Located in the desirable Little Italy area, this large 5-unit apartment building offers an excellent investment opportunity on an exceptionally spacious double lot, one of the largest lots in the Little Italy area. The property features five separate apartment units, with each unit equipped with its own furnace and hot water tank, providing individual utilities and added convenience for both ownership and tenants. The building is occupied by long-term tenants, offering established rental income and a strong opportunity for an investor looking to add a well-positioned multifamily property to their portfolio.

1946 E 124th Place, Cleveland

Listing Courtesy of: Michael P Terrigno, michael_terrigno@yahoo.com With Russell Real Estate Services

$575,000

5214034 MLS

LITTLE ITALY Cash Flow Investment Property * Rare 6 Plex, Located On Private Street *All Apartments Are Remodeled Consisting Of: 10 Bedrooms In Total With 6.5 Bths * Four - 2 Bedroom And 1 Bath AND Two - 1 Bedroom And 1 Bath * All Located In A 3 Level Home On A Dead-End Street * Opportunity Knocks With This Updated 4,921 Square Foot Home * One Unit On The Main Level Is Rented As An Air B&B Which Is A Furnished 2 Bedroom And 1 Bath With Amazing Interest And Has Been Rented Month After Month * Lower Level Comes Equipped With Coin Operated Washers And Dryers, Adding Additional $100-$150 Month Profit, 2 Furnaces, 4 Hot Water Tanks, Also 1 Half Bath * Some Of The Many Updates Include: Electrical Wiring, PVC Drain Lines, Copper Plumbing, Doors And Windows, Building Totally Insulated * Walk To So Many Attractions, But Especially Little Italy's Finest Restaurants, Specialty Shops, Art District, Case Western Reserve University, Cleveland Clinic, University Hospital * Wonderful Location For Case Western Reserve Student Rentals * Owner Has Had Continuous Tenants, Never A Vacancy Since Ownership * Easy Parking On Street * Now Is Your Chance, So Jump On It And Add This To Your Portfolio * Call For Rent And Expense Sheets Provided By Seller

1978 E 126th, Cleveland

Listing Courtesy of: Angie Molitoris, AngieMolitoris@gmail.com With Century 21 Homestar

$475,000

5205197 MLS

**Great mixed-use investment opportunity on Superior Ave! This prominent three-story brick building offers a versatile combination of two street-level retail/commercial spaces and five upper-level apartments, including two 3-bedroom units and three 2-bedroom units. Current projections show potential annual gross income of $74,376, with upside to approximately $95,232 after improvements, supporting projected cash-model ROI of 10.46% to 12.42% and leveraged ROI of 11.69% to 16.67%, based on seller-provided assumptions. The property features classic architectural details, tall ceilings, large windows, neutral interiors with white trim, and decorative fireplace mantels that add character throughout. The commercial spaces offer excellent renovation potential, with exposed brick, original pressed-tin ceilings, and open layouts ideal for a variety of business uses. Bring your vision and unlock the possibilities for income, business, or redevelopment upside. Commercial spaces and basement available for viewing. Buyer to verify all income, expenses, projections, and permitted uses.**

11239 Superior Avenue, Cleveland

Listing Courtesy of: Seth B Task, clientcare@taskteamcle.com With Berkshire Hathaway HomeServices Professional Realty

$2,700,000

5206931 MLS

Positioned in the heart of Cleveland’s historic and vibrant Little Italy on Murray Hill. This exceptional investment opportunity features a rare four-property portfolio totaling 14 residential units with 28 bedrooms, along with an operational pizza shop equipped with outdoor dining space, and a unique art gallery space, with half bath. The property is supported by 20 parking spaces, an invaluable amenity in this neighborhood. The portfolio is composed of: a mixed-use building featuring the pizza shop with five 2-bedroom residential units above; an art gallery with three 2-bedroom units; a four-unit multifamily (quadraplex); and a separate duplex. This diverse unit mix provides multiple income streams and long-term upside. Located just steps from University Circle, University Hospitals, Case Western Reserve, the property benefits from strong rental demand driven by proximity to major employment hubs, cultural institutions, and the heart of Little Italy’s renowned dining and arts scene. Whether you’re seeking a stabilized, income-producing asset or a value-add/development opportunity in one of Cleveland’s most desirable neighborhoods, this is a rare chance to own a cornerstone portfolio in Little Italy.

2197 Murray Hill Road, Cleveland

Listing Courtesy of: Colin Biro, colin@circlehomegroup.com With Century 21 DeAnna Realty

$640,000

5197568 MLS

Rarely does a property this well-positioned and well-built come to market in Cleveland Heights. This all-brick eight-unit building sits directly in the heart of Coventry Village, one of Greater Cleveland's most culturally vibrant neighborhood corridors. At $725,000 (just $90,625 per door), you are acquiring a hardened asset in a submarket where tenants plant roots and stay for years. Two units are vacant and actively being marketed, and once those lease up, you're looking at a stabilized effective gross income of $117,000 annually, already accounting for 5% vacancy. The real upside is clearly defined. Six of the eight units are oversized three-bedroom, one-bath apartments with a bonus room functioning as a fourth bedroom, an extremely rare floor plan that has been chronically underrented for years. Beautiful hardwood floors run throughout, the building features a newer boiler, updated electrical, vinyl windows, and on-site laundry for additional passive income. As leases turn and rents reach market, effective gross income rises to over $135,000 annually and NOI climbs to $61,835, an 8.83% proforma cap rate on the same $725,000 basis. The two basement two-bedroom units represent a clear cosmetic value-add layer on top of that organic rent growth. Then there's the parking. Garage parking at the rear is nearly impossible to find in Coventry and functions as both a retention tool and premium driver for the tenant profile you want here. Steps from the Grog Shop, Tommy's, Pacific East, and the B-Side Lounge, and minutes from the Cleveland Museum of Art, Severance Hall, and Little Italy. Cleveland Clinic, University Hospitals, and Case Western sustain a deep pool of professional renters within a five-minute drive, the workforce renter who values walkability and secure parking stays three years, not one. At $90,625 per door on an all-brick building with a clear path to an 8.83% proforma cap rate, this is a genuinely rare opportunity. Properties like this don't sit long.

2729 Euclid Heights Boulevard, Cleveland Heights

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

Selling Office: Russell Real Estate Services.

$500,000

5179662 MLS

Court ordered sale. Attention Investors! Prime location & opportunity to renovate this incredible building. Conveniently located on public transportation, near Little Italy, CWRU, main campus of CC & UH and minutes to University Circle. In addition, it's close to some of the best restaurants in town. There are 10 - 2 BR units, 1 - 1 BR unit and 1 efficiency. Owner pays sewer, water & gas. Everything is set up for the new buyer to put in individual gas meters. Buyer to assume the POS which is approx. $250k. Much of the work has been completed. The City of Cleve. Hts will work with the buyer in establishing a much lower POS, approx. $10k, when they see the buyer's proposal for renovations - scope of work. All tenants are month to month with no leases. Units are under rented for the area. The gas company did a new line from the street to the building several years ago. This is a great opportunity for cash buyers or those with a rehab loan. Proof of funds or preapproval letter before showing will be approved. Need a minimum of 24 - 48 hours' notice to show. NO Wholesalers or assignment deals.

2744 Mayfield Road, Cleveland Heights

Listing Courtesy of: Jennifer R Woomer, jennifer.woomer@gmail.com With VSD Realty, LLC.

Selling Office: Century 21 Homestar.

$1,300,000

5122361 MLS

Welcome to Overlook Arms, a rare 20-unit multifamily investment opportunity located just steps from Little Italy, the Cleveland Clinic Main Campus, and Case Western Reserve University. This ideally positioned property offers a secluded suburban feel while being surrounded by vibrant bars, restaurants, and nightlife. With 16 one-bedroom and 4 two-bedroom units, the building is perfect for student housing or market-rate tenants seeking unbeatable convenience. Ten of the units have been fully renovated and four more lightly updated, allowing for immediate upside through increased rents. Residents enjoy a spacious common entryway, on-site coin-operated laundry, covered parking, and a flat utility reimbursement as well as cable and internet, boosting cash flow. Overlook Arms combines prime location and easy value-add potential—making it a must-see asset in one of Cleveland’s most desirable rental markets.

2215 Overlook Road, Cleveland Heights

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

Selling Office: Russell Real Estate Services.

$900,000

5123062 MLS

2545 Kenilworth Street, Cleveland Heights

Listing Courtesy of: Torry McJunkins, torry@thecityteam.com With EXP Realty, LLC.

Selling Office: Phoenix9 Realty, Inc..

$520,000

5107125 MLS

Welcome to 1909 Coltman, a fantastic multi-unit property offering a great investment opportunity. This five-unit building features a mix of renovated and occupied units, making it ideal for investors seeking rental income and long-term value. Unit 1 is a one-bedroom unit that is currently vacant and move-in ready, featuring fresh paint, luxury vinyl flooring, and an updated kitchen and bath. Unit 2 is a two-bedroom unit, recently updated with fresh paint, new countertops, new cabinets, and replacement windows. Unit 3 is occupied by a long-term tenant, providing steady rental income. Unit 4 is a fully renovated one-bedroom unit currently operating as a successful Airbnb. Unit 5 is a two-bedroom unit with a renovated kitchen and bath, ready for new occupants. It is also being operated as an Airbnb. This turnkey property is located in the desirable area of Little Italy, offering both rental stability and income potential. Whether you're looking for long-term tenants or short-term rental income, 1909 Coltman is an excellent investment. Contact us today to schedule a showing!

1909 Coltman Road, Cleveland

Listing Courtesy of: Dennis Mallett, dennismallett@kw.com With Keller Williams Greater Cleveland Northeast

Selling Office: EXP Realty, LLC..

$725,000

5095915 MLS

Charming Multi-Unit Investment Opportunity–Turtle Park Apartments. Affectionately named after the park adjacent to the building. Charm and character abound in this exceptional income-generating opportunity in the heart of Cleveland Heights! Turtle Park Apartments features 8 spacious suites—(6) 3BR/1BA and (2) 2BR/1BA units. As tenants have moved out, half of the units have been thoughtfully updated with new kitchens, baths, fresh paint, modern fixtures, appliances, and windows. With a proforma rental income of $10,250 per month, this property is primed for strong returns. Key updates include plumbing and electrical improvements, as well as a repaired and updated main sewage line. The roof and boiler are in excellent condition and are regularly serviced. Additional features include: 6 parking spaces (3 covered, 3 uncovered), motion-activated common area lighting for efficiency and safety, on-site coin laundry for additional income. Two vacant units available for viewing; all updated units are currently rented. Photos showcase one updated unit and two non-updated units—all updated units reflect the updated unit photos. Ideally located near downtown, major hospitals, universities, and all that Coventry has to offer, this is a prime opportunity for investors looking for a well-maintained, income-producing asset. Don't miss out!

2617 Euclid Heights Boulevard, Cleveland Heights

Listing Courtesy of: Robert Gallmann, Robert@ClevelandHomes.com With RE/MAX Haven Realty

Selling Office: EXP Realty, LLC..

$550,000

5097760 MLS

Prime Investment Opportunity in Cedar/Fairmount! On the market for the first time since 1983, this well-maintained, locally owned, and self-managed five-unit apartment building offers a fantastic investment opportunity. Whether you’re looking for a long-term rental property, str/mtr property or a value-add opportunity, this versatile asset fits multiple investment strategies. The property features four spacious three-bedroom units (ideal as two bedrooms plus an office) with one full bathroom each, plus a fifth garden-level one-bedroom unit. The four above-grade units are nearly identical, with a few featuring open-concept kitchens connected to the dining rooms. Each unit includes a charming sunroom at the front, a third bedroom/office with access to a rear balcony and staircase, tall ceilings, hardwood floors, and plenty of classic Cleveland Heights character. The basement level offers additional amenities, including a garden-level one-bedroom unit, shared laundry facilities, tenant storage lockers, and extra storage space. Each unit has both front and rear access, as well as access to the common basement. The property also includes a four-car garage for tenant parking. This building is heated one central boiler. Cooking gas with dedicated meters. Tenants pay their own gas and electric (basement unit electric bill is on the house)Unbeatable Location! Situated in the heart of Cedar/Fairmount, this location is truly exceptional. Walk to top-rated restaurants, and enjoy the convenience of a brand-new grocery store opening just steps away. A short drive takes you to major hospitals, museums, and downtown Cleveland, making this an ideal location for tenants seeking accessibility and convenience. Don’t miss this incredible investment opportunity! Contact your agent for the rent roll, expenses, and recent updates.

2122 Surrey Road, Cleveland Heights

Listing Courtesy of: Sam Zimmer, samzimmer@kw.com With Keller Williams Greater Metropolitan

Selling Office: Howard Hanna.

$749,919

5079366 MLS

Discover this remarkable 15 unit portfolio located in the highly sought-after Cleveland Heights neighborhood. The portfolio is made up of 2 brick apartment buildings in close proximity to one another. Enjoy seamless access to downtown Cleveland, major healthcare centers like CLE Clinic Main Campus and University Hospital Main Campus as well as educational institutions like Case Western Reserve University and Cleveland Institute of Music. The portfolio is situated just steps away from live music venues, vibrant bars, restaurants and shopping destinations. The location makes them ideal rental options for young professionals, undergrad/graduate students, medical professionals, as well as tenants looking for an affordable and convenient living option on Cleveland’s vibrant east side. Currently grossing $16,680 per month in rental income with plenty of upside, these assets are primed for a major value add opportunity! Each unit has separate electric meters, with tenants responsible for their own electric bills. The boiler & water/sewer are the responsibility of the owner. Through light cosmetic updates, potentially renting to some voucher holding tenants, and implementing additional fee structures and water savings plan, an investor is poised to create significant equity. Many units boast beautiful natural hardwood floors, adding charm and appeal. A number of units have seen cosmetic updates during current ownership including, paint, lighting, kitchen and bath updates. In general, the portfolio will benefit from additional, easy cosmetic updating on the remaining majority of units to fetch rental premiums or a buyer can opt to simplify their unit turns and rent to voucher holding tenants as a way to reduce out of pocket costs. In addition, new mechanicals, roof sealing, and other capital expenditures have been taken on by ownership in the last few years.

2625 Euclid Heights Boulevard, Cleveland Heights

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

Selling Office: Russell Real Estate Services.

$1,430,000

5070120 MLS

Seize this rare chance to acquire a meticulously maintained 22-unit building in one of Cleveland's most sought-after locations, just minutes from University Circle, Case Western and Cleveland State University. With 19 fully renovated 1-bedroom, 1-bath units (average 650 sq. ft.), this property is poised for immediate cash flow. The current average rent is $721.35 per month, but with local rental demand, pro forma rents could command $995 or more a unit. With around 24 parking spaces on the property and over night street parking available tenants and guest will have ample space to park. Investors will appreciate the impressive pro forma cap rate of 9.25%, factoring in conservative estimates for CapEx (3%), general maintenance (3%), and vacancy (9%). The projected NOI is $166,432, offering substantial upside from the current NOI of $97,746.6. This building is turn-key, offering an attractive opportunity for both seasoned investors and those looking to expand their portfolio. Additionally, the option to purchase the LLC owning the property streamlines the acquisition process.

1847 E 87th Street, Cleveland

Listing Courtesy of: Katie McNeill, katie@thekatiemcneillteam.com With Platinum Real Estate

Selling Office: Platinum Real Estate.

$820,000

5050612 MLS

Introducing a 7-unit brick building investment opportunity nestled in the coveted heart of Coventry in Cleveland Heights – a rare gem in an ideal, prime location. Boasting proximity to educational institutions like Case Western Reserve (4-minute drive) and Notre Dame College (11-minute drive), and John Carroll University (12-minute drive), as well as quick access to major healthcare centers – a mere 8-minute drive to Cleveland Clinic Main Campus and 6-minute drive to University Hospital Main Campus. Not to mention, the property is situated just steps away from live music venues, vibrant bars, delectable restaurants, and eclectic shopping destinations. This 7-unit is strategically positioned for success no matter which way you look! Fully occupied, this property currently generates $9,990 per month, with a proforma potential of $11,050 per month. The extremely large units feature beautiful hardwood floors throughout, spacious kitchens with peninsula islands, and the convenience of in-suite laundry—an amenity highly sought after by tenants. Some units have already been updated with refinished hardwood floors, modern paint, and upgraded bathrooms and kitchens. To achieve the proforma numbers, all a new owner needs to do are some cosmetic upgrades to one unit and raise the rents on lease renewals for the remaining units. Each unit has separate electric meters, with tenants responsible for their own electric bills, while the boiler and water/sewer is paid by the owner. Additionally, the property includes five garage spaces, providing secure and convenient parking for tenants. Take advantage of this opportunity to invest in one of Cleveland's most dynamic neighborhoods, with immediate income and additional upside potential!

2549 Kenilworth Road, Cleveland Heights

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

Selling Office: Non-Member.

$158,000

5043176 MLS

Welcome to a rare & exceptional redevelopment opportunity situated less than a mile from the renowned Cleveland Clinic main campus! This vacant property comes with fully developed plans for an interior renovation, transforming the current 6-unit structure into 12 modern units. The comprehensive architectural design drawings outline the creation of (3) 1-bedroom units and (9) 2-bedroom units, making this a prime investment in a rapidly gentrifying neighborhood. With projected rents catering specifically to the influx of medical professionals from the Cleveland Clinic, this property has potential for substantial returns. Inquire today for further details and seize this unique chance to invest in a high-demand area.

1579 E 86th Street, Cleveland

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

Selling Office: HomeSmart Real Estate Momentum LLC.

$40,000

5022590 MLS

Three Lots available with two buildings, including a former auto repair garage, as well as an 800 square-foot storage/warehouse building. Great location, just west of MLK Boulevard with a great deal of development going on around. Use the existing structures or redevelop the land!

9120 Superior Avenue, Cleveland

Listing Courtesy of: Seth B Task, clientcare@taskhomes.com With Berkshire Hathaway HomeServices Professional Realty

Selling Office: Berkshire Hathaway HomeServices Professional Realty.

$800,000

4472439 MLS

Extremely rare opportunity to own TWO neighboring, income producing fourplexes in the heart of Little Italy! This 8 unit portfolio is ideal for an investor to gain instant scale with 8 apartments in one of the most desirable and growing neighborhoods of Cleveland. The properties are currently grossing $7,285 at 100% occupancy as of 9/1. A savvy investor can easily increase rents as leases come due, or complete strategic cosmetic renovations on the interiors of the units to fetch top dollar rents in the area and have this portfolio grossing $9,000 per month in the future. The two buildings share a driveway as well as parking in the back, allowing for management efficiencies due to proximity. Both properties are beautifully built, brick construction & contain various floor plans including a studio apartment, one bedroom units and two bedroom units (see rent roll for full breakdown). There are two covered garage spots as well as room for additional cars in the lot. Garage also has additional covered storage space. Parking income can easily be increased as off street parking in the area is in high demand. Both properties have had all windows replaced with vinyl, solid mechanicals and roofs with significant life left in them as well as other capital improvements including appliance replacements and unit updates. 1949 contains coin-op laundry for use by tenants (laundry cost also has never been increased & can be).

1947-1949 Coltman, Cleveland

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

Selling Office: Berkshire Hathaway HomeServices Professional Realty.

$98,000

4466624 MLS

Located in the up and coming Fairfax Neighborhood just down the street from the Cleveland Clinic and the Karamu Performing Arts Theatre. This is a great opportunity to own 2 brick structures. This property is being sold as is and will require complete restoration.

2288 E 89th Street, Cleveland

Listing Courtesy of: Bob Zimmer, rzimmer@kw.com With Keller Williams Greater Metropolitan

Selling Office: Keller Williams Elevate.

$860,000

4505096 MLS

2092 Murray Hill Road, Cleveland

Listing Courtesy of: Non-Member Non-Member, With Non-Member

Selling Office: Platinum Real Estate.

44106 Ohio Commercial Properties for Sale

44106 Ohio Commercial Properties