3185 W 58th Street, Cleveland, OH 44102
Local realty services provided by:ERA Real Solutions Realty
Listed by: michael l magno
Office: keller williams living
MLS#:5191112
Source:OH_NORMLS
Price summary
- Price:$100,000
- Price per sq. ft.:$43.67
About this home
Rare opportunity to acquire a 10-unit multifamily portfolio consisting of five duplexes located within minutes of each other across Cleveland’s westside rental corridors including Clark-Fulton, Stockyards, and West Boulevard. This portfolio offers investors the chance to acquire scale and execute a clear value-add stabilization strategy. The properties are currently in transition with 4 occupied units and 6 units vacant or in turnover, creating an opportunity for experienced investors to renovate, lease-up, and increase rents across the portfolio. The unit mix consists of 2- and 3-bedroom units, with market rents in the surrounding areas supporting approximately $1,000–$1,200 per unit once renovated and stabilized. Estimated renovation scope across the portfolio is approximately $120,000, including one heavier project requiring mechanical replacement and exterior improvements, along with several lighter unit turns. Once stabilized, the portfolio has the potential to generate $120K+ in annual gross rental income, with projected portfolio value approaching $950K–$1M. The property will be sold as the a portfolio during the initial marketing period. Ideal opportunity for experienced investors or operators seeking a westside Cleveland value-add multifamily project.
Detailed rent projections and property information available upon request. See MLS 5191112 & 5191117 & 5191122 & 5191124 & 5191126. Tenant occupied units will only be shown once an offer has been accepted. EMAIL for any additional questions. $695k for the entire package. NO SELLER FINANCING....
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Home facts
- Year built:1915
- Listing ID #:5191112
- Added:10 day(s) ago
- Updated:March 20, 2026 at 12:48 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:11
- Basement:Yes
- Basement Description:Partial
- Living area:2,290 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1915
- Building area:2,290 sq. ft.
- Lot area:0.13 Acres
- Construction Materials:Wood Siding
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$100,000
- Price per sq. ft.:$43.67
- Tax amount:$2,393 (2024)
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