8111 Madison Avenue, Loveland, OH 44102 - Photo 1

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$399,000 Just Listed

For Sale
Active
Multi-Family
8 Total Beds
Updated 1 day ago

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Property Description

Fully renovated 4-unit investment opportunity in the growing 44102 neighborhood, delivered completely vacant and ready for immediate lease-up. Each unit features 2 bedrooms and has been fully updated with new kitchen cabinets, countertops, flooring, fresh paint, and fully remodeled bathrooms. Major capital improvements include new furnaces, new hot water tanks, updated mechanical systems, new electrical, new gas service, and new windows, meaning the heavy lifting has already been completed, and the only remaining step is placing tenants and collecting rent. CMHA market rents support approximately $1,100-$1,300 per unit, creating a projected gross income of $4,500+ per month once stabilized. Tenants pay their own gas and electric, keeping operating expenses low, with the owner responsible only for water and sewer; implementing a utility reimbursement program could further increase NOI. Conveniently located near Detroit Shoreway, Starbucks, Lakewood, and major retail corridors, this property sits in one of Cleveland's most active rental markets with strong tenant demand and long-term growth potential.

Full Property Details

Full Property Details for 8111 Madison Ave

General

Price: $399,000
Taxes: $5,592 (2024)
Status: Active
Type: Multi-Family
Source: 505
MLS ID: 5186674
Updated: 2/26/2026
Added to Site: 1 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Bedrooms

Total Bedrooms: 8

Parking

Parking Features: Other

Location

County: Cuyahoga
Township: Cleveland
Subdivision: Hardy
Driving Directions: Lorain Ave (OH-10). Turn left onto W 83rd St. Turn right onto Madison Avenue to 8111.

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: Brick
Basement: Yes
Basement Desc.: Partial
Roof: Composition, Shingle
Stories/Levels: 2
Square Feet: 6,502
Living Area: 6,502 Sq. Ft.
Finished Above Grnd: 4,372 Sq. Ft.
Finished Below Grnd: 2,130 Sq. Ft.
Year Built: 1920
Year Built Source: Public Records

Lot Features

Lot Size (Acres): 0.1147
Lot Size: .1147
Lot Size Source: Public Records

Financial Considerations

Tax Amount: $5,592
Tax Year: 2024

Disclosures and Reports

Special Conditions: Standard
Legal Description: 28 HARDYS S/L 58 ALL 0059 WP
Property ID: 006-03-032

Listed by Keller Williams Living, Erin Thomas and Keller Williams Living, Dontez Sanders

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Listing agents

— 8111 Madison Ave —

Erin Thomas

Keller Williams Living
Dontez Sanders

Keller Williams Living

Erinthomas@kwcommercial.com, 440-670-2300

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Schools

Schools serving 8111 Madison Ave

School District:Cleveland Municipal School District

Name	Grades	Distance
Marion C Seltzer Elementary School 1468 West 98th Street, Cleveland, OH 44102	PK-8	0.6 mi
Halle 7901 Halle Avenue, Cleveland, OH 44102	PK-8	0.6 mi
Max S Hayes High School 2211 West 65th Street, Cleveland, OH 44102	9-12	0.8 mi
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111	9-12	3.4 mi
Lincoln West School Of Global Studies 3202 West 30th Street, Cleveland, OH 44109	9-12	2.2 mi
John Marshall School of Business and Civic Leadership 3952 West 140th Street, Cleveland, OH 44111	9-12	3.4 mi
Rhodes Schools of Environmental Studies 5100 Biddulph Avenue, Cleveland, OH 44144	9-12	3.4 mi
Waverly Elementary School 1805 West 57th Street, Cleveland, OH 44102	PK-8	0.9 mi
Louisa May Alcott Elementary School 10308 Baltic Road, Cleveland, OH 44102	K-5	0.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8111 Madison Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/26/2026

Listed

$399,000

563.89%

MLS

2/21/2024

Sold

$60,100

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 8111 Madison Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$3,486

-38%

$33,780

-36%

2023

$5,592

16%

$52,500

61%

2022

$4,804

47%

$32,630

—

2021

$3,264

13%

$32,620

17%

2020

$2,900

$27,900

—

2019

$2,731

$27,900

—

2018

$2,663

—

$27,900

2017

$2,670

—

$26,290

—

2016

$2,671

—

$26,290

—

2015

$2,678

-14%

$26,290

-15%

2014

$3,114

$30,940

—

2013

$3,067

—

$30,940

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 8111 Madison Ave

8111 Madison Avenue, Loveland, OH 44102 (MLS# 5186674) is a Multi-Family property with units containing 8 bedrooms and 4 full bathrooms. 8111 Madison Avenue is currently listed for $399,000 and was received on February 26, 2026. Want to learn more about 8111 Madison 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.

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8111 Madison Ave Loveland, OH 44102