4 Beds
3 Baths
$199,995
10222 Parkgate Avenue, Cleveland OH, 44108
Built in1911
Property typeMulti-family
Overview
Active
Listed Mar 21, 2026
Updated Aug 29
Turnkey, fully renovated duplex offering immediate income and strong cash-flow potential. Upper unit is leased through CMHA Section 8 at $1,326/month. Lower unit is renovated, with a recently new lease (July 26 producing $1,200/month, producing estimated gross income of ~$2,526/month (~$30K/year) once stabilized.
Property has been updated throughout with modern kitchens, renovated bathrooms, durable flooring, fresh paint, lighting, and fixtures. Spacious layouts feature large living and dining areas, two bedrooms per unit, and abundant natural light. Covered front porch and upper balcony provide outdoor space, and a driveway offers off-street parking.
Lead-safe certification has been completed in accordance with Cleveland requirements, reducing compliance costs and delays for rental owners. Basement includes updated electrical panels. Separate utilities typical for area.
Convenient location with access to public transit, major roadways, employment centers, healthcare, universities, shopping, and neighborhood services — supporting strong tenant demand and consistent occupancy.
Ideal for buy-and-hold investors, portfolio expansion, owner-occupants seeking rental income, or buyers completing a 1031 exchange. Turnkey condition minimizes upfront capital expenditures and simplifies transition to new ownership.
$1,331/mo
Est. mortgage payment based on a $199,995 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5195105
Interior Features
- Bedrooms
- 4
- Bathrooms
- 3
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.1 Acres
Other Property Details
- Taxes
- $1,321
- Tax Frequency
- Annually
Courtesy of WR Western Reserve Real Estate
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Katherine Jennings shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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