Ad #7678700
MLS #5207661
Value-Add 4-Unit with Major Capital Improvements Already
889 E 143rd St, Cleveland, Ohio, 44110
$175,000
8Beds
4Baths
5,700Sqft
0.122Acres
About this property
Value-Add 4-Unit with Major Capital Improvements Already Completed! Located just south of the growing Collinwood Arts District, 889 E 143rd offers investors the opportunity to increase cash flow where many of the major expenses have already been addressed. This 4-unit building consists of 2-bedroom units tenants and 1 vacant unit ready for light cosmetic updates. Current rents include Unit 2 at $475/month plus $50 water reimbursement and Unit 4 at $800/month, leaving significant room for future rental growth once stabilized. Unit 3 has already been cleaned out and can be turned quickly with minor updates.Recent improvements include a brand-new roof (2025), all new windows in Unit 3 (2025), all hot water tanks replaced (2026), serviced furnaces in strong working condition (2026), and cleaned-up electrical. The owner has also invested thousands into pest-proofing the property following concerns from Unit 4. Market rents are around $950 which produces a 15% cap rate once all units are renovated. Located near the shops, restaurants, galleries, and nightlife of the Collinwood Arts District-including local favorite Six Shooter Coffee-and minutes from Euclid's major waterfront redevelopment project improving public access to Lake Erie, this property offers both immediate upside and long-term neighborhood growth potential. Create value with some minor updates or even house hack and live in one of the units, either way- this is a great investment. Please note: the seller is not offering seller financing.
Property Features
8 Beds
4 Baths
5,700 Sqft
Built in 1926
0.122 Acres
2 Stories
Lake Erie - Cuyahoga County
Driveway
Siding: Brick
Flat Roof
Forced Air
$4,004 / yr property tax
Cuyahoga County
Cowles Brooks & Smyth Community
Additional Photos
Contact Information
Erin Thomas
KW Living
440-670-2300
Location
Listing Agent: Erin Thomas (License #: 2019005940) 440-670-2300
Broker: KW Living 440-318-1620 Listing Site
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: KW Living 440-318-1620 Listing Site
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
LakeHouse.com
Printed Jul 15, 2026
Photo Gallery
$175,000
8
Beds
4
Baths
5,700
Sqft
889 E 143rd St, Cleveland, Ohio, 44110
By contacting this agent you agree to these Terms and Conditions.
MLS# 5207661
Value-Add 4-Unit with Major Capital Improvements Already
$175,000
889 E 143rd St, Cleveland, Ohio, 44110
8
Beds
4
Baths
5,700
Sqft
0.122
Acres
$175,000
889 E 143rd St, Cleveland, Ohio, 44110
8 Beds
4 Baths
5,700 Sqft
0.122 Acres
Value-Add 4-Unit with Major Capital Improvements Already Completed! Located just south of the growing Collinwood Arts District, 889 E 143rd offers investors the opportunity to increase cash flow where many of the major expenses have already been addressed. This 4-unit building consists of 2-bedroom units tenants and 1 vacant unit ready for light cosmetic updates. Current rents include Unit 2 at $475/month plus $50 water reimbursement and Unit 4 at $800/month, leaving significant room for future rental growth once stabilized. Unit 3 has already been cleaned out and can be turned quickly with minor updates.Recent improvements include a brand-new roof (2025), all new windows in Unit 3 (2025), all hot water tanks replaced (2026), serviced furnaces in strong working condition (2026), and cleaned-up electrical. The owner has also invested thousands into pest-proofing the property following concerns from Unit 4. Market rents are around $950 which produces a 15% cap rate once all units are renovated. Located near the shops, restaurants, galleries, and nightlife of the Collinwood Arts District-including local favorite Six Shooter Coffee-and minutes from Euclid's major waterfront redevelopment project improving public access to Lake Erie, this property offers both immediate upside and long-term neighborhood growth potential. Create value with some minor updates or even house hack and live in one of the units, either way- this is a great investment. Please note: the seller is not offering seller financing.
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Property Details
HOME DETAILS
8 Beds
4 Baths
5,700 Sqft
Built in 1926
0.122 Acres
2 Stories
WATER & VIEW
Lake Erie - Cuyahoga County
EXTERIOR
Driveway
Siding: Brick
Flat Roof
INTERIOR
Forced Air
FINANCIAL & COMMUNITY
$4,004 / yr property tax
Cuyahoga County
Cowles Brooks & Smyth Community
See More Details
Location
Mortgage Calculator
About Lake Erie - Cuyahoga County
Looking for lakefront homes for sale on Lake Erie - Cuyahoga County? Find waterfront real estate here. Nearby cities include Rocky River, Cleveland, Bratenahl, Lakewood, Euclid, Bay Village, Struthers, Cleveland, Euclid and Lakewood. Lake Erie - Cuyahoga County is located in Cuyahoga, and Cuyaho counties. Discover the best lake front listings - properties, land, and acreage to build your dream lake house, cottage or cabin on. Search for a lake real estate agent who specializes in Lake Erie - Cuyahoga County property to help you buy or sell a home.
Ad Statistics
Ad Number
7678700
Viewed
29 times
Listing Status
Active Under Contract
Added
May 06, 2026
Last Refresh
Jul 15, 2026 10:19:20 AM
Listing Information
Data Source
MLS Now
Source Property ID
5207661
Listing Agent: Erin Thomas (License #: 2019005940) 440-670-2300
Broker: KW Living 440-318-1620 Listing Site
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: KW Living 440-318-1620 Listing Site
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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