1817 Penrose Avenue East Cleveland, OH 44112
Multi-Family (2-4 Units)
MLS #: 5103833
Courtesy Of Keller Williams Realty Greater Cleveland Northeast
Property InformationDescription
Attention investors! This multifamily property in the rapidly developing Circle East neighborhood is your next value-add project. With solid bones and ample space, this fixer-upper offers incredible profit margins. This side-by-side duplex boasts 3 bedrooms on each side with separate utility meters. Additionally, the attic area has bonus living space. The Circle East District is one of Cleveland's hottest projects and substantial investments with the Cuyahoga County Landbank. Phase I includes a mix of housing types, rebuilding of the waterline and sewer infrastructure, repaving of the streets, new sidewalks, tree lawns, trees, streetlights, and the installation of fiber optic cable. Phase II will begin this year with the groundbreaking of new luxury homes on Penrose Avenue and adjacent streets. These new homes are projected to be listed for over $325,000! The development of new commercial and recreational amenities on Euclid Avenue are included in the plan as well. This is the diamond in the rough you've been looking for! Don't miss this amazing opportunity! Google Circle East District to learn more about this major community revitalization project! Seller will not entertain any assignments of contracts nor seller financing offers. Cash deal. Easy to show!
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: None
- Exterior Type: Aluminum Siding
- Lot Size: 0.09 Acres
- Roof Type: Asphalt
MAP & DIRECTIONS
School Information
1817 Penrose Avenue, East Cleveland, OH 44112
Elementary School
Grades KG-2 |
Public School
CALEDONIA ELEMENTARY SCHOOL
Cleveland, OH 44112
914 Caledonia Ave
216.268.6690
Distance: 2.1 mi
Student:Teacher Ratio
16:1
Total Students
280
Elementary School
Grades 3-5 |
Public School
MAYFAIR ELEMENTARY SCHOOL
Cleveland, OH 44112
13916 Mayfair Ave
216.268.6650
Distance: 1.2 mi
School Rating
D+
Student:Teacher Ratio
15:1
Total Students
355
Middle School
Grades 6-8 |
Public School
W.H. KIRK MIDDLE SCHOOL
Cleveland, OH 44112
14410 Terrace Rd
216.268.6610
Distance: 1.2 mi
School Rating
D
Student:Teacher Ratio
15:1
Total Students
352
High School
Grades 9-12 |
Public School
SHAW HIGH SCHOOL
Cleveland, OH 44112
15320 Euclid Ave
216.268.6500
Distance: 1.7 mi
School Rating
D
Student:Teacher Ratio
12:1
Total Students
627
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Mary Mcleod Bethune Prek-8 School | 0.5 mi | Public | PK-8 | C |
| Cleveland Montessori | 0.6 mi | Private | PK-8 | |
| Patrick Henry School | 1.2 mi | Public | PK-8 | D |
| Cleveland School Of The Arts | 1.3 mi | Public | 9-12 | C |
| Citizens Academy | 1.3 mi | Public | KG-5 | |
| Citizens Leadership Academy East | 1.3 mi | Public | KG-8 | D- |
| Cleveland School Of Science And Medicine | 1.4 mi | Public | 9-12 | B+ |
| Cleveland Early College High School | 1.4 mi | Public | 9-12 | A- |
| Cleveland School For Architecture And Design | 1.4 mi | Public | 9-12 | B |
| Communion Of Saints School | 1.4 mi | Private | PK-8 | |
| Citizens Leadership Academy | 1.4 mi | Public | 6-8 | C- |
| Franklin D. Roosevelt Academy | 1.5 mi | Public | PK-8 | D+ |
| Boulevard Elementary School | 1.5 mi | Public | KG-5 | C |
| Daniel E. Morgan Elementary School | 1.6 mi | Public | PK-8 | C |
| Roxboro Middle School | 1.6 mi | Public | 6-8 | C |
| Glenville High School | 1.6 mi | Public | 9-12 | D |
| Roxboro Elementary School | 1.6 mi | Public | KG-5 | B |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Cleveland, OH 44112
| Median Age: | 42.1 |
|---|---|
| Married: | 14% |
| Number of Households: | 8,770 |
| Households with Children: | 24.9% |
Cleveland, OH 44112
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Copyright © 2025 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
