$1,900,000
About this home
Exceptional investment opportunity in the heart of Cleveland! This mixed-use 17-unit property offers immediate cash flow with substantial upside potential. Currently generating approximately $36,000 per month ($432,000 annually) while operating at only 65% occupancy, this asset presents a rare value-add opportunity for investors looking to increase returns through lease-up, updates, and operational optimization. The property features a strong mix of residential and commercial space, including a fully operational laundromat business that is included in the sale—providing an additional, stable income stream for the next owner. With significant room to grow occupancy and rents, this property is ideally positioned for both seasoned investors and portfolio expansion. High visibility location, multiple income sources, and impressive in-place revenue make this a standout opportunity in Cleveland’s thriving investment market. Whether you are seeking long-term cash flow, appreciation potential, or a turnkey mixed-use asset with built-in upside, this property delivers on all fronts.
Property details
- MLS #
- 5201618
- Property type
- MixedUse
- Subdivision
- N/A
- Status
- Active
- Days on market
- N/A
- On market date
- May 6, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.5455 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 (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 354
- Student:teacher ratio
- 13.6:1
- District
- Noble Academy-Cleveland
- Enrollment
- 973
- Student:teacher ratio
- 13.9:1
- District
- Euclid City
- Enrollment
- 317
- Student:teacher ratio
- 13.8:1
- 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 7, 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.