5711 Clark Avenue, Cleveland, OH 44102
- $385,000
- Sold Price
- $385,000
- List Price
- $399,000
- Status
- CLOSED
- Days on Market
- 208
- Closing Date
- Dec 22, 2025
- MLS#
- 5126734
- Subtype
- Commercial Sale
- Year Built
- 1910
- Acres
- 0.17
- Subdivision
- Diodate Clarks
- Neighborhood
- Diodate Clarks
- MLS Area Major
- Cleveland
Property Description
Turnkey, 5-Unit Apartment Building! This fully occupied, this lead-certified 5-unit multifamily property delivers a strong 10.36% cap rate and consistent cash flow from day one. All units have been completely renovated, and several are subsidized or Section 8 eligible, offering reliable rent payments and smooth inspection compliance. Each unit includes assigned parking, ensuring ease of access for tenants. An unfinished attic presents the opportunity to add a 6th unit, further increasing ROI. Ideally located directly across from the newly constructed Clark School and Clark Recreation Center, this asset benefits from continued neighborhood growth and rising rental demand. A rare combination of strong current returns, low maintenance, and clear upside—perfect for investors looking to scale their portfolio with a high-performing, future-ready asset.
Additional Information
- Taxes
- $5,254
- Heating
- Forced Air
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt
- Foundation
- Basement
- Parking Features
- Driveway, Garage
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Sabrina R Semidey, sabrina@nexstephomes.com With Realuxe Ohio
Selling Office: Realuxe Ohio.Mortgage Calculator
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