10222 Parkgate AvenueCleveland, OH 44108

10222 Parkgate AvenueCleveland, OH 44108

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$250,000 Active
Multi Unit - Multiple MLS 5195105 New to the Market

Listed By

Agency Name: WR Western Reserve Real Estate
Agency Contact: john@thefreshcoastgroup.com, 216-421-6352

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Turnkey, fully renovated duplex offering immediate income and strong cash-flow potential. Upper unit is leased through CMHA Section 8 at $1,326/month. Lower unit is renovated, vacant, and rent-ready with projected rent of approximately $1,200/month, producing estimated gross income of ~$2,526/month (~$30K/year) once stabilized. Property has been updated throughout with modern kitchens, renovated bathrooms, durable flooring, fresh paint, lighting, and fixtures. Spacious layouts feature large living and dining areas, two bedrooms per unit, and abundant natural light. Covered front porch and upper balcony provide outdoor space, and a driveway offers off-street parking. Lead-safe certification has been completed in accordance with Cleveland requirements, reducing compliance costs and delays for rental owners. Basement includes updated electrical panels. Separate utilities typical for area. Convenient location with access to public transit, major roadways, employment centers, healthcare, universities, shopping, and neighborhood services ? supporting strong tenant demand and consistent occupancy. Ideal for buy-and-hold investors, portfolio expansion, owner-occupants seeking rental income, or buyers completing a 1031 exchange. Turnkey condition minimizes upfront capital expenditures and simplifies transition to new ownership.

10222 Parkgate Avenue | MLS# 5195105

This multi-family property located at 10222 Parkgate Avenue, Cleveland, OH 44108 is currently listed for sale with an asking price of $250,000. Parkgate Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 542snivelyavenuenw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Heating: Forced Air
Lot Size: 0.10 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $1,321 / year
Year Built: 1911

Feature Descriptions

Exterior: Vinyl Siding
Parcel#: 109-09-008
Parking: Driveway
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 10222 Parkgate Avenue, Cleveland, OH 44108
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,402.75 per month $1,219.75 Principal & Interest $110.08 Property Tax $72.92 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage