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Commercial Real Estate for Sale at 3799 E 54th Street in Cleveland, OH for $385,000

Listing data last changed 10/07/2025 - 6:08pm
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3799 E 54th Street | Cleveland

$385,000 | 0.0 Sq. Ft.

Investment Portfolio Opportunity \u2013 4-Property Package Deal\r\nOutstanding opportunity to acquire a 4-property Cleveland investment portfolio offering a balance of immediate income, strong upside, and motivated seller terms. This package includes a mix of single-family and multi-family assets, all located in proven rental submarkets with solid Section 8 and EDEN program performance.\r\nThe seller has proactively completed inspections on all four properties, providing transparency and confidence for investors. The list price already accounts for full renovation of 2221 E 76th and updates across the other three properties \u2014 positioning the portfolio to deliver 8\u201312% cap rates at both 75% and 90% of HUD FMR rent levels.\r\nProperty Highlights:\r\n3799 E 54th St, Cleveland OH 44105\r\nParcel 132-10-110 | (2) 2-Bedroom Units\r\nFully occupied at $1,350/month \u2014 above 75% market rent. Turnkey income with limited deferred maintenance.\r\n5806 Fleet Ave, Cleveland OH 44105\r\nParcel 132-12-008 | (4) Units \u2013 3BD, 2BD, 1BD \u002B Office\r\nMix-use building with residential and office space. Strong rental potential and value-add options through cosmetic and rent-rate improvements.\r\n2221-2223 E 76th St, Cleveland OH 44103\r\nParcel 118-26-068 | (1) Single-Family 4BD \u002B (1) Duplex (2 \u00D7 2BD units)\r\n2223 E 76th last occupied end of 2024 at $1,500/month (EDEN rents).\r\n2221 E 76th duplex requires full rehab \u2014 included in list price assumptions.\r\nPackage Summary:\r\n(4) Total Properties | (8\u002B) Units | Mixed Residential Use\r\nPro Forma Cap Rates 8\u201312% based on 75\u201390% FMR rents\r\n\r\nThis is a rare chance to secure a turnkey \u002B value-add hybrid portfolio in one transaction. Perfect for investors seeking immediate returns with long-term upside in stable Cleveland rental markets. MLSNow 5162695 Directions to property: Fleet Ave \u0026 E 57th

MLS Listing ID: 
MLSNow 5162695
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$385,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Other
Primary Market Area: 
Cleveland
Address: 
3799 E 54th Street, Cleveland, OH 44105
County: 
Cuyahoga
Latitude: 
41.4547350
Longitude: 
-81.6516850
Directions: 
Fleet Ave \u0026 E 57th
Public Remarks: 
Investment Portfolio Opportunity \u2013 4-Property Package Deal\r\nOutstanding opportunity to acquire a 4-property Cleveland investment portfolio offering a balance of immediate income, strong upside, and motivated seller terms. This package includes a mix of single-family and multi-family assets, all located in proven rental submarkets with solid Section 8 and EDEN program performance.\r\nThe seller has proactively completed inspections on all four properties, providing transparency and confidence for investors. The list price already accounts for full renovation of 2221 E 76th and updates across the other three properties \u2014 positioning the portfolio to deliver 8\u201312% cap rates at both 75% and 90% of HUD FMR rent levels.\r\nProperty Highlights:\r\n3799 E 54th St, Cleveland OH 44105\r\nParcel 132-10-110 | (2) 2-Bedroom Units\r\nFully occupied at $1,350/month \u2014 above 75% market rent. Turnkey income with limited deferred maintenance.\r\n5806 Fleet Ave, Cleveland OH 44105\r\nParcel 132-12-008 | (4) Units \u2013 3BD, 2BD, 1BD \u002B Office\r\nMix-use building with residential and office space. Strong rental potential and value-add options through cosmetic and rent-rate improvements.\r\n2221-2223 E 76th St, Cleveland OH 44103\r\nParcel 118-26-068 | (1) Single-Family 4BD \u002B (1) Duplex (2 \u00D7 2BD units)\r\n2223 E 76th last occupied end of 2024 at $1,500/month (EDEN rents).\r\n2221 E 76th duplex requires full rehab \u2014 included in list price assumptions.\r\nPackage Summary:\r\n(4) Total Properties | (8\u002B) Units | Mixed Residential Use\r\nPro Forma Cap Rates 8\u201312% based on 75\u201390% FMR rents\r\n\r\nThis is a rare chance to secure a turnkey \u002B value-add hybrid portfolio in one transaction. Perfect for investors seeking immediate returns with long-term upside in stable Cleveland rental markets.
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
C G Barkwill Trustees
Building Details
Details about the building on a property.
Year Built: 
1910
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.41
Lot Size (Area): 
0.41
Public Record
Parcel Number: 
132-10-110
Annual Tax: 
$5,665.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Home Equity Realty Group

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