608 E 185th, Cleveland, OH 44119
- $250,000
- List Price
- $250,000
- Status
- ACTIVE
- MLS#
- 5187357
- Year Built
- 1927
- Price Change
- ▼ $19,900 1778085897
- Region
- Euclid
- Township
- Euclid
Property Description
This 6-unit mixed-use property on East 185th Street offers a rare combination: four commercial storefronts and a residential duplex on the same lot, priced at just $45,000 per door. One commercial unit is vacant and ready for immediate lease-up, while the occupied spaces are well below market rent, creating a clear path to stabilization. The duplex units are currently leased at $575 and $625 per month, with market rents closer to $850. The commercial spaces average $700-750 against an $800 market rate. A brand-new roof was just installed on the commercial building, eliminating a major capital expense for the next owner. With proforma numbers showing a 12%+ cap rate and over 19% cash-on-cash return, this is a straightforward value-add play in a high-traffic corridor just outside Euclid.
/u.realgeeks.media/connorsellsohio/Connor_Kobilarcsik_Russell_Real_Estate_Services_Logo.png){kind=logo}
Additional Information
- Taxes
- $5,454
- Acres
- 0.16
- Sewer
- Public Sewer
- Roof
- Asphalt
- Water
- Public
- Heating
- Forced Air
- Cooling
- None
- School District
- East Cleveland CSD - 1812
Mortgage Calculator
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 MLS Now. All Rights Reserved.