Property
Beds
8
Full Baths
3
1/2 Baths
None
Year Built
1900
Sq.Footage
N/A
2221–2223 E 76th St, Cleveland, OH 44103 – Duplex + Single-Family | Value-Add Opportunity | Part of 4-Property Investment Package Excellent value-add investment opportunity located on Cleveland’s east side. This offering includes (2) properties on one parcel: a single-family home at 2223 E 76th and a duplex at 2221 E 76th, providing multiple paths for strong cash flow once stabilized. The 2223 E 76th single-family home was most recently occupied at the end of 2024, bringing in $1,500 per month through the EDEN program, demonstrating strong rent potential in this market. The unit is currently vacant and needs minor make-ready work to return to rent-ready condition. The 2221 E 76th duplex features (2) 2-bedroom units and requires a full renovation before occupancy. This property is ideal for investors comfortable with renovation projects seeking to maximize equity and long-term return. Buyers are advised to review the City of Cleveland violation list included in the supplements for a full understanding of the required repairs. This property is being sold as part of a 4-property investment package, which includes a mix of income-producing and value-add assets across proven rental markets. The seller has completed full inspections on all four properties, and the portfolio’s pricing already factors in renovation costs — positioning the entire package to deliver 8–12% cap rates at 75–90% of HUD Fair Market Rent. Property Highlights: (1) 4BD Single-Family + (1) Duplex (2 × 2BD Units) 2223 E 76th – Rent-Ready Refresh | Last Rented at $1,500/mo (EDEN) 2221 E 76th – Full Rehab Required | Violations Posted (See Supplements) Strong EDEN/Section 8 Rent Area | Consistent Tenant Demand Part of a 4-Property Package | 8–12% Pro Forma Cap Rate Range Seller-Motivated | Inspections Completed on All Properties Ideal for value-driven investors seeking both cash-flow potential and equity growth within a diversified Cleveland portfolio.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
3
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Unknown
-
Parking
Additional Parking, Direct Access, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1917
-
Property Type
Residential Income
-
Property Sub Type
Triplex
Price
-
Sales Price
$125,000
-
Tax Amount
1287.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
High School
Listing Courtesy of Kim Lewis , Home Equity Realty Group
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