Two-Story Retail and Apartment
436 Cleveland Street Elyria, OH 44035
For Sale
$199,900
SINGLE_FAMILY - Elyria, OH
Property Size1,600 SF
Lot Size0.26 Acres
Price / SF$124.94
Days on Market814
Property Features for 436 Cleveland Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Rooms
- Basement
- Parking
- 8
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 06-25-018-106-022
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4792
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1907
- Floors in Building
- 2
- Roof type
- Asphalt
Listing Agency:
Northern Ohio Realty
(440) 366-0099
Listed By:
Kenneth Keiffer · License #311666
(440) 355-5922
Added: May 2, 2024
Changed: Jun 11
Last Checked: Jul 24 at 5:06PM
MLS# 5035370
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story mixed-use building offers almost 1,600 square feet of retail or office space on the first floor, along with a large enclosed porch. The second floor features a 1,400-square-foot apartment with two bedrooms and two full baths. The property includes a two-car attached garage, a full basement, and its own private parking lot.
Located at 436 Cleveland Street in Elyria, OH, the building is described as a high-traffic location with easy access to highways.
For owner-occupants and investors seeking income from a combined live/work or multi-use layout, the configuration supports storefront or office use below with residential space above. The listing also notes that the property has been well cared for, with most mechanical systems up to date.
Located at 436 Cleveland Street in Elyria, OH, the building is described as a high-traffic location with easy access to highways.
For owner-occupants and investors seeking income from a combined live/work or multi-use layout, the configuration supports storefront or office use below with residential space above. The listing also notes that the property has been well cared for, with most mechanical systems up to date.
Key Highlights
- Almost 1,600 SqFt of retail/office space on the first floor plus a large enclosed porch
- Second‑floor 1,400 SqFt apartment with 2 bedrooms and 2 full baths
- Two‑car attached garage, full basement, and a private parking lot
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $18.00 |
| − Vacancy | −$2.3k | −$1.44 |
| EGI | $26.5k | $16.56 |
| − OpEx | −$9.9k | −$6.21 |
| NOI | $16.6k | $10.35 |
1,600 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$236.6K
$207.0K – $276.0K
NOI $16,560 @ 7.0% cap · market cap 8.28%
Second Best
Retail
$229.9K
$201.2K – $268.2K
NOI $16,094 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$403.2K
$352.8K – $470.4K
NOI $28,224 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fundak's Art Corner
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Mixed-use property - First-floor retail/office with enclosed porch plus a 2-bedroom, 2-bath apartment above.
Where is this mixed-use property located?
The property is located at 436 Cleveland Street Elyria, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Almost 1,600 SqFt of retail/office space on the first floor plus a large enclosed porch; Second‑floor 1,400 SqFt apartment with 2 bedrooms and 2 full baths; Two‑car attached garage, full basement, and a private parking lot
