44118 Ohio Commercial Properties for Sale

5201607 MLS

This is a portfolio built for the investor who understands that the best deals are bought, not found. Ten single-family homes across three of the strongest inner-ring east-side suburbs, priced as a package at $1,740,000 against an aggregate individual-unit comp value of $2.3M to $2.4M. That is roughly $560,000 of instant equity sitting on the closing table, plus the optionality to piece the portfolio off one house at a time as leases turn. Entry and location are the play. Cash flow is the bonus. The portfolio is 7 homes in Cleveland Heights, 1 in University Heights, and 2 in Richmond Heights, all 3BR/1.5BA or 4BR/1.5BA. Most have been renovated and are occupied by long-term tenants, with 8 of 10 on leases running through mid-2026 into 2027 and 2 on month-to-month. Current gross rent is $183,300 annually after recent increases, against market rent of $218,700. That is roughly 19% organic upside as leases roll, with zero vacancy today. Location is what makes this portfolio different from a scattered-site buy. Cleveland Heights gives you Cedar-Lee, Coventry, and a school district that trades to owner-occupants at full retail. University Heights sits on the John Carroll and Cedar Center corridor. Richmond Heights benefits from Town Square redevelopment and I-271 access. These are retail-grade zip codes, which is the entire reason the sell-off strategy works. You are not trying to wholesale out of rough areas. You are unwinding into a market that actively bids for your product. The numbers: $1,740,000 ask / $174,000 per door / 6.9% current cap / 7.8% proforma cap / $119,544 current NOI / $135,743 proforma NOI / 100% occupancy / $183,300 in-place gross rent / $218,700 market rent. Point of sale has been ordered. Inspections are scheduled over the next week. Please note: No Seller Financing available.

3589 Cedarbrook Road, Cleveland Heights

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

$181,250

5170816 MLS

Entrepreurs ALERT! Expand your Business Enjoy your Profits$$$ in one of the Most Booming Business Areas in Northeast Ohio! Mayfield Road is a gateway to the Growing Cleveland Heights Community and provides easy access to University Circle which features Case Western University,'University Hospital,Cleveland Clinic,Little Italy, Cleveland Clinic, Art Musuem and More! This Solid Spacious Retail Commerical Building is in the perfect location to experience and enjoy the growing retail opportunities in Cleveland Heights. The Building is close to the active Coventry Street and only minutes close to the booming Lee Road area and more! Building has attractive store front with 2 double spaces which can allow you to expand your business or consider 2 different businesses at one location. Building has a huge storage area,bath facilities for each side and plenty of space for customers and your opportunity to Grow your Business, Create your Dream and Enjoy your Profits$$$. Now is the Time to turn your Enterpreneurial Creativity into Cash!

2903 Mayfield Road, Cleveland Heights

Listing Courtesy of: Jennifer Thompkins-Valentine, jenvalentine1@msn.com With There's No Place Like Home

Selling Office: There's No Place Like Home.

$1,100,000

225038851 MLS

Brick twenty three multi-family located in East Cleveland. 90% occupied. Sold in 90 days!

14036 Superior Road 38 Unit 38, Cleveland

Listing Courtesy of : NON MEMBER ---- NON MEMBER OFFICE

Selling Office: Howard Hanna Real Estate Svcs.

$1,100,000

5111928 MLS

Premier Investment Opportunity – High-Yield Mixed-Use Asset in Coventry Village! An exceptionally rare chance to acquire a high-performing, cash-flowing mixed-use property at the prime intersection of Coventry and Mayfield Rd. This iconic building is located in the heart of Coventry Village, a vibrant destination surrounded by popular restaurants, bars, and entertainment. This property offers multiple income streams, consisting of six fully occupied, updated apartments, two commercial spaces, and two storefronts. The large commercial storefront is currently occupied by Pacific East, a renowned Japanese restaurant that has just signed a 10-year lease extension, providing long-term stability for investors. The residential units have been thoughtfully upgraded with refinished hardwood floors, fresh paint, modernized kitchens and bathrooms, in-unit laundry, central air, and individual furnaces and water tanks. Additionally, vinyl windows and separate utility meters further enhance the property’s efficiency. Residents also benefit from ample on-site parking—an invaluable asset in this highly sought-after neighborhood. From a financial perspective, this property delivers immediate, strong returns with a 9% cap rate and double-digit cash-on-cash returns from day one. The two vacant storefronts offer additional value-add potential, allowing for further income growth once tenants are secured. This is a rare opportunity to acquire a cornerstone asset in Coventry Village—an established, high-demand location that offers immediate cash flow and long-term appreciation potential. Don’t miss out on this exceptional investment.

2800 Mayfield Road, Cleveland Heights

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

Selling Office: Russell Real Estate Services.

$485,000

5104968 MLS

Incredible opportunity to purchase a newly rehabbed and turnkey 11 (potentially 12!) unit apartment building in one of Cleveland's hottest east side suburbs! Located right in Coventry Village, this property's proximity to schools, entertainment and employment is second to none. Just seconds walk to all the entertainment Coventry Village has to offer and minutes drive to Little Italy, Cedar Hill, Case Western Reserve, University Hospitals and Cleveland Clinic, this property is positioned for long term stability, consistently high occupancy, rent growth. The owner has refreshed nearly every unit at the property. In addition, owner ship has painted the common areas, rebuilt exterior stairways, and installed all new vinyl windows. Professional management that is extremely familiar with the building and area, are already in place. Current management would like to stay on and offer a seamless transition for a new owner. Currently 10 units are leased (grossing about $7,300 per month), with the one vacancy nearly rent ready. In addition, there is a potential 12th unit currently used for storage that a buyer can convert for additional income! Proforma, this property has the potential for over $75,000 annually in NOI. At a 7% cap rate, that's a proforma value of over $1M! Tenants are responsible for their own electric and gas, the owner is responsible for water/sewer, gas for the boiler heat, common electric and trash.

1690 Eddington Road, Cleveland Heights

Listing Courtesy of: Michael Orlando, mjorlando1994@gmail.com With Key Realty

Selling Office: Keller Williams Citywide.

$1,558,000

5095310 MLS

This 19-unit brick building in Cleveland Heights offers an excellent investment opportunity, featuring 16 one-bedroom units and 3 two-bedroom units in a fully secured building. Recent upgrades make this property turn-key and ready for new ownership. The building boasts a brand new boiler with a 10-year warranty, secondary heat sources installed in each unit, updated main and unit electrical panels. Additional revenue comes from a secure detached parking garage and a coin-operated laundry facility, adding to its appeal. A new intercom system enhances tenant safety, and the property is point of sale compliant, requiring no further work before transfer. With many units updated and significant capital improvements already completed, this building provides a low-maintenance, high-potential investment in a desirable Cleveland Heights location. Ideal for investors looking to expand their portfolio and add value with increasing rents up to market. This property is positioned for strong returns and consistent cash flow. Don’t miss this opportunity!

3214 Berkshire Road, Cleveland Heights

Listing Courtesy of: Charles Lewis, charles.lewis@heqrealty.com With Home Equity Realty Group

Selling Office: Home Equity Realty Group.

$1,750,000

5084892 MLS

Fantastic opportunity! Welcome to this all-brick building featuring 35 Apartments! 23 units offer 1 bedroom and 1 bath and 12 units offer 2 bedrooms and 1 bath! This building and property are well maintained. The current manager may be willing to stay after the title transfer. This turn-key building is currently fully occupied and offers immediate returns with the potential to increase rents in the future. This is a great opportunity for investors. As you view this building, you'll love its beautiful architecture and exemplary charm!

1581-1589 Coventry Road, East Cleveland

Listing Courtesy of: Joseph A Zingales, josephzingales@gmail.com With Berkshire Hathaway HomeServices Professional Realty

$1,175,000

5084893 MLS

Fantastic opportunity! Welcome to this all-brick building featuring 21 Apartments! All of the units offer 2 bedrooms and 1 bath! The owner Pays for Heat, Sewer, and Water. Tenants Pay for Cooking Gas and electricity. This building and property are well maintained. The current manager may be willing to stay after the title transfer. This turn-key building is currently fully occupied and offers immediate returns with the potential to increase rents in the future. This is a great opportunity for investors. As you view this building, you'll love its beautiful architecture and exemplary charm!

1608 Coventry Road, East Cleveland

Listing Courtesy of: Joseph A Zingales, josephzingales@gmail.com With Berkshire Hathaway HomeServices Professional Realty

$1,700,000

5077004 MLS

For sale is a 12 property portfolio grossing $253,776 in rent and 12 of 12 properties are fully occupied! All properties will be point of sale compliant when sold to the new owner. Please contact the listing agent for financials and questions. See below list of properties and rent amount; 1290 Forest Hills Blvd. Cleveland Heights-$2453/month 1135 Quilliams Rd. Cleveland Heights-$1800/month 1148 Oxford Rd. Cleveland Heights- $1100/month 1195 Piermont Rd. South Euclid- $1500/month 3977 Suffolk Rd. South Euclid- $1500/month 1378 Brookline Rd. South Euclid- $1700/month 1877 Maywood Rd. South Euclid- $1800/month 1439 Clearview Rd. Lyndhurst-$1800/month 3987 Lancaster Rd. South Euclid-$1900/month 3832 Eastway Rd. South Euclid-$2100/month, 4202 Bayard Rd. South Euclid-$1800/month, 142 S. Green Rd. South Euclid-$1695/month.

1290 Forest Hills Boulevard, Cleveland Heights

Listing Courtesy of: Jesse R Kracht, jessek.cst@gmail.com With Russell Real Estate Services

Selling Office: Russell Real Estate Services.

$470,000

5072412 MLS

ATTENTION Investors or those wanting to break into Real Estate Investment with a BANG! For Sale: 12-Unit Cash Flowing, Brick Apartment Building! Don’t miss this incredible opportunity to own a well-maintained 13-unit apartment building with close to 70% occupancy! This solid brick property has most of units recently renovated, which has allowed for higher rental rates and increased cash flow. The mix of updated units and long-term tenants offers both stability and growth potential for you as the new owner. Rent roll and expense reports will be provided with an accepted offer, making it easy to see your potential returns. Seize this chance to invest in a property that's already producing income, with plenty of room to add value and maximize profitability. Contact us today for more details!

1933 Lee Road, Cleveland

Listing Courtesy of: Seth L Young, realtor@youngohio.com With Century 21 Premiere Properties, Inc.

Selling Office: Century 21 Premiere Properties, Inc..

$1,133,000

5062752 MLS

11 property package deal. Tenant occupied single family properties, professional property management in place.

2075 Revere Road, Cleveland

Listing Courtesy of: Michael Azzam, mike@theazzamgroup.com With RE/MAX Haven Realty

Selling Office: RE/MAX Haven Realty.

$630,000

5017120 MLS

Introducing an 8-unit brick building investment opportunity nestled in the coveted heart of University Heights – a rare gem in an ideal, prime location. Boasting proximity to educational institutions like John Carroll University (2-minute drive) and Notre Dame College (5-minute drive), as well as quick access to major healthcare centers – a 15-minute drive to Cleveland Clinic Main Campus and a 13-minute drive to University Hospital Main Campus. This property is strategically positioned for success no matter which way you look! The building features (4) 2-bed / 1-bath units with a proforma rent of $1,200/month each and (4) 1-bed / 1-bath units with a proforma rent of $1,000/month each. Notably, 5 out of the 8 units have already been updated with new paint, vinyl flooring, and some kitchen and bathroom enhancements. Convenience is key, with on-site coin-operated laundry and 8 covered garage spots (currently not being charged for) – with potential conservative estimates of $50/unit/month for parking. Each unit is equipped with individual furnaces and hot water tanks, placing utility costs on tenants for electric and gas. The owner's responsibilities include water/sewer and snow removal. Unlock the investment's upside by increasing rents to market rates or targeting the student and medical professional rental markets, possibly through room-sharing arrangements. Don't miss this exceptional opportunity to invest in a well-located property with immediate income potential and room for future growth. See offering memorandum for additional details.

2295 Warrensville Center Road, University Heights

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

Selling Office: Russell Real Estate Services.

$475,000

4495980 MLS

7 cash flowing units on Clevelands Eastside bringing in over 6800 per month! This brick building is located up the hill near some of Cleveland Heights hottest neighborhoods such as Coventry village, Severance center and University Circle and just a 10 min drive to Cleveland Clinic Main Campus- making it a primo location for tenants. Consists of 4-HUGE and rare 3 bedroom units, 2- 2 bed units and a studio in the lowest level. Each unit has its own furnace, better quality cabinets, granite countertops and vinyl windows. This property is primarily occupied by CMHA tenants which provides the owner guaranteed cash flow. You'll find newer HWT's, new PEX plumbing and coin op laundry in the basement. There is 1st position seller financing available for qualified buyers. Terms based on downpayment and buyers experience. Watch our 3D tour to virtually walk a 3 bed unit. Due diligence packet and OM available.

14120 Superior Road, East Cleveland

Listing Courtesy of: Gregory Erlanger, Info@EZSalesTeam.com With Keller Williams Citywide

Selling Office: Keller Williams Greater Metropolitan.

$370,000

4502126 MLS

Location, location..... Solid, well maintained brick building. Near John Carroll University, shopping, and public transportation. Five one bedroom units, all are occupied. Easy to rent , priced well below currant market. 4 units rent for $770.00 per month each. Lower level unit for $600.00 Each unit has a garage space.

4016 Silsby Road, University Heights

Listing Courtesy of: Judy A Stropki, jastropki@gmail.com With RE/MAX Traditions

Selling Office: Keller Williams Citywide.

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44118 Ohio Commercial Properties

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