Property Description

Solid 9‑unit investment property offering 100% occupancy with tenant‑paid gas and electric, ensuring consistently low and predictable operating expenses. The building reflects responsible ownership with major capital improvements completed in recent years, including: * New roof installation * Fresh asphalt and parking lot upgrades * Balcony renovations * Basement waterproofing Updated units With a stable tenant base, strong rental history, and significant recent updates, this property stands out as a turnkey, low‑maintenance addition to any investment portfolio. Ideal for investors seeking reliable cash flow and minimized future capital needs.

4467 Lee rd | MLS# 1877963

This multi-family property located at 4467 Lee rd, Cleveland, OH 44128 is currently listed for sale with an asking price of $700,000. Lee rd is located within the Cleveland Municipal school district. Search Cleveland real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Partial

Cooling: Window Unit

Days on Market: 1

Fireplaces: 0

Heating: Forced Air

Lot Size: 0.14 Acres

Roof Type: Slate

Stories: 3.0

Taxes: $14,084

Year Built: 1963

Feature Descriptions

Exterior: Brick, Other

Fireplace Features: None

Foundation: Block

Gas: Natural

Parcel #: 143-13-007

Parking: Asphalt, Lot, Driveway

Sewer: Public Sewer

Special View Info: City

Total Buildings: 1

Units: 9

Water: Public

Window Features: Aluminum, Slider

Local Schools

School District: Cleveland Municipal

Demographics

Cuyahoga County Demographic Information for 4467 Lee rd, Cleveland, OH 44128

Fips

Fips Code 39035

Population

2020 to 2025 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2025 Estimate (V2025) 1,232,925

2020 Estimate (V2025) 1,264,775

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.1%

18 to 64 54.2%

65 and Older 20.5%

Gender

Male 48.0%

Female 52.0%

Place of Birth

Foreign 7.7%

US 92.3%

Education

High School Graduate, Age 25+ 91.5%

Bachelor's Degree or Higher, Age 25+ 36.5%

Computer and Internet use

Households with a computer 94.0%

Households with a broadband Internet subscription 89.5%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 54,264

Income

Per Capita Income $42,747

Median Household Income $64,468

People in Poverty 14.9%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 554,551

Average Household Size 2.20

Owner-Occupied 59.4%

Multi-Family 34.9%

Owner-Occupied Median Value $195,400

Median selected monthly owner costs -with a mortgage $1,570

Median selected monthly owner costs -without a mortgage $671

Median gross rent $1,060

Building Permits

New Private Housing Issued 2024 1,685

Years at Residence

1 Year or More 86.7%

Less Than 1 Year 13.3%

Business and Employment

Private non-farm Establishments 31,496

Private non-farm Employment 681,543

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 110,977

Number of Firms 23,160

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

$ 4,935.85 per month $3,558.02 Principal & Interest $1,173.67 Property Tax $204.17 Homeowner's Insurance

Change Payment Information

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4467 Lee rdCleveland, OH 44128