Investor opportunity in Cleveland with current rental income in place. Zoned single-family, but set up with 2 separate units and has been used that way for years. Both units are occupied by long-term tenants who would like to stay, offering immediate gross rent of $1,283 per month. Down unit includes 2 bedrooms and 1 full bath; up unit includes 1 bedroom and 1 full bath. Nearly 1,700 sq ft with a full unfinished basement, forced-air gas heat, driveway and rear parking area. The property is located just west of E. 116th with nearby access to shopping, parks, playgrounds, public transportation, and major roadways. Listed at an over 15% CAP rate based on current gross rent and list price. Public records identify the property as a single-family residence; current 2-unit setup is disclosed for buyer due diligence regarding permitted use, zoning, and rental compliance. Seller will consider all offers but prefers cash.

Based on information submitted to MLS Now as of May 16, 2026 4:59 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 11116 Lardet Avenue

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Jesse Allison Team

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Property Details of 11116 Lardet Avenue

Property Details

Basic Information

Building

Location

Interior Features

Bedrooms

Bathrooms

Basement

Laundry

Utilities and Appliances

Utilities and Appliances

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Jesse Allison Team