$225,000
( $60.10Per Sq Foot )
 $1,497 est/mo Sourced by Back At You

4439 State Road,Cleveland, OH 44109

Cleveland, OH 44109

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Description

Value-add mixed-use opportunity offered at just $225,000 with an estimated stabilized value of approximately $360,000. This fully vacant property features four income-producing spaces, including a 4-bedroom apartment, 2-bedroom apartment, storefront, and warehouse/storage space, estimated at $3900/mo total. Beyond rental income, the property’s utility configuration presents an opportunity to implement a RUBS reimbursement program, potentially shifting all utility costs back to tenants. This creates another avenue to improve NOI without significant capital investment. Major systems anre in great shape including a newer roof (-10yr) , vinyl windows, hot water tanks (-5yr) , and a newer Trane furnace, allowing buyers to focus on stabilization rather than major mechanical replacements. The asking price projects a 12.07% cap rate or a $350,000 ARV at an 8% cap rate. Located in Cleveland’s growing Old Brooklyn neighborhood, the property benefits from strong rental demand, ongoing redevelopment along the Pearl Road corridor, and close proximity to MetroHealth Medical Center, Downtown Cleveland, I-71, I-480, Cleveland Metroparks Zoo, and the Towpath Trail. Renovated apartments in the area continue to command premium rents, making this an excellent opportunity to create equity while generating strong cash flow. Schedule your private showing today.

Details

MLS #5235469
Listing TypeFor Sale
StyleMixeduse
Sub-TypeResale
StatusActive
Year1890
Days On Site11
Listing Provided ByKeller Williams Living | Erin Thomas

Features

SQ Feet3,744
BasementY
Story(s)2
Units4
Building(s)2
ZoningCommercial
Acreage0.17

Parking

Parking FeaturesDriveway, Off Street

Taxes

Tax Annual Amount5073

Area Information

StateOH
CountyCuyahoga
CityCleveland
Zip Code44109
Community NameMary C Meades Allotment
Listing VS Median (in Mary C Meades Allotment)
Price:
$225,000
low | high
Med:
$219,950
52.244444444444% of Average
sqft:
3,744
low | high
Med:
2,772
75.961538461538% of Average
$ / sqft:
$60
low | high
Med:
$90
2% of Average
On site:
11
low | high
Med:
20
55% of Average
Sourced by Back At You

Market Activity 44109

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Additional Information

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Learn More About This Property

Anissa Treen

Anissa Treen

e-Merge Real Estate Champions

419016 (740) 398-8211anissa.treen@e-merge.com
StateOH
CountyCuyahoga
CityCleveland
Zip Code44109
Community NameMary C Meades Allotment
Listing VS Median (in Mary C Meades Allotment)
Price:
$225,000
low | high
Med:
$219,950
52.244444444444% of Average
sqft:
3,744
low | high
Med:
2,772
75.961538461538% of Average
$ / sqft:
$60
low | high
Med:
$90
2% of Average
On site:
11
low | high
Med:
20
55% of Average
Sourced by Back At You
Listing Updated: August 20, 2026 at 10:41:35 AM PDT

Anissa Treen - e-Merge Real Estate Champions Mount Vernon - e-Merge Real Estate