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Multifamily Property with Renovations
For Sale
$140,000

11201 Melba Avenue, Cleveland, OH 44104

Tenants are in place, with only minor cosmetic work remaining after substantial renovation.

Property SizeContact for details
Days on Market45

Property Features for 11201 Melba Avenue

General Information

Standard status Active
Property subtype Residential Income

Property Condition

Severity Repairs Needed
Evidence needs only minor cosmetic touch-ups

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $1,254

Building Details

Year Built 1920
Buildings 1
Listing Agency: Glasshouse Realty Group, LLC
Listed By: Brian Evans · License #2019003723
Source: Carolgoffrealestate
Added: Jul 22 Changed: Aug 31 Last Checked: Aug 31 at 5:09PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Glasshouse Realty Group, LLC

Investment Insights

Based on property information with market context.

This multifamily property was built in 1920 and has undergone substantial renovation. Occupancy is in place, while the remaining work is limited to minor cosmetic touch-ups. The property is being offered in its current condition, with the seller making no repairs.

Located at 11201 Melba Avenue in Cleveland’s 44104 neighborhood, the property is a 4-minute walk from Luke Easter Park. Public transit provides access to major employment and education destinations, including Cleveland Clinic Main Campus, University Hospitals, and Case Western Reserve University.

Key Highlights

  • Substantially renovated multifamily property with minor cosmetic work remaining
  • Tenants currently in place
  • Built in 1920

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Skin Care Clinic HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

628
Businesses Nearby

Demographics for 44104, OH

20,202
Population
9,851
Households
2.1
Avg Household Size
31
Median Age
10%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
4,298
Density / Sq Mi
$24,009
Median Household Income
$25,679
Median Earnings
$654
Median Rent
$60,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Tenants are in place, with only minor cosmetic work remaining after substantial renovation.
Where is this multifamily property located?
The property is located at 11201 Melba Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Substantially renovated multifamily property with minor cosmetic work remaining; Tenants currently in place; Built in 1920
More about this property
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