7507 Lawnview AVE Cleveland, OH 44103
12 Beds
6 Baths
6,424 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 6,424 sqft
Price per Sqft $69
Subdivision Simpson & Goakes
MLS Listing ID 5155900
Bedrooms 12
Full Baths 4
Half Baths 2
HOA Y/N No
Abv Grd Liv Area 6,424
Year Built 1910
Annual Tax Amount $5,373
Tax Year 2024
Lot Size 9,561 Sqft
Acres 0.2195
Property Sub-Type Quadruplex
Property Description
Welcome to 7507 Lawnview Ave, a one-of-a-kind side-by-side fourplex featuring four spacious 3-bedroom townhome units! Each unit offers a full upstairs, a private basement, and both front & back entrances, giving tenants the feel of true single-family living. units have been thoughtfully renovated with modern LVP flooring, granite countertops, and major mechanical updates including multiple newer furnaces. This property is truly a cash cow for investors—whether you're local or out-of-state.
Cash-Flow Machine
Currently rented to reliable Section 8 tenants, the property generates a gross monthly income of $5,675:
• 7507 – $1,400
• 7509 – $1,385
• 7511 – $1,250
• 7513 – $1,640
That's $68,100 annually with tenants covering all utilities except water & sewer—keeping owner expenses low and profit margins high.
Highlights:
• Four side-by-side 3-bedroom townhome units
• Private basements & dual entrances for every unit
• Renovated interiors with LVP & granite finishes
• Multiple newer furnaces & key upgrades completed
• Fully rented, strong Section 8 tenancy
• Tenants pay gas & electric
Property is lead safe certified with the city!
Offered at just $499,900, this rare Cleveland fourplex is a true cash cow that won't last long. Opportunities like this don't come around often—schedule your showing today before it's gone!
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features On Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 106-11-063
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 6
Cleveland Entrepreneurship Preparatory School
Public | 5 - 8
- 6
Cleveland Arts and Social Sciences Academy
Public | KG - 8
- 5
Michael R. White School
Public | KG - 8
- 5
The Intergenerational School
Public | KG - 8
- 5
Mary McLeod Bethune PreK-8 School
Public | PK - 8
- 4
Campus International School
Public | KG - 5
- 4
Village Preparatory School
Public | KG - 4
- 4
Marion-Sterling School
Public | PK - 8
- 4
Dike School of the Arts
Public | PK - 8
- 4
Wade Park School
Public | PK - 8
- 4
Daniel E. Morgan Elementary School
Public | PK - 8
- 4
Bolton School
Public | PK - 8
- 4
Citizens Academy
Public | KG - 5
- 4
Phoenix Village Academy Primary 2
Public | 3 - 6
- 3
George Washington Carver School
Public | PK - 8
- 3
Anton Grdina School
Public | PK - 8
- 3
Franklin D. Roosevelt Academy
Public | PK - 8
- 2
Mary B. Martin School
Public | PK - 8
- 2
Patrick Henry School
Public | PK - 8
- 1
Case
Public | PK - 8
- 4
Horizon Science Academy-Cleveland Middle School
Public | 6 - 8
- 0
The School of One
Public | 8 - 12
- 0
Citizens Leadership Academy
Public | 6 - 8
- 9
Cleveland Early College High School
Public | 9 - 12
- 9
Cleveland School of Science and Medicine
Public | 9 - 12
- 8
Cleveland School for Architecture and Design
Public | 9 - 12
- 5
Horizon Science Academy Cleveland
Public | 9 - 12
- 5
Cleveland School of the Arts
Public | 9 - 12
- 4
Glenville High School
Public | 9 - 12
- 2
Design Lab @ Jane Addams
Public | 9 - 12
- 2
East Technical High School
Public | 9 - 12
- 2
New Technology Hs@East Tech
Public | 9 - 12
- 1
Jane Addams Business Careers Center
Public | 9 - 12
- 1
Health Careers Center High School
Public | 9 - 12
- 0
Cleveland Academy for Scholarship Technology and Leadership
Public | 9 - 12
- 0
Invictus High School
Public | 9 - 12
- 0
Nexus Academy of Cleveland
Public | 9 - 12
- 0
Believers Academy Program
Private | 9 - 12
- 0
Life Skills High School of Cleveland
Public | 9 - 12
- 0
St Martin de Porres High School
Private | 9 - 12
- 0
Law & Municipal Careers @ Mlk
Public | 9 - 12
- 0
Langston Hughes High School
Public | 9 - 12
- 0
Benedictine High School
Private | 9 - 12