49
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$149,000
Est. payment /mo
7 Beds
3 Baths
5,850 Sqft Lot
New
5806 Fleet AVE Cleveland, OH 44105
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision C G Barkwill Trustees Sub
MLS Listing ID 5162773
Bedrooms 7
Full Baths 3
HOA Y/N No
Year Built 1905
Annual Tax Amount $3,002
Tax Year 2024
Lot Size 5,850 Sqft
Acres 0.1343
Property Sub-Type Quadruplex
Stories Three Or More
Story Three Or More
Property Description
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.
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.
Location
State OH
County Cuyahoga
Rooms
Basement Concrete
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Additional Parking, Direct Access, Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 132-12-008
Special Listing Condition Standard
Listed by Kim Lewis • Home Equity Realty Group • kim.lewis@heqrealty.com, 440-799-5638
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