About This Home

This 8-bedroom, 4-bathroom multi-family at 6538 Newman Avenue in Cleveland, OH is listed for $215,000 ($45 per sqft). Built in 1915, the home offers 4,752 sqft of living space on a 0.15 acres lot.

Key Features

  • Built in 1915
  • 0.15 acre lot
  • 3 stories

Property Details

3 stories
4 full
1915
Listing Description

NO WHOLESELLERS, NO ASSIGNMENT CONTRACTS, NO CREATIVE/SELLER FINANCING Semi-Turnkey 4-unit investment opportunity packed with potential! Each spacious unit features 2 bedrooms and 1 full bathroom, offering an ideal layout for attracting long-term tenants or maximizing rental income.

This property is primed for a new owner to step in, get the units rented, and start generating substantial cash flow. Conveniently located just 5 minutes from I-480 and only 10 minutes from Downtown Cleveland, this property offers easy access for commuters while maintaining a quiet residential feel.

Situated on a dead-end brick street, tenants will appreciate the added privacy and charm of a low-traffic setting. Whether you're an investor looking to expand your portfolio or seeking a value-add opportunity, this property delivers the space, location, and income potential to make it a strong addition to your holdings.

Monthly Cost Estimate

$1,150/mo

20% down · 6.5% · 30 years

Principal$155
Interest$932
Insurance$63

Estimates only. Actual payments may vary.

Location

6538 Newman Avenue

Cleveland, OH 44127

Newman

Property Details

Construction

Brick VinylSiding

Parking

Driveway

Heating

Forced Air

Questions & Answers

This 8-bedroom, 4-bathroom multi-family at 6538 Newman Avenue is listed at $215,000 ($45/sqft). The estimated monthly payment is $1,150 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1915, 0.15 acre lot, 3 stories.

This property is listed by Cliff Louis.

CL

Cliff Louis

License 2017000582

Agent at Greater Cleveland

Listed by Greater Cleveland · Broker phone: (216) 839-5500 · View on Broker Site · Broker website

MLS# 5201565· Source: MLS Now· 199 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.

6538 Newman Avenue, Cleveland, OH 44127

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