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Dawn Semancik

dawnsemancikhomes@gmail.com +1(216) 650-0746

$570,000

Est. payment - /mo

6 Beds

2 Baths

0.4 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision City View Allotment

MLS Listing ID 5202283

Bedrooms 6

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 1900

Annual Tax Amount $12,456

Tax Year 2025

Lot Size 0.402 Acres

Acres 0.402

Property Sub-Type Quadruplex

Property Description

4432 & 4438 Pearl Road are offered together as a portfolio — a great opportunity to acquire two fully renovated income properties in one turnkey transaction. 4432 is a stunning 5-bedroom, 2-bathroom single-family home — completely updated with new flooring, cabinets, bathrooms, electrical, plumbing, and HVAC throughout. Tenant pays all utilities. 4438 is a fully renovated 3-unit multifamily (3BD/1BA, 2BD/1BA, 2BD/1BA) with a new furnace (2025), brand new flat roof, and all underground plumbing redone. All 4 units are occupied with a professional property management company in place — just sit back and collect. Both properties are LEAD certified. Bonus: the basement at 4438 is framed, plumbed, and permit-ready for 1–2 additional units. Parking parcel between the two properties conveys with the sale. Appliances at 4438 convey; appliances at 4432 belong to the tenant. Strong cash flow from day one at an 8.06% current cap rate, with a clear path to 10.01% at market rents.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features On Site

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 012-07-026

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Chassity Miller • EXP Realty, LLC. • chassity@octopodallc.com, 330-604-2363

NEARBY SCHOOL & BUSINESS

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Dawn Semancik

+1(216) 650-0746

Team Leader | License ID: SAL.2016005292

Team Leader License ID: SAL.2016005292

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4432 Pearl RD Cleveland, OH 44109

Dawn Semancik

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION