Commercial Real Estate for Sale at 4203 Denison Avenue in Cleveland, OH for $750,000

4203 Denison Avenue | Cleveland

Excellent opportunity to acquire a 100% occupied 12-unit apartment building on Cleveland\u2019s West Side. Denison Manor features a balanced unit mix of six 1-bedroom and six 2-bedroom apartments, an established tenant base, and strong historical occupancy. Several residents have called the property home for years, including tenants dating back to 2016, providing an incoming owner with immediate and established rental income. Current rents range from $610\u2013$825 per month, with total scheduled rent of $8,655 per month / $103,860 annualized.\r\n\r\nThe property offers an attractive combination of stability and future upside. Existing newer leases demonstrate higher achievable rents within the building, creating an opportunity for continued rent growth as below-market leases naturally renew. Tenants are responsible for separately metered electricity, while the owner currently pays gas, water and sewer.\r\n\r\nDenison Manor has also benefited from continued building maintenance. A professional commercial boiler preventative-maintenance inspection was completed in August 2026, with the contractor reporting the burners, visible heat exchanger, flue venting, and supply/return piping in good condition.\r\n\r\nOffered at $750,000, Denison Manor presents an opportunity for investors seeking a stabilized Cleveland multifamily asset with current cash flow, long-term tenants, 100% occupancy, and identifiable rent-growth potential. MLSNow 5243975 Directions to property: I71 to Fulton ave. South on Fulton to Denison. East on Denison until west 42nd st. Apartment is on corner.