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    5801 Franklin Blvd Cleveland, OH 44102

    For Sale
    $629,000

    MULTI_FAMILY - Cleveland, OH

    Property size:
    5,000 SF
    Lot size:
    0.14 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 13 at 9:06 pm

    Property Features for 5801 Franklin Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 6, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 9, Bedroom 8, Bedroom 5
    Bedrooms
    9
    Bathrooms
    4
    APN
    002-30-023
    Parking features
    Parking Lot, Driveway
    Appliances
    Range, Refrigerator
    Size
    5,000 SF
    Lot size
    0.14 Acres

    Utilities

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

    Building Details

    Year built
    1910
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Flat

    JAMM Real Estate Co. (440) 838-1111 [email protected]

    Listing agent Michael L Anter (216) 409-2888 License #2013004435

    Listing date Dec 2, 2025

    MLS# 5170954 Listing URL

    Copyright © 2025 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.

    Overview

    Cleveland Multifamily Investment Opportunity

    This multifamily property presents an investment opportunity in the Detroit-Shoreway neighborhood. The property consists of four brick attached townhomes located two blocks from Gordon Square. The units are currently fully occupied, generating a gross monthly income of $5,425, with potential for increased rents. The property includes three 2-bedroom units and one 3-bedroom unit, all featuring identical layouts. Each unit includes hardwood floors, oak woodwork, decorative fireplaces, built-ins, updated kitchens, baths, and mechanical systems. Each unit also has its own full basement with laundry and storage. Tenants are responsible for their own gas and electric utilities. Parking is available for four cars in a surface lot located behind the building. The property is situated minutes from local shops, dining, and parks. The lot size is 0.1379 acres, and the property size is 5,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.72667
    Latitude
    41.482633

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    FAQs

    What type of property is this?
    Apartment building - Four attached townhomes near Gordon Square, fully occupied, investment opportunity.
    Where is this apartment building located?
    The property is located at 5801 Franklin Blvd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $629,000.
    What are key features of this property?
    This property features: - High income-generating investment property grossing $5,425/month with potential for increased rents.; - Four fully occupied brick townhomes in the desirable Detroit-Shoreway neighborhood, near Gordon Square.; - Each unit features **updated kitchens, baths, and mechanical systems**, along with hardwood floors and oak woodwork.
    (216) 409-2888
    Request Owner's contact information
    5801 Franklin Blvd Cleveland, OH 44102
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    Cleveland, OH 44102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5801 Franklin Blvd Cleveland, OH 44102
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