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    4479 State Rd Cleveland, OH 44109

    For Sale
    $179,900

    High-yield duplex & retail property.

    Property size:
    3,193 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity in Cleveland, OH, presents two buildings on a 0.16-acre lot, totaling 3,193 square feet. The property comprises a duplex and a separate retail storefront, offering diverse income streams. The duplex provides two residential units, while the freestanding building offers a prime retail space, ideal for a variety of businesses. The combined potential gross monthly rent for all three units is estimated at $2,900, presenting a strong return on investment. Located at 4479 State Road, this property benefits from its convenient location within Cleveland. The buildings are well-maintained and ready for immediate occupancy, providing a turnkey investment opportunity for savvy investors seeking a diversified portfolio. The property's size and layout offer flexibility for future expansion or redevelopment, allowing for further potential income growth. This is a rare chance to acquire a multi-unit property with established rental income in a thriving Cleveland neighborhood. The strong rental potential and diverse income streams make this an attractive investment for both seasoned and new investors. Serious inquiries are encouraged to explore this promising opportunity. The asking price is $179,900.

    Property Features for 4479 State Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,193 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1910
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -81.70666
    Latitude
    41.43232

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield duplex & retail property.
    Where is this mixed-use property located?
    The property is located at 4479 State Rd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $179,900.
    (440) 382-1252
    Request Owner's contact information
    4479 State Rd Cleveland, OH 44109
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    Cleveland, OH 44109
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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
    4479 State Rd Cleveland, OH 44109
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