About This Home

This 12-bedroom, 4-bathroom multi-family at 7507 Lawnview Avenue in Cleveland, OH is listed for $375,000 ($67 per sqft). Built in 1910, the home offers 5,624 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1910
  • 0.22 acre lot
  • 2 stories

Property Details

2 stories
6 full
1910
Listing Description

Discover an exceptional value-add investment opportunity at 7507 Lawnview Avenue! This four-unit property features a desirable side-by-side, townhome-style layout, giving residents added privacy and the feel of a single-family home. Each spacious unit offers 3 bedrooms, 1 full bathroom, two levels of living space, a private basement, and separate front and rear entrances.

Two units are currently generating income: Unit 4 rents for $1,640 per month through Section 8, and Unit 3 rents for $1,100 CASH per month. The two vacant units allow the next owner to complete improvements, place tenants at market rent, and quickly increase cash flow.

With estimated market rents of $1,600+ per unit, the property offers potential gross rental income exceeding $6,000 per month when fully improved and occupied. This is an outstanding opportunity to acquire a high-upside multifamily asset, increase rents, build equity, and create a true cash-flow powerhouse in a high investment and new construction area.

Monthly Cost Estimate

$2,006/mo

20% down · 6.5% · 30 years

Principal$271
Interest$1,625
Insurance$109

Estimates only. Actual payments may vary.

Location

7507 Lawnview Avenue

Cleveland, OH 44103

Simpson & Goakes

Property Details

Construction

Brick

Parking

On Street

Heating

Natural GasForced Air

Questions & Answers

This 12-bedroom, 4-bathroom multi-family at 7507 Lawnview Avenue is listed at $375,000 ($67/sqft). The estimated monthly payment is $2,005 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.22 acre lot, 2 stories.

This property is listed by Mark A Colucci.

MC

Mark A Colucci

License 2020004747

Agent at Keller Williams Citywide

Listed by Keller Williams Citywide · Broker phone: (440) 892-2211 · View on Broker Site · Broker website

MLS# 5245178· Source: MLS Now· 45 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.

7507 Lawnview Avenue, Cleveland, OH 44103

Open this listing in: