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Investment Property for Sale at 5816 Madison in Cleveland, OH for $249,000

Listing data last changed 08/15/2025 - 4:09am
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5816 Madison | Cleveland

$249,000 | 4 Beds | 2 Baths (2 Full) | 0.0 Sq. Ft.

Welcome to 5816 Madison Ave, an updated duplex with long-term upside potential, whether you are an investor or an owner occupant looking for rental income to offset your mortgage. This solid property features two well-maintained units, each currently leased - the downstairs at $994 and the upstairs at $1,030/month. Upgrades include vinyl plank flooring, updated cabinetry, and baths. First floor unit includes a separate dining room. Second floor unit includes a very large walk-in closet. Updated roof. Deep lot, grassy and tree-shaded with fenced-in side and back yards and 4 parking spots. Located on a quiet street with new development in a desirable neighborhood with easy access to transit, shopping, and local amenities. Professional property management in place. Don\u0027t let this opportunity pass you by! MLSNow 5146476 Directions to property: North Of Lorain. South of Bridge

MLS Listing ID: 
MLSNow 5146476
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$249,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Property Sub Type: 
Duplex
Primary Market Area: 
Cleveland
Address: 
5816 Madison, Cleveland, OH 44102
County: 
Cuyahoga
Latitude: 
41.4774690
Longitude: 
-81.7267940
Directions: 
North Of Lorain. South of Bridge
Public Remarks: 
Welcome to 5816 Madison Ave, an updated duplex with long-term upside potential, whether you are an investor or an owner occupant looking for rental income to offset your mortgage. This solid property features two well-maintained units, each currently leased - the downstairs at $994 and the upstairs at $1,030/month. Upgrades include vinyl plank flooring, updated cabinetry, and baths. First floor unit includes a separate dining room. Second floor unit includes a very large walk-in closet. Updated roof. Deep lot, grassy and tree-shaded with fenced-in side and back yards and 4 parking spots. Located on a quiet street with new development in a desirable neighborhood with easy access to transit, shopping, and local amenities. Professional property management in place. Don\u0027t let this opportunity pass you by!
Community Information
School District: 
Cleveland Municipal - 1809
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1900
Living Area: 
0.0
Basement: 
Common Basement
Construction
Construction Materials: 
Aluminum Siding
Roof: 
Asphalt,Fiberglass
Room Details
Details about the rooms in the building.
Total Rooms: 
12
Total Bedrooms: 
4
Total Bathrooms: 
2
Total Full-Bathrooms: 
2
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.12
Lot Size (Area): 
0.12
Lot Features
Parking Type: 
No Garage,None,Off Street,Parking Pad
Fence: 
Chain Link,Full,Wood
Public Record
Parcel Number: 
002-28-075
Annual Tax: 
$4,849.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
JAMM Real Estate Co.

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