6415 Gertrude Avenue
Cleveland, OH 44105

Listed at $349,000

Details

  • MLS# 5183887
  • Multi Unit - Multiple
  • Status Active
  • 10 Bedrooms
  • 3 full Bathrooms
  • 3,772 Square Feet
  • 0.119 acres
  • Built in 1910
  • Cleveland Municipal - 1809 Local Schools
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Description

FULLY UPDATED TURN KEY triplex offering a clean, modern feel throughout and strong potential for both owner-users and investors alike. This well-maintained property features three spacious units with flexible layouts, each showcasing fresh finishes, neutral paint tones, and updated flooring that create a bright, move-in-ready atmosphere. Large windows bring in abundant natural light, while thoughtful room flow allows for comfortable living and versatile use of space. Kitchens have been refreshed with modern cabinetry and ample counter space, and bathrooms are clean and updated with contemporary fixtures. Multiple units offer bonus rooms...read more that can serve as additional living areas, office space, or storage, adding flexibility to each floor plan. A full unfinished basement provides laundry access and additional storage options.Outdoor features include welcoming covered porches, balconies, and a shared yard?ideal for enjoying fresh air or casual outdoor use. The property also offers a private driveway for convenient off-street parking. Separate utilities for electric and gas help streamline management, with owner-paid water and sewer.With its updated condition, multiple income streams, and practical layout, this property presents an attractive opportunity for investors seeking a solid addition to their portfolio or buyers looking for a multi-unit option with long-term potential. Projected rents total $4,494 per month, generating an estimated annual NOI of about $35,000 and placing this property at an approximate 10% cap rate, a rare return for something this updated and move in ready. Updates Include new roof, windows, plumbing and electrical, HVAC and HWTs in each unit as well as designated laundry areas.Can be sold as part of a portfolio, contact list agent

Features

  • None
  • Forced Air
  • 3.0 Stories
  • $1,717 / year Taxes
  • Public
  • Built in 1910
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 2:14:02 AM EST) or MLS NOW (last updated Sat 03/14/2026 12:17:38 AM EST). Real estate listings held by brokerage firms other than Progressive Urban Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: Yes
  • Basement: Unfinished
  • Cooling: None
  • Days on Site: 42
  • Exterior: Aluminum Siding
  • Heating: Forced Air
  • Laundry: Lower Level
  • Lot Size: 0.12 Acres
  • Parcel#: 132-13-050
  • Parking: Driveway
  • Roof Type: Shingle
  • Sewer: Public Sewer
  • Stories: 3.0
  • Taxes: $1,717 / year
  • Water: Public
  • Year Built: 1910