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Updated 2 hours ago

5614 Drake Ave


Cleveland, OH

4 Bed
1 Bath

1,724 Sq. Ft.
4 Beds • 1 Bath
$1,514
1724 ft2
1 Available
Managed By: Cleveland Property Investment Solutions LLC
-
$1,514
Available: Ask
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Description

Welcome to this fully updated 4-bedroom, 1-bath home in Cleveland’s 44127, offering a simple, move-in-ready opportunity for both homeowners and investors. The home has been refreshed throughout with fresh paint, updated flooring, a remodeled kitchen and bathroom, and key mechanical updates, giving it a clean, comfortable feel from the moment you walk in. With four bedrooms, there’s plenty of space for everyday living, working from home, or accommodating guests.
From a rental standpoint, this property makes sense. The area continues to see steady demand for updated homes, and with a rent potential around $1,514 per month, it offers a solid opportunity for consistent income. It also aligns well with Section 8 (Housing Choice Voucher) demand, providing another path for reliable tenant placement and long-term stability.
The location adds to the appeal. 44127 offers convenient access to local restaurants, shopping, and major highways, making it easy for tenants and homeowners alike. With continued interest and gradual reinvestment happening across nearby east-side neighborhoods, this is a property that offers both immediate value and future upside.

Additional Details
Total Unit Count: 1
Last Updated: Updated 2 hours ago
Contact Number: (216) 223-9177
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 5614 Drake Ave by bedroom type below.
4 Bedroom
Suggested income:
$54,500
per year
Rent report

5614 Drake Ave Rent vs. Cleveland Average

 5614 Drake Ave      Cleveland Average
4BR
$1,514
$1,494
$0
$500
$1,000
$1,500
$2,000

5614 Drake Ave is asking 1% more than the average 4 bedroom apartment in Cleveland.

If you downsized to an average priced Cleveland 3 bedroom apartment, you would pay 1% less per month.

5614 Drake Ave provides 21% more square footage than the average Cleveland 4 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
5614 Drake Ave
4BR $1,514 $0.90 $4,542
Cleveland Average
Studio $1,267 $2.20 $3,802
1BR $1,257 $1.70 $3,770
2BR $1,507 $1.50 $4,521
3BR $1,486 $1.10 $4,457
4BR $1,494 $1.00 $4,483

Availability in Cleveland

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 646 2BR units on the market in Cleveland. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
10% 35% 39% 13% 3%
Available Units in Cleveland
Studio 160
1BR 574
2BR 646
3BR 206
4BR 51
Location
Nearby Colleges
Nearby Hospitals
Name Distance
St Vincent Charity Medical Center 2.22 mi.
Select Specialty Hospital Cleveland Gateway 2.25 mi.
Cleveland Clinic Children's Hospital For Rehab 2.4 mi.
Nearby Fire Stations
Name Distance
Newburgh Heights Fire Department 1.46 mi.
Newburgh Heights Fire Department 1.62 mi.
Cuyahoga Heights Fire Department 2.06 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
There are no units with move-in dates in the next 2 months.
What's the square footage of the available units?
It's 1,724 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
Where is this property located?
This property is at 5614 Drake Ave in Cleveland, OH. It's 2.5 miles southeast from the center of Cleveland.
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