Garfield Heights Ohio Commercial Properties for Sale

Garfield Heights Ohio Commercial Properties for Sale

$879,900
5222720 MLS
100% occupied, cash flowing 12 unit complex with value-add upside! This newly updated 12 unit deal is perfect for the investor looking for solid, stable cash flow day 1, while still having easy value-add upside available through basic cosmetic updates and organic rent bumps! Currently 100% occupied, grossing $10,740 in rent per month, an investor will walk into nearly a 9.5% cap rate AS IS. Proforma, a savvy buyer will easily achieve $12,500+ per month in gross rent, with the ability to implement parking fees and on-site coin operated laundry for additional income! The unit mix is ideal - boasting (8) two bedroom units and (4) one bedroom units. (6) of the (12) total units have been totally remodeled including updated kitchens with granite countertops and new appliances, updated flooring including vinyl plank and new carpet, updated bathrooms with tiled shower surrounds and new vanities, as well as updated lighting throughout and completely refreshed common areas. In addition, there are a number of new furnaces and wall unit AC's that have been installed, as well as a new parking lot, painted and refreshed garages, two completely new roofs installed in 2025, new carpet, paint and lighting in the hallways, and new exterior entry doors, and new common how water tanks! Tenants are responsible for gas and electricity, while the owner pays water/sewer/trash and common area electricity and gas. A number of tenants are currently month to month as well, allowing a buyer to quickly start implementing their business plan.

4578 E 131st Street, Garfield Heights

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

$1,095,000
5206133 MLS
PORTFOLIO SALE — 11 single-family rentals across Cleveland and the inner-ring suburbs, offered as one transaction at $1,125,000 ($102K/door). Currently producing $135,216 in annual gross rent (10 of 11 units occupied) with significant proforma upside as below-market rents roll. The portfolio includes: 1236 E 173rd St, 1115 Villaview Rd, and 18324 Landseer Rd (44119); 16010 S Lotus Dr (44128); 4898 E 95th St, 4838 Rockwood Rd, and 10014 Parkview Ave (44125); 14202 Rexwood Ave and 4265 E 126th St (44105); 3497 Boynton Rd and 3281 Berkeley Rd (Cleveland Heights). Unit mix ranges from 2/1 to 4/3 configurations. The value-add story is straightforward: ten of eleven in-place leases sit meaningfully below market per seller's underwriting. Nearly all leases are month-to-month (AtWill), allowing a buyer to mark rents to market on a rolling schedule with standard 30-day notice. Four units are tenanted through CMHA, providing reliable government-backed rent payments with built-in rent resets at re-certification. Tenants are responsible for most utilities; recent Cleveland regulatory changes allow buyer to bill back or transfer water/sewer accounts to tenants directly. Full offering memorandum with proforma analysis and rent roll available. The single vacancy at 4265 E 126th St is positioned for a quick turn. Showings by appointment only — please do not disturb tenants.

4898 E 95th Street, Garfield Heights

Listing Courtesy of: Michael Orlando, mjorlando1994@gmail.com With Key Realty

$727,500
5147925 MLS
This 7-property, 8-unit portfolio (including one duplex) is located on Cleveland’s east side, primarily in Garfield Heights—an appreciating suburb just 15 minutes from downtown. Fully occupied and generating $9,230/month in rent with pro forma rents at $11,650/month, this portfolio offers over $30,000/year in immediate rent upside. Tenants pay all utilities except water/sewer in the duplex, and annual expenses are lean at just $16,000. Current NOI is $58,479 with pro forma NOI at $84,392, resulting in a 7.8% cap rate today and 12% pro forma. With a 1.3 DSCR and 7.24% day-one cash-on-cash return, this is an excellent candidate for long-term financing, refinance, or retail exit. All single-family homes have 3+ bedrooms, making them ideal for future resale. ARV is estimated at $1.1M based on $143K/unit comps. Recent updates include new roofs (Bancroft & Gladden), furnace and hot water tanks (Bancroft, 8113 Grand Division), flooring (E 115), and interior renovations at Linda Ln and E 115. Over 50% of past repair costs were CapEx, allowing future management to reduce expenses to 5–8%. Leases are secured through 2026–2027. Garfield Heights continues to see strong demand, with median home prices up 16% year-over-year and limited inventory. The area is supported by nearby hospitals, employers, and downtown access, making it ideal for long-term tenant retention. Full due diligence available. No showings until accepted offer. Seller has two other portfolios and two single-family properties also available: search 8213 Ivandale (Parma), 509 Lake, 1344 W 93rd, and 2036 W 99th for more.

5250 E 115th Street, Garfield Heights

Listing Courtesy of: Erin Thomas, Erinthomas@kwcommercial.com With Keller Williams Living

Selling Office: EXP Realty, LLC..

$1,100,000
5109730 MLS
Incredible Opportunity for Business Expansion! 16 Acres with 7,200 SqFt Building This expansive approx. 16-acre commercial property is the ideal location for businesses looking to grow, expand, or diversify in a highly sought-after area. Featuring a generous 7,200 sq. ft. building and over 50 parcels, this property offers boundless opportunities for development, future construction, or repurposing. With a prime location near major highways, you'll enjoy excellent visibility and convenient access, making this an exceptional investment. Key Features: Spacious Building: A 7,200 sq. ft. structure, perfect for office, warehouse, or industrial use. Multiple Parcels: Over 50 parcels spanning 16 acres, providing significant room for parking, outdoor operations, or further development. Prime Location: Close to major highway access, ensuring maximum visibility and convenience for customers and employees. Endless Potential: Ideal for large-scale businesses, distribution centers, manufacturing, or commercial ventures. Accessible and Visible: Quick access to key transportation routes with high traffic visibility. Zoning: Suitable for a variety of business types and future development. Property Highlights: Prime Highway Access: Easy access to major highways, ensuring high visibility and connectivity to surrounding areas. Expansive Land Area: 16 acres and over 50 parcels offer the flexibility to develop or customize to suit your business needs. Perfect for Growth: A combination of space, location, and versatility makes this property an ideal choice for expanding operations or relocating your business. This property is a rare opportunity to secure a premier piece of commercial real estate in an area ripe for growth. Whether you're looking to build a new headquarters, expand your operations, or make an investment that will pay dividends for years to come, this property provides the space and potential you need.

4860 Orchard Road, Garfield Heights

Listing Courtesy of: Anthony J Colantuono, anthony.colantuono@gmail.com With RE/MAX Above & Beyond

Selling Office: Howard Hanna.

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Garfield Heights Ohio Commercial Properties

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