7301 Harvard Ave Cleveland, OH 44105
Property details
About 7301 Harvard Ave
Discover an exceptional investment at 7301 Harvard Ave, Cleveland, OH 44105, featuring a quadplex plus single-family home perfect for both seasoned investors seeking to bolster their portfolio with a high cash-flowing property and new investors looking to break into the market with a turnkey asset. Boasting 5, fully occupied income-producing units, this property generates $4,000 in gross monthly income ($48,000 annually), delivering robust cash flow and outstanding returns. With average monthly expenses of $1,400 (excluding mortgage), it yields a Net Operating Income of $31,200, equating to an impressive 10.5% cap rate and nearly a 20% cash-on-cash return. Located in a revitalizing Cleveland neighborhood with strong rental demand, this property benefits from proximity to public transit, amenities, and a healthcare-driven economy. Nearly all units have been updated within the last three years, featuring a solid brick structure and aluminum siding for easy maintenance and minimal compliance costs. The 5-unit configuration diversifies income, reduces vacancy risk. This low-maintenance, high-performing property promises immediate cash flow, long-term appreciation, and value-add potential through rent optimization or minor upgrades. Don’t miss this opportunity to own a turnkey gem in one of Ohio’s top real estate markets. Contact us today because this one won't stick around long.
Highlights
Summary
- Full Bathrooms: 5
- Basement: Yes
- Total Bedroom Count: 11
- Attached Garage: No
- Private Pool: No
- Parking: Common, Driveway
- Heating: Forced Air
- Cooling: None
- List Price: $295,000
- Price/SqFt: $115
- Annual Tax Amount: $3,846
- Tax Year: 2023
- Directions: at corner of E71st and Harvard Blvd.
- Year Built: 1900
- Stories: 2
- Living Area: 2,552 SqFt
- Lot Size: 0.1274 Acres
- MLS Number: 5117330
- MLS Name: NOWDD
- Office Name: VSD Realty, LLC.
- Office Email: victor@vsdrealty.com
- Listing Agent: John Currid
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 10:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$295,000
7301 Harvard Ave
$3,503
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 21, 2023 | Home Sold | $161,000 |
| Jul 10, 2019 | Home Sold | $110,000 |
| Mar 04, 2019 | Home Sold | $38,000 |
| Mar 01, 2019 | Home Sold | $30,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $38,510 | $3,846 |
| 2022 | $38,510 | $3,840 |
| 2021 | $38,500 | $3,852 |
| 2020 | $23,490 | $2,441 |
| 2019 | $23,490 | $2,298 |
| 2018 | $23,490 | $2,241 |
| 2017 | $16,180 | $1,643 |
History based on county public records data.
Nearby schools
5
Constellation Schools: Eastside Arts Academy
Public Charter KG-6
0.3 mi
•6700 Lansing Ave
8
Cuyahoga Hts Elementary School
Public District PK-5
1.6 mi
•4880 E 71st St
2
Smart Academy
Public Charter KG-4
2.5 mi
•4351 E 131st St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,750. Typical income of Cleveland, OH residents is less than $<35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Ross Dress For Less
H&M
Where do the neighbors go to eat?
White Castle
Jack In The Box
Popeyes
What do the neighbors drive?
Kia
Nissan
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
This home is located at 7301 Harvard Ave in Cleveland, OH and zip code 44105 in the Broadway-Slavic village neighborhood. This 2,552 square foot home, which was built in 1900, sits on a 0.13 acre lot. Features: 11 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 24, 2025 and is currently priced at $295,000.
While more than 280 listings in Cleveland, OH in April 2025 were sold above asking price, there were more than 97 listings sold at asking price, and more than 308 were sold below. The number of listings in Cleveland, OH increased by 5.1% between March and April 2025. In April 2025 median list price was $172,191 and the average listing age was 39 days.