Contacts
eXp Commercial
Property Details
- Property Type Multi-Family
- Property Size 3,700 SF
- Units 6
- Lot Size 0.13 Acre
- Year Built 1965
- Year Renovated 2025
- Date Updated May 11, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- 6-unit multifamily asset with a strong unit mix: 3 one-bedroom / 3 two-bedroom
- Foundation moisture barrier installed at rear of building ($10,000)
- In-place NOI: approximately $43,068 annually
- New hot water heater
- New sealed roof with built-in drains (2024)
- Offered at $525,000, delivering an in-place cap rate of approximately 8.2%
- On-site parking lot
- Property Highlights:
- Recent capital improvements enhance long-term performance and reduce future CapEx:
- Tenants pay gas and electric; owner covers water/sewer, common electric, insurance, taxes, and maintenance
- Updated flooring, paint, and select appliances
- Value-add opportunity with immediate upside through leasing the vacant unit and optimizing rents, enhancing cash flow and overall return
- Well-maintained, income-producing property with immediate cash flow and value-add potential through lease-up of vacant unit and rent optimization
Getting around
-
79/100
Walk Score ®
-
40/100
Transit Score ®
-
49/100
Bike Score ®
Location
- City Cleveland, OH
- Neighborhood Lee-Miles
- Zip Code 44128
- Market Cleveland Akron
Points of Interest
-
Warrensville–Van Aken
1.70 miles
-
Coventry
2.55 miles
-
Buckeye–Woodhill
3.66 miles
-
East 79th
4.21 miles
-
East 55th
5.07 miles
-
Superior
5.28 miles
-
Rockside
5.30 miles
-
Stokes-Windermere Station
5.68 miles
-
Canal Exploration Center
5.99 miles
-
South Harbor
7.67 miles
-
Shell
0.12 miles
-
BP
0.12 miles
-
Marathon
2.01 miles
-
Sunoco
2.28 miles
-
Valero
2.35 miles
-
StarLion Express
2.49 miles
-
South-East Harley Davidson
3.29 miles
-
eVgo
8.24 miles
-
ChargePoint
8.68 miles
-
Tesla Destination Charger
8.68 miles
-
JACK Thistledown Racino Parking Garage
1.82 miles
-
Dolan East Lot
3.07 miles
-
Dolan West Lot
3.11 miles
-
Cleveland Heights Library Parking
3.15 miles
-
Carroll Expansion Lot
3.17 miles
-
Parking Cleveland Heights Library
3.20 miles
-
Grasselli Lot
3.21 miles
-
Boler Lot
3.22 miles
-
Municipal Lot 16
3.25 miles
-
Municipal Lot 17
3.29 miles
-
El Dorado
1.98 miles
-
Economy Inn & Suites
2.47 miles
-
Star's Compound
3.04 miles
-
Aloft Cleveland Beachwood
3.33 miles
-
Cleveland Marriott East
3.58 miles
-
Residence Inn
3.59 miles
-
Embassy Suites by Hilton Cleveland Beachwood
3.69 miles
-
Hotel Indigo Cleveland-Beachwood
3.72 miles
-
DoubleTree
3.72 miles
-
Clarion Hotel Beachwood-Cleveland
3.74 miles
-
Dave's
0.12 miles
-
Heinen's
1.04 miles
-
Save-A-Lot
1.41 miles
-
Miles Supermarket
1.46 miles
-
ALDI
2.31 miles
-
CAM Asia Supermarket
2.39 miles
-
Dave's Supermarket
2.71 miles
-
Shoppers World
2.91 miles
-
Forman Mills
2.97 miles
-
Big Lots
3.11 miles
eXp Commercial