Pearl Road Portfolio

For Sale

4432 & 4438 Pearl Road, Cleveland, OH 44109

This Cleveland property for sale is located at 4432 & 4438 Pearl Road. The current listed sale price for Pearl Road Portfolio is $570,000. Pearl Road Portfolio is situated on a lot that is 0.4 acre in size.

Contacts

Kas Filippova

eXp Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 1,824 SF
  • Units 4
  • Lot Size 0.4 Acre
  • Year Built 1900
  • Date Updated May 27, 2026
Located along Pearl Road in the Brooklyn Centre / Old Brooklyn neighborhood, providing direct access to Downtown Cleveland, MetroHealth Medical Center, and key regional highways with strong walkable retail and transit amenities.4432 & 4438 Pearl Road are offered together as a portfolio — a great opportunity to acquire two fully renovated income properties in one turnkey transaction. 4432 is a stunning 5-bedroom, 2-bathroom single-family home — completely updated with new flooring, cabinets, bathrooms, electrical, plumbing, and HVAC throughout. Tenant pays all utilities. 4438 is a fully renovated 3-unit multifamily (3BD/1BA, 2BD/1BA, 2BD/1BA) with a new furnace (2025), brand new flat roof, and all underground plumbing redone. All 4 units are occupied with a professional property management company in place — just sit back and collect. Both properties are LEAD certified. Bonus: the basement at 4438 is framed, plumbed, and permit-ready for 1–2 additional units. Parking parcel between the two properties conveys with the sale. Appliances at 4438 convey; appliances at 4432 belong to the tenant. Strong cash flow from day one at an 8.06% current cap rate, with a clear path to 10.01% at market rents.
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Highlights

  • $45,910 current NOI | $57,070 pro forma NOI — $11,160/year in upside with zero capital required
  • 4432 Pearl: tenant pays all utilities (water, gas, electric, sewer, internet) — landlord covers landscaping only
  • 4438 Pearl: tenants pay flat $75/month utility fee — landlord covers water, sewer, electric, gas, and landscaping
  • 8.06% current cap rate on $570,000 asking price — rising to 10.01% at pro forma market rents
  • All 4 units occupied — immediate cash flow from day one, zero lease-up risk
  • Appliances at 4438 convey with the sale
  • Basement at 4438 is framed, plumbed underground, and permit-ready for 1–2 additional units
  • Both properties completely renovated — new roof, plumbing, electrical, HVAC, kitchens, and baths across all units
  • Both properties LEAD certified
  • New furnace at 4438 installed 2025 | New flat roof at 4438 completely replaced
  • Parking parcel between the two properties included in the sale
  • Portfolio of two fully renovated income properties offered together as a single transaction — 4432 (SFR) and 4438 (3-unit multifamily)
  • Professional property management company in place — fully turnkey acquisition

Getting around

  • 80/100

    Walk Score ®

  • 36/100

    Transit Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Cleveland, OH
  • Neighborhood Old Brooklyn
  • Zip Code 44109
  • Market Cleveland Akron

Points of Interest

  • Big Creek & Memphis Railway

    2.44 miles

  • West Boulevard–Cudell

    3.81 miles

  • Settlers Landing

    4.28 miles

  • East 55th

    4.36 miles

  • West Park

    4.52 miles

  • Cleveland Amtrak

    4.95 miles

  • East 9th–North Coast

    5.02 miles

  • Rockside

    5.07 miles

  • East 79th

    5.10 miles

  • South Harbor

    5.26 miles

  • Sunoco

    0.09 miles

  • Valero

    0.60 miles

  • Speedway

    0.61 miles

  • Marathon

    0.81 miles

  • BP

    1.14 miles

  • Pearl Denison Shell

    1.21 miles

  • Tesla Supercharger

    4.65 miles

  • View Garage

    1.92 miles

  • Toomey

    2.03 miles

  • KeyBank Parking Garage

    3.09 miles

  • St. Ignatius Parking

    3.30 miles

  • West Side Market Parking

    3.52 miles

  • Merwin's Wharf Parking Lot

    3.81 miles

  • Cudell Station Parking

    3.85 miles

  • Collection Auto Group Centre

    4.44 miles

  • Triskett RTA Parking

    4.45 miles

  • Gateway East

    4.47 miles

  • Parma Hotel

    2.14 miles

  • Extended Stay America - Cleveland - Brooklyn

    2.54 miles

  • Hampton Inn Cleveland Airport-Tiedeman Rd

    2.58 miles

  • Fairfield Inn & Suites Cleveland Tiedeman Road

    2.81 miles

  • J. Palen House

    3.48 miles

  • Stone Gables Inn

    3.55 miles

  • Courtyard Cleveland Independence

    3.70 miles

  • Residence Inn

    3.72 miles

  • Hampton Inn & Suites

    3.77 miles

  • Embassy Suites

    4.00 miles

  • Save-A-Lot

    0.79 miles

  • 787 Market

    1.02 miles

  • Giant Eagle

    1.03 miles

  • Athens Imported Foods

    1.36 miles

  • TJ Maxx

    1.53 miles

  • Ross

    1.56 miles

  • Marc's

    1.71 miles

  • ALDI

    1.80 miles

  • Sugarland Food Mart

    1.84 miles

  • Target

    1.96 miles

Contact Listing Broker
Kas Filippova

eXp Commercial

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