8701 Lake Avenue, Cleveland, OH 44102
Davis & Grombachers · Cuyahoga County
Key Facts
Description
Mixed-use 3 units, Investor Special. Gross rent $2150.00/mo. Cleveland Lakewood line. Solid income stream in place at $25,800 annual gross income. Located on Cleveland side of Lakewood boarder. Residential rents re well under market with room to grow to $1200.00. Managers unit is a store that is currently rented and operating. Minutes to Edgewater, I90, and west side retail. Upside Alert: current rents trail Lakewood Market by 30%. Ideal for buyer looking to force appreciation. Priced aggressively at $229,000
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1900
Stories
2
Lot Size
0.10 acres
Days on Market
40
MLS® Listing#
5187243
Property Features
Cooling
Heating
Parking
Laundry
Construction
Foundation
Roof
Windows
Sewer
Water Source
Financial Details
Annual Taxes
$4,914
Tax year 2025
Parcel Number
001-09-079
Directions
Lake Ave
Affordability Calculator
$39,800
Estimated monthly payment
$1,059/mo
Principal $159,200 · Est. interest $222,098 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cleveland, OH
- 51
- Median Days on Market
- 1,829
- Median Sq Ft
- $98
- Median Price / Sq Ft
- 1,399
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Cleveland, OH.
Location
Points of Interest in Cleveland, OH
Showing the Cleveland area map.
Nearby Schools
Watterson-Lake Elementary School
Elementary · 0.5 mi away
Madison Community School
Elementary · 0.5 mi away
Marion C Seltzer Elementary School
Elementary · 0.6 mi away
Louisa May Alcott Elementary School
Elementary · 0.7 mi away
Joseph M. Gallagher School
School · 0.7 mi away
The Gerson School
Elementary · 0.8 mi away
West Technical High School
Secondary · 0.9 mi away
E Prep & Village Prep Willard Campus
Elementary · 0.9 mi away
Clark School
Elementary · 1.0 mi away
H Barbara Boker Montessori Center
Elementary · 1.0 mi away
Metro Catholic School
School · 1.1 mi away
Artemus Ward School
School · 1.1 mi away
Halle School
Elementary · 1.1 mi away
Max S Hayes High School
Secondary · 1.1 mi away
Northwest School of the Arts
Elementary · 1.2 mi away
Lake Erie International High School
Secondary · 1.2 mi away
Garrett Morgan School of Engineering and Innovation
Secondary · 1.3 mi away
Urban Community School
School · 1.3 mi away
Stockyard Community Elementary
Elementary · 1.4 mi away
Saint Ignatius School
School · 1.4 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 16005-16007 Nelamere Road, East Cleveland, OH | $139,989 | 7 | 3 | 3,321 |
| 4404 Bush Avenue, Cleveland, OH | $139,999 | 8 | 4 | — |
| 14410 Northfield Avenue, East Cleveland, OH | $140,000 | 6 | 3 | 1,960 |
| 6914 Polonia Avenue, Cleveland, OH | $144,900 | 5 | 2 | 1,902 |
| 753 E 118th Street, Cleveland, OH | $145,000 | 7 | 2 | 2,488 |
| 15709 Halliday Avenue, Cleveland, OH | $145,000 | 5 | 3 | 2,912 |
Moving Cost Estimate
EXIT Agents in Cleveland
Listing Courtesy: 2000 Professional Realty - kalnazer@sbcglobal.net, 216-650-2242
Last Updated: 2026-02-14