Old Brooklyn Mixed-Use
For Sale
Contact for pricing
Pending
4435 State Rd, Cleveland, OH 44109
Two-unit property with strong cash flow in desirable location.
Property Size2,904 SF
Days on Market186
Property Features for 4435 State Rd
General Information
Standard status
Pending
Size
2,904 SF
Property subtype
Mixed Use, Retail
Investment Type
Owner/User
Building Details
Year Built
1900
Buildings
1
Stories
2
Units
2
Listing Agency:
KW Commercial
Listed By:
Erin Thomas · License #oh 20190005940
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Jul 24 at 6:12PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This two-unit mixed-use property is located in the Old Brooklyn neighborhood. The upper residential unit features three bedrooms, one full bath, full attic access, and new flooring throughout. It is currently leased at $950 per month through June 2026. The lower commercial unit includes a half bath and private access to the basement. It is occupied at $700 per month on a month-to-month lease. The tenant has occupied the space for approximately two years, using it for music practice and storage, and would like to remain. The property is located near MetroHealth Hospital, Cleveland Zoo, Ridge Park Square, and major commuter routes. The roof is approximately four years old, the hot water tank was replaced in 2023, and the electric was updated about two years ago. The property size is 2904 square feet. Tenants pay all utilities, including water, sewer, and trash. Owner expenses are approximately $95 per month in insurance and $260 per month in taxes. The property is currently self-managed.
Key Highlights
- Strong cash flow with tenants paying all utilities, including water, sewer, and trash.
- Current cap rate over 8 percent with a pro forma cap rate exceeding 10 percent.
- Located in the highly desirable Old Brooklyn neighborhood, near key amenities and commuter routes.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 44109, OH
39,121
Population
19,588
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
81%
High-School Grad
7.1 sq mi
ZIP Area
5,510
Density / Sq Mi
$43,130
Median Household Income
$34,050
Median Earnings
$861
Median Rent
$112,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-unit property with strong cash flow in desirable location.
Where is this mixed-use property located?
The property is located at 4435 State Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Strong cash flow with tenants paying all utilities, including water, sewer, and trash.; Current cap rate over 8 percent with a pro forma cap rate exceeding 10 percent.; Located in the highly desirable Old Brooklyn neighborhood, near key amenities and commuter routes.
