$230,000

About this home

OPPORTUNITY OVERVIEW Rare opportunity to acquire a character-rich, two-story brick building on Cleveland's St. Clair Avenue NE corridor — a near east side commercial and residential strip with proven short-term rental demand and active adaptive reuse momentum. The seller previously operated the building as a short-term rental generating approximately $4,000/month in gross Airbnb revenue, demonstrating real lodging demand on this corridor. One unit is currently rent-ready for immediate occupancy or STR re-activation; three units are in value-add condition, offering a buyer the opportunity to build equity through targeted finish work. With 6,002 SF across two floors plus a partial basement, this asset supports multiple exit strategies: continue as a short-term rental operation, convert to 4–6 long-term residential units, or reposition as a mixed-use ground-floor commercial / upper-floor residential property. INVESTMENT HIGHLIGHTS • Proven STR demand — seller-reported ~$4,000/month gross Airbnb income prior to vacancy • 1 rent-ready unit at closing — immediate partial income path, reduces day-one carry • 3 value-add units — finish work creates equity upside priced into ask • Multifamily conversion candidate — 6,002 SF supports 4–6 residential units • Brick construction — durable asset with character that commands a premium on the rental market • Walk Score 83 — walkable corridor with restaurants, retail, and transit within steps • Strong renter demographics — median age 29, 74.8% renter-occupied within 1 mile • No major structural issues — cosmetic and finish deferred maintenance only • Flexible use positioning — STR continuation, long-term residential, or mixed-use

Property details

MLS #

5225028

Property type

MixedUse

Subdivision

City/Cleveland

Status

Active

Days on market

N/A

On market date

July 6, 2026

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

0.0923 acres

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).