Home ›

Commercial Real Estate for Sale at 1862 E 81st Street in Cleveland, OH for $640,000

Listing data last changed 10/24/2025 - 11:08pm
Javascript is required to view this map.
Tools

1862 E 81st Street | Cleveland

$640,000 | 0.0 Sq. Ft.

1862 E 81st Street presents a 10-unit multifamily investment opportunity in Cleveland, Ohio, located within an Opportunity Zone corridor just minutes from Downtown Cleveland, University Circle, and Cleveland Clinic\u2019s Main Campus. The property totals approximately 9,336 square feet across 0.16 acres, offering a balanced mix of renovated units and ongoing value-add potential.\r\n\r\nThis voucher-eligible, 90% occupied asset delivers consistent income with annual rent of $76,681, complemented by recent upgrades including new exterior porches, lead-safe certification through 2027, and interior renovations throughout. One unit is currently under renovation, offering immediate upside upon lease-up.\r\n\r\nLocation Highlights\r\nStrategically positioned near Cleveland\u2019s primary employment and educational hubs, the property is 5 minutes from Cleveland Clinic, 6 minutes from Case Western Reserve University, and 9 minutes from Downtown Cleveland. Tenants benefit from excellent connectivity to I-90, RTA transit lines, and the Opportunity Corridor, ensuring easy access across Greater Cleveland.\r\n\r\nResidents enjoy proximity to cultural anchors like Wade Oval, Cleveland Botanical Garden, and the Cultural Gardens, with neighborhood revitalization underway through public and private reinvestment.\r\n\r\nMarket Drivers\r\n$3.5B Cleveland Waterfront Redevelopment \u2013 transforming downtown into a live-work-play destination.\r\n$600M Sherwin-Williams HQ \u0026 R\u0026D Campus \u2013 3,500\u002B jobs in Cleveland\u2019s core.\r\n$650M Cleveland State University expansion \u2013 boosting student housing and research growth.\r\n$300M\u002B Cleveland Clinic Innovation District \u2013 driving regional healthcare employment.\r\n$50M\u002B Fairfax Meijer \u002B Housing Project \u2013 new mixed-use development strengthening the Innovation District. MLSNow 5167331 Directions to property: Chester Rd to E 81st.

MLS Listing ID: 
MLSNow 5167331
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$640,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland
Address: 
1862 E 81st Street, Cleveland, OH 44103
County: 
Cuyahoga
Latitude: 
41.5075226
Longitude: 
-81.6322898
Directions: 
Chester Rd to E 81st.
Public Remarks: 
1862 E 81st Street presents a 10-unit multifamily investment opportunity in Cleveland, Ohio, located within an Opportunity Zone corridor just minutes from Downtown Cleveland, University Circle, and Cleveland Clinic\u2019s Main Campus. The property totals approximately 9,336 square feet across 0.16 acres, offering a balanced mix of renovated units and ongoing value-add potential.\r\n\r\nThis voucher-eligible, 90% occupied asset delivers consistent income with annual rent of $76,681, complemented by recent upgrades including new exterior porches, lead-safe certification through 2027, and interior renovations throughout. One unit is currently under renovation, offering immediate upside upon lease-up.\r\n\r\nLocation Highlights\r\nStrategically positioned near Cleveland\u2019s primary employment and educational hubs, the property is 5 minutes from Cleveland Clinic, 6 minutes from Case Western Reserve University, and 9 minutes from Downtown Cleveland. Tenants benefit from excellent connectivity to I-90, RTA transit lines, and the Opportunity Corridor, ensuring easy access across Greater Cleveland.\r\n\r\nResidents enjoy proximity to cultural anchors like Wade Oval, Cleveland Botanical Garden, and the Cultural Gardens, with neighborhood revitalization underway through public and private reinvestment.\r\n\r\nMarket Drivers\r\n$3.5B Cleveland Waterfront Redevelopment \u2013 transforming downtown into a live-work-play destination.\r\n$600M Sherwin-Williams HQ \u0026 R\u0026D Campus \u2013 3,500\u002B jobs in Cleveland\u2019s core.\r\n$650M Cleveland State University expansion \u2013 boosting student housing and research growth.\r\n$300M\u002B Cleveland Clinic Innovation District \u2013 driving regional healthcare employment.\r\n$50M\u002B Fairfax Meijer \u002B Housing Project \u2013 new mixed-use development strengthening the Innovation District.
Community Information
School District: 
Cleveland Municipal - 1809
Building Details
Details about the building on a property.
Year Built: 
1900
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: 
Hot Water,Steam
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.16
Lot Size (Area): 
0.16
Lot Features
Parking Type: 
On Street
Fence: 
Chain Link
Public Record
Parcel Number: 
119-01-030
Annual Tax: 
$20,232.58
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed,Negotiab
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Citify

Request More Information