$649,000
About this home
A truly rare opportunity in the heart of Cleveland’s beloved and historic Little Italy! This 0.26-acre parcel offers an exceptional chance to own a piece of one of the city’s most vibrant and sought-after neighborhoods. Currently situated with a duplex, the existing structure provides an opportunity to renovate and utilize the property as-is, while the size and layout of the parcel create potential for the ultimate Little Italy land opportunity: 10-Unit Luxury Development Potential OR Premier Private Estate Site, subject to zoning and applicable approvals. Positioned on an expansive 11,300+ sq. ft. corner lot, this property offers unprecedented scale, high-margin flexibility, and an elite location tailored perfectly for developers, syndicators, or a private buyer looking to build a landmark custom compound steps from CWRU and UH. For the high-yield development play, the sale includes 5 site plan scenarios, density study and zoning review, and Phase I architectural designs for a 10-door luxury micro-community engineered to yield a projected $324,000–$336,000 annually based on preliminary financial modeling. The conceptual plans layout a brand-new luxury duplex and 8 additional luxury detached 1-bedroom units with highly coveted off-street parking via integrated detached garage Spaces. The unique depth and beautiful, wooded hillside topography provide stunning natural privacy, tranquil landscaping possibilities, and a sprawling multi-car owner footprint that is otherwise impossible to find within the dense historic district. Whether utilizing the existing 1,948 sq. ft. duplex for immediate rental cash flow during planning or breaking ground immediately, this rare asset is also uniquely positioned to qualify for Cleveland's lucrative 15-year residential property tax abatement program. Designs, layout details, and site plot maps are fully available in the MLS supplements. Bring your vision and explore the possibilities this remarkable Little Italy property has to offer!
Property details
- MLS
- NOWDD
- MLS #
- 5250673
- Property type
- Duplex
- Subdivision
- Walton Brothers
- Status
- Active
- Days on market
- N/A
- On market date
- October 11, 2026
- Stories
- 2
- Total bathrooms
- 2
- Garage spaces
- 3
- Parking spaces
- N/A
- Lot size
- 0.26 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 5 days ago.
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.