801 E 157 StreetCleveland, OH 44110

Property Description

First time on the market in nearly 40 years! Proudly owned by the same owner since December 1986, this updated duplex is a rare opportunity that doesn't come along often. Whether you're an investor looking for a high-potential income property or an owner-occupant ready to let rental income help pay your mortgage, this one delivers. Both units will be vacant, giving you the freedom to move in immediately, select your own tenants and establish market rents from day one. Extensive improvements in 2025 consist of completely rebuilt front porches, rebuilt rear exterior stairs, new exterior concrete, a new first-floor back door and a 2024 first-floor hot water tank. Additional major updates include a 2021 electrical upgrade from knob-and-tube to Romex; meeting all current code requirements, a 2018 roof, a 2016 first-floor furnace, the basement stairs were replaced in 2016, there is a large fenced in back yard and there is a detached 2-car garage with working electricity. The first-floor unit features a new walk-in shower completed in 2023 and 2022 luxury vinyl plank flooring. The first-floor unit also comes with a stove and refrigerator. The second-floor unit offers a new refrigerator, new oven, new microwave and new toilet, along with 2022 luxury vinyl plank flooring in the kitchen and hallway. The third floor offers potential for future conversion to an additional living space or third unit, subject to buyer verification and any required approvals. With approximately 2,247 square feet, 4 bedrooms, 2 full bathrooms, separate living spaces and countless updates already completed, this property offers exceptional flexibility, lasting value and outstanding income potential. Properties with this combination of long-term ownership, major updates, vacant units and income potential rarely become available. Schedule your private showing today and discover why this could be the best purchase you make all year.

Property Features

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