22
See all 22 photos
$419,900
Est. payment /mo
12 Beds
6 Baths
5,624 SqFt
New
7507 Lawnview AVE Cleveland, OH 44103
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,624 sqft
Price per Sqft $74
Subdivision Simpson & Goakes
MLS Listing ID 5232880
Bedrooms 12
Full Baths 4
Half Baths 2
HOA Y/N No
Abv Grd Liv Area 5,624
Year Built 1910
Annual Tax Amount $5,217
Tax Year 2025
Lot Size 9,561 Sqft
Acres 0.2195
Property Sub-Type Quadruplex
Stories Two
Story Two
Property Description
7507 Lawnview is a fully updated quadplex in Hough offering a rare mix of stabilized income and immediate upside. Three of the four units are currently occupied and generating consistent, housing-authority-backed income: unit 7507 at a $1,400/mo contract rent (Section 8 pays $913), unit 7511 at $1,100/mo cash, and unit 7513 at a $1,640/mo contract rent (Tennant pays $524) — a combined $4,140/mo across the occupied units. The fourth unit, 7509, is vacant and rent-ready, previously leased at $1,505/mo under Section 8, giving a new owner the flexibility to set market rent, place a tenant, or occupy it themselves.
With three units already backed by housing-authority contracts, this property delivers steady, on-time payments and low turnover, plus built-in upside on the vacant unit. Hough continues to see significant investment and redevelopment, with quick access to University Circle, the Cleveland Clinic, and downtown, making this a rare four-unit that's already performing with room to grow. Schedule your showing today.
With three units already backed by housing-authority contracts, this property delivers steady, on-time payments and low turnover, plus built-in upside on the vacant unit. Hough continues to see significant investment and redevelopment, with quick access to University Circle, the Cleveland Clinic, and downtown, making this a rare four-unit that's already performing with room to grow. Schedule your showing today.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features On Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 106-11-063
Special Listing Condition Standard
Listed by Aiden Avtgis • RE/MAX Infinity • sellwithaiden@gmail.com, 330-415-7054
NEARBY SCHOOL & BUSINESS
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