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7413 Decker Ave
Cleveland, OH 44103 Hough

$499,000 USD

Apartments For Sale  •  6,650 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,650 SF
  • Lot Size 1 AC
  • Building Class C
  • Year Built 1910
  • Zoning 2F
30 Transit Score
70 Walk Score

Highlights

11.78% Cap Rate: Priced at $499,000 with a current Net Operating Income of $58,761 and instant equity from two Spring 2026 appraisals ($500k/$515k)
Fully renovated in 2025 to new-construction standards with all-new plumbing, electrical, HVAC, and interior finishes
The property is 80% occupied, with 3 of the 4 active tenants backed by government-funded Section 8 vouchers for reliable monthly income.
Situated just 1.25 miles from the Cleveland Clinic Main Campus, 2 miles from University Circle, and 3 miles from Downtown.
Separate, tenant-paid gas and electric utilities; owner is only responsible for trash, water, and sewer services.
Seller Financing Available: Flexible interim purchase terms offered with 50% down, 6.0% interest (6.0% APR), and a 12-month balloon payment.

Amenities

  • Cable Ready
  • Fenced Lot
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Washer/Dryer Hookup
  • Trash Pickup - Curbside
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Basement
  • Vinyl Flooring
  • Public Transportation
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 12 min - 4.4 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 29 min - 17.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Matthew King 440-552-5858 Green Bridge Real Estate
Matthew King 440-552-5858 Green Bridge Real Estate