$2,700,000
About this home
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.
Property details
- MLS #
- 5206931
- Property type
- MixedUse
- Subdivision
- Euclid Heights
- Status
- Active
- Days on market
- N/A
- On market date
- May 5, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 20
- Lot size
- 0.339 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 230
- Student:teacher ratio
- 15.3:1
- District
- Cleveland Heights-University Heights City
- Enrollment
- 581
- Student:teacher ratio
- 11.9:1
- District
- Cleveland Heights-University Heights City
- Enrollment
- 406
- Student:teacher ratio
- 14.0:1
- District
- Cleveland Municipal
Walkability
Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Cleveland, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated May 6, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.