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$405,000

  • Sold
  • Closed
  • Multi-Family
  • 4 Total Beds
See This Home
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This beautifully updated and rare brick 4-unit multifamily property is located on the historic Lake Avenue between Clifton blvd and Detroit Ave, in one of Cleveland's most desirable and rapidly appreciating neighborhoods. Just one block from 78th Street Studios and minutes from Edgewater Beach, Gordon Square, Ohio City, Tremont and downtown, this location offers unbeatable proximity and tenant appeal. Four 1-bedroom, 1-bathroom units feature a mix of refinished hardwood floors, high ceilings, updated bathrooms, stainless steel appliances, separate climate control and separate washer/dryer in the basement for each unit. Recent major improvements include new windows (2023) and a new EPDM roof (2024), delivering immediate peace of mind and lower maintenance costs for the next owner. The property also boasts an upstairs private deck and a downstairs covered deck, plus ample basement storage. Investor Highlights: strong rental demand and the possibility to add additional bedrooms or convert space for increased income. Adjacent to three Land Bank lots with outstanding opportunity for expansion, additional parking, or new construction (buyer to verify). Solid bones, tasteful updates, and excellent curb appeal on a charming tree-lined street. This turnkey multi-family asset is perfectly positioned for both immediate cash flow and long-term appreciation in a high-demand area near parks, dining, arts, and entertainment. Whether you're looking for a solid income producer or a value-add project with upside, this Lake Avenue property checks every box.

Full Property Details for 8005 Lake Ave

General

  • Sold For: $405,000
  • Taxes: $5,569 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: 505
  • MLS ID: 5219364
  • Added to Site: 58 day(s) ago

Interior

  • Interior Features: Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Storage, Track Lighting
  • Appliances: Dryer, Range, Refrigerator, Washer

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: In Basement

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Awning(s), Balcony, Private Entrance
  • Porch/Patio/Deck: Balcony

Parking

  • Parking Features: Additional Parking, Asphalt, Driveway

Location

  • County: Cuyahoga
  • Township: Cleveland
  • Driving Directions: Lake rd. just south of route 2 and west of 65th.
  • Direction Faces: Northeast

School Information

  • Elem School District: Cleveland Municipal - 1809
  • Midd School District: Cleveland Municipal - 1809
  • High School District: Cleveland Municipal - 1809

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Full, Interior Entry, Storage Space, Unfinished
  • Roof: Rubber
  • Windows: Blinds, Double Pane Windows, Insulated Windows, Screens, Window Treatments
  • Stories/Levels: 2
  • Square Feet: 3,030
  • Living Area: 3,030 Sq. Ft.
  • Finished Above Grnd: 3,030 Sq. Ft.
  • Year Built: 1915
  • Year Built Source: Public Records

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.0761
  • Lot Size: .0761
  • Lot Size Source: Assessor
  • Fencing (Description): Back Yard, Gate

Financial Considerations

  • Tax Amount: $5,569.16
  • Tax Year: 2025
  • Owner Pays: Exterior Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Internet

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: 29 WP 83FT W OF W 80 ST
  • Disclosures/Rstr.: Owner Is Listing Agent
  • Property ID: 002-01-050

Listed by Cleveland Realty Services, Brian Shapiro
Sold by Howard Hanna, Jason C Parsons

Listing agent

— 8005 Lake Ave —

  • Brian Shapiro

    Cleveland Realty Services

brian@clevelandrealtyservices.com, 440-720-4130

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 8005 Lake Ave

School District:Cleveland Municipal School District
NameGradesDistance
Marion C Seltzer Elementary School
1468 West 98th Street, Cleveland, OH 44102
PK-80.7 mi
Waverly Elementary School
1805 West 57th Street, Cleveland, OH 44102
PK-80.8 mi
Louisa May Alcott Elementary School
10308 Baltic Road, Cleveland, OH 44102
K-50.8 mi
John Marshall School of Information Technology
3952 West 140th Street, Cleveland, OH 44111
9-123.7 mi
Lincoln West School Of Global Studies
3202 West 30th Street, Cleveland, OH 44109
9-122.3 mi
Davis Aerospace & Maritime High School
1440 Lakeside Avenue East, Cleveland, OH 44114
9-123.3 mi
Rhodes Schools of Environmental Studies
5100 Biddulph Avenue, Cleveland, OH 44144
9-123.7 mi
Max S Hayes High School
2211 West 65th Street, Cleveland, OH 44102
9-121 mi
Halle
7901 Halle Avenue, Cleveland, OH 44102
PK-81 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 8005 Lake Ave

Date
Details
Price
Change
Source
7/27/2026
Sold
$405,000
1.28%
MLS
6/23/2026
Price Reduced
$399,900
-5.91%
MLS
6/16/2026
Listed
$425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Cleveland Realty Services, Brian Shapiro
Sold by Howard Hanna, Jason C Parsons

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8005 Lake Avenue, Loveland, OH 44102 (MLS# 5219364) is a Multi-Family property that was sold at $405,000 on July 27, 2026. Want to learn more about 8005 Lake Avenue? Do you have questions about finding other Multi-Family real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.