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3185 W 58Th St Cleveland, OH 44102

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Sponsored
For Sale
$100,000

MULTI_FAMILY - Cleveland, OH

Property size:
2,290 SF
Lot size:
0.13 Acres
Days on Market:
2
Last Refresh:
Mar 11 at 11:06 pm

Property Features for 3185 W 58Th St

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Basement, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2
Bedrooms
5
Bathrooms
2
APN
016-11-001
Size
2,290 SF
Lot size
0.13 Acres

Utilities

Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public

Building Details

Year built
1915
Floors in Building
2
Building materials
WoodSiding
Roof type
Fiberglass, Asphalt

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Listing Contact
Michael L Magno
Michael L Magno

KW Living (440) 318-1620

Listing agent Michael L Magno (216) 236-8849 License #2016003542

Listing date Mar 10, 2026

MLS# 5191112 Listing URL

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Property Insight Report

Overview

Cleveland Multifamily Portfolio Opportunity

This is a rare opportunity to acquire a 10-unit multifamily portfolio. It consists 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 3 occupied units and 7 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. The 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 a portfolio during the initial marketing period, presenting an ideal opportunity for experienced investors or operators seeking a westside Cleveland value-add multifamily project. The lot size is 0.1332 acres. The property size is 2290 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Multifamily properties

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Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Cleveland
County
Cuyahoga
State
Ohio
Longitude
-81.725543
Latitude
41.467259

FAQs

What type of property is this?
Multifamily property - Ten-unit multifamily portfolio in Cleveland's westside rental corridors.
Where is this multifamily property located?
The property is located at 3185 W 58Th St Cleveland, OH.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: - 10-unit multifamily portfolio offered at $695k, providing immediate scale.; - Significant value-add opportunity through renovation and lease-up of 7 vacant units.; - Potential for $120K+ in annual gross rental income and a stabilized portfolio value approaching $950K-$1M.
More about this property
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