2653 W 27th Street, Cleveland, OH 44113 (MLS # 5254724)

Photo for 2653 W 27th Street, Cleveland, OH 44113 (MLS # 5254724)

Price	$350,000
Status	Active
Beds	5
Baths	3 Baths
Home size	3,780 sqft
Lot Size	4,339 sqft
Days on Market	3

Excellent investment opportunity in Cleveland's desirable Ohio City neighborhood! This unique property features three rental units across two separate buildings on one parcel, offering an attractive combination of established rental income and long-term investment potential. The front building is a spacious duplex (2,700 sq ft) featuring two large 2-bedroom, 1-bathroom units, currently rented for $1,050 and $1,129 per month. The rear single family (1,080 sq ft) is a detached 2-bedroom, 1-bathroom currently rented for $1,200 per month. All of the tenants are long term on month to month leases rented through Section 8. Together, the three units generate $3,379 in monthly rental income, or $40,548 annually! All three units are Lead Free Certified through the City of Cleveland, providing an additional benefit for investors. Conveniently located within walking distance of the new 60-unit Hub 27 development to begin leasing in Spring 2027. The surrounding area is also positioned for additional investment, with developers proposing future grocery, senior housing, and other commercial projects! Whether you're expanding an existing rental portfolio or seeking a multifamily investment in one of Cleveland's established urban neighborhoods, this property offers immediate rental income, a versatile two-building configuration, and proximity to exciting neighborhood redevelopment.

Tiny photo for 2653 W 27th Street, Cleveland, OH 44113 (MLS # 5254724)

Property Type(s): Multi Family

Last Updated	10/20/2026	Tract	E Ackleys Surv
Year Built	1880	County	Cuyahoga

Additional Details

AIR	None
BASEMENT	Partial, Yes
CONSTRUCTION	Vinyl Siding
HEAT	Forced Air
LOT	4339 sq ft
PARKING	Driveway
SEWER	Public Sewer
STORIES	2
SUBDIVISION	E Ackleys Surv
TAXES	4448
WATER	Public

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Listing provided by: Joshua Janus | 216-284-6736, Key Realty, josh@janusdevelopment.co, 216-284-6736

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Data Last Updated: 10/22/26 9:25 PM PDT

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