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$185,000
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Property Description
Welcome to 5816 Madison Ave, an updated duplex with long-term upside potential, whether you are an investor or an owner occupant looking for rental income to offset your mortgage. This solid property features two well-maintained units, each currently leased - the downstairs at $994 and the upstairs at $1,030/month. Upgrades include vinyl plank flooring, updated cabinetry, and baths. First floor unit includes a separate dining room. Second floor unit includes a very large walk-in closet. Updated roof. Deep lot, grassy and tree-shaded with fenced-in side and back yards and 4 parking spots. Located on a quiet street with new development in a desirable neighborhood with easy access to transit, shopping, and local amenities. Professional property management in place. Don't let this opportunity pass you by!
Full Property Details
Full Property Details for 5816 Madison
General
- Sold For: $185,000
- Taxes: $4,849 (2024)
- Status: Closed
- Type: Duplex
- Source: 505
- MLS ID: 5146476
- Added to Site: 169 day(s) ago
Interior
- Number of Rooms: 12
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: In Basement
Parking
- Garage Spaces: 4
- Parking Features: No Garage, None, Off Street, Parking Pad
Location
- County: Cuyahoga
- Township: Cleveland
- Driving Directions: North Of Lorain. South of Bridge
- Direction Faces: South
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Aluminum Siding
- Basement: Yes
- Basement Desc.: Common Basement
- Roof: Asphalt, Fiberglass
- Stories/Levels: 2
- Year Built: 1900
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.115
- Lot Size: .115
- Lot Size Source: Assessor
- Fencing (Description): Chain Link, Full, Wood
Financial Considerations
- Tax Amount: $4,849
- Tax Year: 2024
- Terms: Cash, Conventional, FHA
- Owner Pays: Sewer, Trash Collection, Water
Disclosures and Reports
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 002-28-075
Listed and Sold by JAMM Real Estate Co., Michael L Anter
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Schools
Schools serving 5816 Madison
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Waverly Elementary School 1805 West 57th Street, Cleveland, OH 44102 | PK-8 | 0.3 mi |
Max S Hayes High School 2211 West 65th Street, Cleveland, OH 44102 | 9-12 | 0.4 mi |
Clark School 5550 Clark Avenue, Cleveland, OH 44102 | PK-8 | 0.5 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 4 mi |
Lincoln West School Of Global Studies 3202 West 30th Street, Cleveland, OH 44109 | 9-12 | 1.5 mi |
Davis Aerospace & Maritime High School 1440 Lakeside Avenue East, Cleveland, OH 44114 | 9-12 | 2.9 mi |
Rhodes Schools of Environmental Studies 5100 Biddulph Avenue, Cleveland, OH 44144 | 9-12 | 3.2 mi |
Orchard School 4200 Bailey Avenue, Cleveland, OH 44113 | PK-8 | 0.6 mi |
Joseph M Gallagher School 4016 Woodbine Avenue, Cleveland, OH 44113 | PK-8 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5816 Madison
Date
Details
Price
Change
Source
1/28/2026
Sold
$185,000
-9.76%
MLS
10/21/2025
Price Reduced
$205,000
-12.77%
MLS
10/16/2025
Listed
$235,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5816 Madison, Loveland, OH 44102 (MLS# 5146476) is a Duplex property that was sold at $185,000 on January 28, 2026. Want to learn more about 5816 Madison? Do you have questions about finding other Duplex real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

