Mixed-Use Victorian
3830 Saint Clair Avenue Ne Cleveland, OH 44114
For Sale
$625,000
Historically significant Victorian structure combining commercial and residential space in Cleveland’s St. Clair–Superior area.
Property Size4,959 SF
Price / SF$126.03
Days on Market138
Property Features for 3830 Saint Clair Avenue Ne
General Information
- Standard status
- Active
- Size
- 4,959 SF
Listing Agency:
Russell Real Estate Services
(216) 870-3210
Listed By:
Richard Farina Jr.
(216) 870-3210
Source:
Exprealty
Added: Mar 9
Changed: Jul 23
Last Checked: Jul 23 at 5:15PM
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 Russell Real Estate Services
Investment Insights
Based on property information with market context.
This for-sale property at 3830 Saint Clair Avenue NE is a historically significant, Victorian-style building constructed in 1890. The structure combines commercial and residential space within a single, substantial footprint, offering a blended configuration designed to support multiple income uses.
The building is located in Cleveland’s St. Clair–Superior district, described as being revitalized with renewed investment.
The property encompasses 4,959 square feet of usable space and is laid out to maximize income and utility by dividing the building into distinct commercial and residential components.
The building is located in Cleveland’s St. Clair–Superior district, described as being revitalized with renewed investment.
The property encompasses 4,959 square feet of usable space and is laid out to maximize income and utility by dividing the building into distinct commercial and residential components.
Key Highlights
- Historically significant Victorian‑style building originally constructed in 1890 at 3830 St. Clair Ave.
- Combines commercial and residential space within one structure.
- Total of 4,959 sq ft of usable space, divided to support income and utility.
Financial Insights For Apartment 5plus
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 | $104.1k | $21.00 |
| − Vacancy | −$4.2k | −$0.84 |
| EGI | $100.0k | $20.16 |
| − OpEx | −$45.0k | −$9.07 |
| NOI | $55.0k | $11.09 |
4,959 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$889.4K
$778.3K – $1.04M
NOI $62,260 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$785.5K
$687.3K – $916.4K
NOI $54,985 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,711 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Off Market Nearby
- Euphoria Restaurant & Oxygen Lounge — 1812 E 30th St, Cleveland, OH 44103
- BLK Punx Press — 4701 Perkins Ave #1, Cleveland, OH 44103
- Cleveland Whiskey — 1768 E 25th St, Cleveland, OH 44114
- Moe's Tavern — 1740 E 17th St, Cleveland, OH 44114
- Leather Stallion Saloon — 2205 St Clair Ave NE, Cleveland, OH 44114
FAQs
What type of property is this?
Bar & Pub - Historically significant Victorian structure combining commercial and residential space in Cleveland’s St. Clair–Superior area.
Where is this bar & pub located?
The property is located at 3830 Saint Clair Avenue Ne Cleveland, OH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Historically significant Victorian‑style building originally constructed in 1890 at 3830 St. Clair Ave.; Combines commercial and residential space within one structure.; Total of 4,959 sq ft of usable space, divided to support income and utility.
