The median home value in Cleveland, OH is $115,000.
This is
lower than
the county median home value of $145,900.
The national median home value is $308,980.
The average price of homes sold in Cleveland, OH is $115,000.
Approximately 36% of Cleveland homes are owned,
compared to 45% rented, while
19% are vacant.
Cleveland real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Cleveland real estate agent to arrange a tour today!
Learn more about Cleveland.
Welcome to your next investment opportunity in the heart of Cleveland's historic Tremont neighborhood! This versatile commercial property presents a unique chance to capitalize on its prime location and potential for multiple income streams. Currently configured as a single apartment and a bustling hair salon, this property offers the flexibility to be transformed into three living units, each with its own separate HVAC systems already in place. The ground floor houses the salon, equipped with six styling stations, a bathroom, and a kitchen/break area. With minimal renovation, the back of the salon could easily be converted into a standalone unit featuring a bedroom, kitchen, full bathroom, and convenient washer/dryer hookups. Ascending to the second floor, you'll find a stylishly updated apartment showcasing a modern industrial aesthetic. The spacious layout includes a stunning kitchen, inviting living room, laundry room, and two bedrooms, complemented by two bathrooms. The crowning jewel awaits on the third floor, boasting a luxurious master bedroom with an en-suite bathroom featuring heated floors. The option to enclose the soffit and establish a distinct unit on this level further enhances the property's allure and value. Enjoy the luxury of three balconies offering picturesque views of downtown Cleveland, providing the perfect backdrop for relaxation and entertainment. Six parking spaces are included, enhancing accessibility for tenants. Currently, the salon commands a rental income of $2,892, while the apartment generates $3,914, with both rents increasing by a steady 3% annually. Whether you're an investor seeking multiple revenue streams or a homeowner looking to offset mortgage costs, this property presents an exceptional opportunity to capitalize on the vibrant Tremont neighborhood's ever-growing demand for residential and commercial spaces. Don't miss out on making this your next successful venture!
Location, location, location!! Take a look at this beautiful parcel of prime real estate located right in Duck Island, the heart of Tremont. This is one of the most sought after areas in all of North East Ohio. Whether you're an investor, developer, or simply someone looking to build their dream home within ten minutes of Downtown Cleveland, this should gain your interest. The skyline view is outstanding and sure to make whatever is built here, iconic. Seller is open to a creative deal. Contact for more details! ****Also note that seller will only sell with 2011 Abbey Ave, the parcel next door together**** Taxes will be paid in full at time of acquisition).
This historic landmark is home to Cleveland Rocks, the largest rock climbing facility in northeast Ohio. 2831 Franklin Blvd., located in the heart of Ohio City, is being offered at an 9% cap rate. This is based on the rock climbing business having a long term NNN lease at $22,000 per month and 2/3 of the remaining 9,000 SF being leased at $19.00 SF NNN. It has been explored to develop this space for a restaurant, yoga studio and co-working space.After a $200,000 investment to ready the 6,000 SF, the 9% cap rate is calculated as follows:($22,000 x 12 months) + (6,000 x $19.00) = ($378,000 / .09) = ($4,000,000 + $200,000)
7 unit apartment in two buildings. Recent interior modernizations and upgrades. Fully occupied with opportunityto raise rents to market rates. Newer roof on front building, All building painted and lead-safe. Upgrades includeLVT flooring, kitchen cabinets, appliances and bathrooms. Most mechanicals upgraded throughout the past few years. Huge up side on rent increases.
Great opportunity for apartment building or townhome development in Tremont. Land is vacant and cleared from previous multifamily dwelling, ready to build, all utilities available at street and zoned Local Retail Business District and Urban Form Overlay District. Spectacular downtown view. This corner lot with 0.13 acre and 125 foot depth that faces downtown allows for four or five townhomes to be built, all facing downtown. This view is guaranteed by a 60 foot height zoning and the lot sitting higher than the land across Parafine Ave. to the north. Four City parking spaces available directly across the street. Area is experiencing major residential and commercial development, including the adjacent Tremont Athletic Club and the Lincoln Apartments with retail across Willey Ave. Many new townhomes across Scranton Road have been built, some of which have sold for over $600,000. The location offers great proximity/walkability to well known restaurants, retail, art galleries, studios & night life. Easy access to Downtown, University Circle, Ohio City, Gordon Square, Duck Island and all highways.Adjacent property at 2318 Scranton Road is also available, but from a different owner.
Great west side location for auto mechanic shop (its usage since 1981), coffee shop, or any retail establishment. Excellent high traffic area in Tremont with on-site parking. 6900 sq. ft. parcel with 1182 sq. ft. retail. Exciting opportunity!