Mixed-Use Building with
New
For Sale
$1,249,000
3240 W 98th Street, Cleveland, OH 44102
CommercialSale, Cleveland, OH
Property SizeContact for details
Lot Size0.24 Acres
Days on Market1
Property Features for 3240 W 98th Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Commercial
Rooms
Basement, Laundry Room
Parking
12
Parking features
Driveway, Parking Lot, Assigned
Security features
Security
Fencing
Fenced
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
South off Lorain Avenue headed East at corner of W 98th Street and Dennison Ave
Standard status
Active
APN
017-19-010
Lot size
0.24 Acres
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, residential
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
14 APPLEWD S/L 5 ALL 0004 ALL
Tax Annual Amount
28811
Legal Description
14 APPLEWD S/L 5 ALL 0004 ALL
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Steam, Heat Pump (Heating), Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
on-site laundry
security lighting and camera system
Building Details
Year built
1928
Floors in Building
2
Number of units
17
Roof type
Asphalt, Rubber, Fiberglass
Buildings
1
Listing Agency:
Keller Williams Citywide · Keller Williams Realty
(440) 892-2211
Listed By:
James P Matheos · License #2015001911
(440) 847-9033
Added: Nov 2
Last Checked: Nov 2 at 2:06PM
MLS# 5256518
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.
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Investment Insights
Based on property information with market context.
This 1928, two-story brick mixed-use building contains 17 units: five retail spaces and 12 apartments. The residential mix includes four two-bedroom/one-bath units, seven one-bedroom/one-bath units, and one studio/one-bath unit. A basement laundry room serves the property, and common areas have received cosmetic updates, including new paint, doors, wall finishes, and LED lighting. Heating systems include radiant, steam, hot water, and heat pump; window units provide cooling.
The property occupies a 0.24-acre site in Cleveland. Transit stops are outside the building, and bus and rail service are within walking distance. I-90 and I-71 provide regional road access. Twelve parking spaces are located at the rear, with security lighting and a camera system. Public water and sewer serve the property.
The property occupies a 0.24-acre site in Cleveland. Transit stops are outside the building, and bus and rail service are within walking distance. I-90 and I-71 provide regional road access. Twelve parking spaces are located at the rear, with security lighting and a camera system. Public water and sewer serve the property.
Key Highlights
- 17 total units, including 5 retail spaces and 12 apartments
- Residential mix: 4 two‑bedroom/one‑bath units, 7 one‑bedroom/one‑bath units, and 1 studio/one‑bath unit
- Two‑story brick building, constructed in 1928
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
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Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The two-story property combines street-level commercial space with apartments and on-site laundry.
Where is this mixed-use property located?
The property is located at 3240 W 98th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 17 total units, including 5 retail spaces and 12 apartments; Residential mix: 4 two‑bedroom/one‑bath units, 7 one‑bedroom/one‑bath units, and 1 studio/one‑bath unit; Two‑story brick building, constructed in 1928
