$148,000

5806 Fleet Avenue, Cleveland, OH 44105

  • 7 beds |
  • 3 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1905
  • Property Lot Size Icon5,850sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Seller is open to all reasonable offers - Located in the heart of the Fleet Avenue corridor, 5806 Fleet Ave presents a unique mixed-use investment opportunity with a combination of residential and commercial space in a high-demand rental area. The property features (4) total units — including a 3-bedroom, 2-bedroom, 1-bedroom, and an office unit — offering flexible income potential and diverse tenant appeal. Positioned along a well-traveled retail strip, the property benefits from strong visibility, easy access to public transit, and proximity to neighborhood employers and amenities. With both residential and commercial rental demand remaining strong, this asset provides an excellent balance of cash flow stability and value-add upside through light renovation and rent optimization. This property is being sold as part of a 4-property Cleveland investment package, which includes a mix of fully occupied and value-add assets. The seller has completed inspections on all four properties, and the list price reflects renovation costs across the portfolio — offering investors projected cap rates between 8–12% based on 75–90% of HUD Fair Market Rents. Property Highlights: (4) Total Units – 3BD, 2BD, 1BD, and Office Space Mixed-Use Setup – Residential + Commercial Potential Located in the Active Fleet Ave Retail Corridor Value-Add Opportunity – Cosmetic & Rent Upside Part of a 4-Property Package Deal | 8–12% Pro Forma Cap Range Seller-Motivated | Inspections Completed on All Properties Perfect for investors seeking a diversified, income-generating asset with built-in upside and inclusion in a performing multi-property Cleveland portfolio.

Listing Status:
Active
Listing Office:
Home Equity Realty Group : 330-952-2244
Listing Agent:
Kim Lewis : 440-799-5638
MLS ID:
5162773
  • Basement: Concrete
  • A/C: None
  • Heating: Forced Air
  • Parking: Additional ParkingDirect AccessDriveway
  • Roofing: AsphaltFiberglass
  • General: UnknownThree Or More
  • Originating MLS: NOWDD_NORM
  • School District: Cleveland Municipal - 1809
  • County: Cuyahoga
  • Zoning: 313 BARKWILL TR 0018 WP132-12-008
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Kim Lewis, Home Equity Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Mound School

5935 Ackley Rd, Cleveland, OH, 44105

Grades PK-8

0.48 miles away

M

Mound School

5935 Ackley Rd, Cleveland, OH, 44105

Grades PK-8

0.48 miles away

J

John Adams College and Career Academy

3817 Martin Luther King Jr Dr, Cleveland, OH, 44105

Grades 9-12

2.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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