4 Beds
4 Baths
2,785 sqft
$309,000
5007 Clark Avenue, Cleveland OH, 44102
Price per sqft$110.95
Built in1910
Property size2,785 sqft
Property typeMulti-family
Overview
Active
Listed Oct 21, 2026
Updated 4 days ago
This mixed-use building is an excellent investment opportunity! This fully occupied, income-producing mixed-use property features 2 commercial storefronts & 2 residential apartments, generating $3,600/mo in gross rental income! Both storefronts are leased to the same company, operating a barbershop & retail store, for a combined $1,100/mo. With estimated market rents of $800–$900 per storefront, investors have potential to increase future income! Each residential unit offers 2 bedrooms, 1 full bathroom, a spacious living room, functional kitchen & adjoining dining area. Both apartments have stable tenants paying $1,250/mo each, providing immediate cash flow. Extensive renovations include newer windows, updated flooring, fresh paint, appliances, new washers & dryers, newer furnaces & hot water tanks, upgraded electrical panels & service, new sewer lines & a roof approximately one year old! The basement provides additional storage & potential value-add opportunities. A privacy fence separates tenants’ backyard spaces, plus 4 rear parking spaces provide convenient off-street parking. With dependable occupancy, multiple income streams & major improvements already completed, this property offers a compelling blend of current cash flow & future upside. Separate residential & commercial spaces offer flexibility for long-term leasing strategies, adding to this property’s investment appeal. Conveniently located on Cleveland’s West Side near I-90, I-71 & I-490, MetroHealth Main Campus, public transportation, schools, shops, parks, restaurants & everyday amenities. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Don’t miss the chance to expand your portfolio with this renovated, fully occupied mixed-use investment! Schedule your showing! No wholesalers. No Seller financing. No low ball offers.
$2,056/mo
Est. mortgage payment based on a $309,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5254812
Interior Features
- Bedrooms
- 4
- Bathrooms
- 4
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.11 Acres
Other Property Details
- Taxes
- $3,472
- Tax Frequency
- Annually
- Municipality
- Cleveland
Courtesy of RE/MAX Haven Realty
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