440) 572-0220 · View on Broker Site · Broker website

MLS# 5236708· Source: MLS Now· 3 days on PropertySimple

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1758 Algonac, Cleveland, OH 44112

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