801 Literary Road, Cleveland, OH 44113

$1,500,000

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List Price
$1,500,000
Status
ACTIVE
Stories
2
MLS#
5162994
Year Built
1913
Region
Cleveland
Township
Cleveland

Property Description

This is more than just a property, it's your next big move in Cleveland's iconic Tremont neighborhood. Located in the heart of all the action, this dynamic mixed-use building is primed for serious return on investment. Currently split into a trendy second floor apartment and a fully operating hair salon on the first, this space is ready to flex. With existing HVAC already split three ways, converting into three distinct residential units is a breeze. The salon on the main level is dialed in with six stations, a bathroom, and its own kitchen/lounge area. Want to maximize cash flow? With just a few tweaks, the rear of the salon can transform into a stylish one bedroom unit with a full kitchen, bath, and laundry. Upstairs, you'll find a gorgeous loft style apartment oozing with modern industrial vibes. Think high ceilings, sleek finishes, 3 bedrooms, 3 baths, a killer kitchen, laundry room, and a chill living space, it's the perfect blend of function and style. And it gets even better on the third floor, a luxurious primary suite with heated bathroom floors and jaw dropping views of downtown Cleveland from not one, not two, but three private balconies. Full lot in back comes with building. The numbers don't lie: the salon pulls in $2,892/month, and the apartment brings $3,914/month, both with built-in 3% annual rent increases. Whether you're a savvy investor looking for multi stream income or a house hacker aiming to live stylishly while your property helps pay for itself, this is your chance to get into Tremont while it's hot. Don't sleep on this, opportunities like this don't come around often. New Business taking over downstairs on January 1st, 2026 - more information in Private Remarks

Additional Information

Taxes
$24,708
Acres
0.05
Sewer
Public Sewer
Roof
Asphalt, Shingle
Water
Public
Heating
Forced Air, Fireplace(s)
Cooling
Central Air
School District
Cleveland Municipal - 1809

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Listing Courtesy of: TJ House, Tjhousecle@gmail.com With Berkshire Hathaway HomeServices Professional Realty

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