7301 Harvard Avenue
Cleveland, OH 44105
- 11 beds
- 5 baths
- 2,552 sqft
- $115 per sqft
- 1900 build
- – on site
Discover an exceptional investment at 7301 Harvard Ave, Cleveland, OH 44105, featuring a quadplex plus single-family home perfect for both seasoned investors seeking to bolster their portfolio with a high cash-flowing property and new investors looking to break into the market with a turnkey asset. Boasting 5, fully occupied income-producing units, this property generates $4,000 in gross monthly income ($48,000 annually), delivering robust cash flow and outstanding returns. With average monthly expenses of $1,400 (excluding mortgage), it yields a Net Operating Income of $31,200, equating to an impressive 10.5% cap rate and nearly a 20% cash-on-cash return. Located in a revitalizing Cleveland neighborhood with strong rental demand, this property benefits from proximity to public transit, amenities, and a healthcare-driven economy. Nearly all units have been updated within the last three years, featuring a solid brick structure and aluminum siding for easy maintenance and minimal compliance costs. The 5-unit configuration diversifies income, reduces vacancy risk. This low-maintenance, high-performing property promises immediate cash flow, long-term appreciation, and value-add potential through rent optimization or minor upgrades. Don’t miss this opportunity to own a turnkey gem in one of Ohio’s top real estate markets. Contact us today because this one won't stick around long.
Last checked:
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Last updated Apr 24, 2025
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MLS# 5117330 —
The Building
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Year Built:1900
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Year Built Source:PublicRecords
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Construction Materials:AluminumSiding,Brick
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Levels:Two
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Stories:2
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Roof:Asphalt,Fiberglass,Flat
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Basement:Unfinished
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Basement:true
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# of Buildings:2
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Above Grade Finished Area:2552.0
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Above Grade Finished Area Source:Assessor
Room Dimensions
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Living Area:2552.0
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Living Area Units:SquareFeet
Location
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Directions:at corner of E71st and Harvard Blvd.
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Latitude:41.448983
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Longitude:-81.637203
The Property
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Parcel Number:133-18-063
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Property Type:ResidentialIncome
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Property Subtype:Quadruplex
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Property Subtype Additional:Quadruplex
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Lot Size Acres:0.1274
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Lot Size Area:0.1274
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (216) 421-6352
- Office phone:
- (216) 406-1772
Taxes
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Tax Year:2024
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Tax Legal Description:315 BWW 0253 ALL
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Tax Annual Amount:$3,978
Beds
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Bedrooms Total:11
Baths
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Total Baths:5
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Full Baths:5
The Listing
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Home Warranty:false
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Special Listing Conditions:Standard
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Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/7301-Harvard-Avenue-Cleveland-OH-44105--5117330/unbranded
Heating & Cooling
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Heating:ForcedAir
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Elementary School District:Cleveland Municipal - 1809
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Middle School District:Cleveland Municipal - 1809
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High School District:Cleveland Municipal - 1809
The Community
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Subdivision Name:Burke Worley & Webster
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Pool Private:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:Common,Driveway
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/24/25
Apr 24, 2025
|
Listed / Active | MLS_NOW | $295,000 | |
|
11/21/23
Nov 21, 2023
|
Sold | MLS_NOW | ||
|
11/2/23
Nov 2, 2023
|
Pending | MLS_NOW |
