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4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
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4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
4019 Newark Avenue
Active Under Contract

4019 Newark Avenue

4019 Newark Avenue, Cleveland, OH 44109

$299,900
Investors, this one is priced to sell and ready to produce income from day one. This turnkey quadplex sits in the heart of Clark Fulton, one of Cleveland's most active investment corridors, and offers a rare mix of immediate cash flow and upside. One unit is currently occupied by a long term tenant on a lifelong housing voucher, generating a reliable $1,120 per month at 100% voucher coverage, meaning guaranteed rent with no vacancy risk on that unit.

The remaining three units, a spacious 3 bedroom, a 1 bedroom, and a 2 bedroom, are all vacant and rent ready, giving a new owner the flexibility to place tenants immediately at full market rent or explore other rental strategies. With one unit already cash flowing and three more ready to lease right away, this property offers a fast path to a fully stabilized income stream.

Whether you are an experienced investor looking to add a proven performer to your portfolio or just getting started in multifamily, 4019 Newark delivers the kind of numbers that are hard to find in today's market. Priced to sell and ready to move quickly, this is a cash flow opportunity you do not want to miss.

8
beds

4
baths

4,373.42 Sq.Ft. lot

Aiden Avtgis

Aiden Avtgis

Features & Amenities

Interior

  • total bedrooms8
  • Total bathrooms4
  • full bathrooms4

Area & Lot

  • Status Active Under Contract
  • Lot Area4,373.42 Sq.Ft.
  • MLS® ID5239657
  • TypeMulti-Family
  • YEAR BUILT1900
  • School DistrictCleveland Municipal - 1809

Exterior

  • STORIES2
  • water SourcePublic
  • roofShingle
  • parkingOff Street
  • HEAT TYPEForced Air
  • AIR CONDITIONINGWall/Window Unit(s)
  • sewerPublic Sewer

Financial

  • Sales Price$299,900
  • Real Estate Tax $8,824/yr
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Schedule a Showing

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Thank you for your interest in 4019 Newark Avenue, Cleveland, OH 44109. We are reviewing your request and will be in touch shortly!

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