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(440) 539-6347
Real Estate Company
5711 Clark Avenue, Cleveland, OH 44102
- $385,000
- Sold Price
- $385,000
- List Price
- $399,000
- Status
- CLOSED
- Stories
- 2
- MLS#
- 5126734
- Year Built
- 1910
- Closing Date
- Dec 22, 2025
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- Diodate Clarks
Property Description
Turnkey, 5-Unit Apartment Building! This fully occupied, this lead-certified 5-unit multifamily property delivers a strong 10.36% cap rate and consistent cash flow from day one. All units have been completely renovated, and several are subsidized or Section 8 eligible, offering reliable rent payments and smooth inspection compliance. Each unit includes assigned parking, ensuring ease of access for tenants. An unfinished attic presents the opportunity to add a 6th unit, further increasing ROI. Ideally located directly across from the newly constructed Clark School and Clark Recreation Center, this asset benefits from continued neighborhood growth and rising rental demand. A rare combination of strong current returns, low maintenance, and clear upside—perfect for investors looking to scale their portfolio with a high-performing, future-ready asset.
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Additional Information
- Taxes
- $5,254
- Acres
- 0.17
- Sewer
- Public Sewer
- Roof
- Asphalt
- Water
- Public
- Heating
- Forced Air
- Cooling
- None
- School District
- Cleveland Municipal - 1809
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Listing Courtesy of: Sabrina R Semidey, sabrina@nexstephomes.com With Realuxe Ohio
Selling Office: Realuxe Ohio.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).
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