1148 Prospect Avenue E, Cleveland, OH 44115
SINGLE_FAMILY - Cleveland, OH
- Added:
- Jul 3, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 3 at 4:06 pm
Property Features for 1148 Prospect Avenue E
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- APN
- 101-37-305
- Lot size
- 26.70 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- UNIT E VOL 162 PGS 43-45 26.7AC OL 150 JOSHUA E. HALL CONDOMINIUM 2009S/R
- Tax Annual Amount
- 9166
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1889
Listing agent Bob Zimmer License #404374 (216) 406-5729
Listing office Keller Williams Greater Metropolitan 29225 Chagrin Boulevard #105, Cleveland, OH (216) 839-5500
Listing date Jul 3, 2026
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.
HighLights
- Approximately 2,790 SF street‑level commercial condo with main level ~1,800 SF plus ~990 SF lower level
- 100 SF display window along Prospect Avenue for street‑facing visibility
- ADA‑accessible first‑floor layout with overhead loading door at ground level
- Two HVAC systems (heat pump and gas‑fired) plus central air; forced air heating
- Condo fees $475/month include building insurance, water, and exterior common‑area maintenance
- Public water and public sewer; includes one restroom and kitchenette with refrigerator
Overview
The property is located at 1148 Prospect Avenue E in downtown Cleveland, with nearby access to Rocket Arena, Progressive Field, Playhouse Square, and East 4th Street. The unit’s display window faces Prospect Avenue, providing street-level presence for day-to-day operations.
For owner-occupants or tenant users seeking a downtown footprint with adaptable interior space, Unit E provides both public-facing and back-of-house flexibility. The condo structure and listed monthly condominium fee include building insurance, water, exterior lighting, common area maintenance, exterior window washing, and exterior building maintenance, allowing occupants to focus on day-to-day use rather than routine building upkeep.
Local Financial Insights For Office B
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 | $63.3k | $22.68 |
| − Vacancy | −$12.7k | −$4.54 |
| EGI | $50.6k | $18.14 |
| − OpEx | −$12.7k | −$4.54 |
| NOI | $38.0k | $13.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.682534
- Latitude
- 41.49923
