4019 Newark Avenue, Cleveland, OH 44109 (MLS # 5239657)
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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.
Property Type(s):
Multi Family
| Last Updated | 8/25/2026 | Tract | Rhodes Gartnell & Barbers All |
|---|---|---|---|
| Year Built | 1900 | County | Cuyahoga |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Forced Air |
| LOT | 4373 sq ft |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Rhodes Gartnell & Barbers All |
| TAXES | 8823.5 |
| WATER | Public |
Location
Contact us about this Property
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| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Ben Schafer to contact you even if your name is on a Federal or State "Do not call List". | |
Listing provided by: Aiden Avtgis | 330-415-7054, RE/MAX Infinity, sellwithaiden@gmail.com, 330-415-7054
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than Ben Schafer Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
Listing information is deemed reliable, but not guaranteed.
Data Last Updated: 8/25/26 11:23 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
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