Tremont Mixed-Use Investment
For Sale
$1,500,000
801 Literary Rd, Cleveland, OH 44113
Mixed-use building in Tremont with apartment and salon.
Property SizeContact for details
Lot Size0.05 Acres
Days on Market321
Property Features for 801 Literary Rd
General Information
Standard status
Active
Lot size
0.05 Acres
Taxes and HOA fees
Annual Taxes
$24,708
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
(216) 978-5632
Listed By:
TJ House
(216) 978-5632
Source:
Exprealty
Added: Oct 8, 2025
Changed: Aug 21
Last Checked: Aug 23 at 4:42AM
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 Berkshire Hathaway HomeServices Professional Realty
Investment Insights
Based on property information with market context.
This mixed-use building is located in Cleveland's Tremont neighborhood. The property is currently configured with a hair salon on the first floor and an apartment on the second floor. The existing HVAC system is split three ways, allowing for conversion into three distinct residential units. The main level salon features six stations, a bathroom, and a kitchen/lounge area. The rear of the salon can be transformed into a one-bedroom unit with a full kitchen, bath, and laundry. The upstairs loft-style apartment includes high ceilings, sleek finishes, 3 bedrooms, 3 baths, a kitchen, laundry room, and a living space. The third floor features a primary suite with heated bathroom floors and three private balconies with views of downtown Cleveland. The salon generates $2,892 per month, and the apartment brings in $3,914 per month, both with built-in 3% annual rent increases. A new business is scheduled to take over the downstairs space on January 1st, 2026. The full lot in back comes with the building.
Key Highlights
- High income potential: Currently generating $2,892/month from the salon and $3,914/month from the apartment, with 3% annual rent increases.
- Prime location in Cleveland's desirable Tremont neighborhood.
- Mixed‑use building offering flexibility for various investment strategies (multi‑stream income or house hacking).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 44113, OH
20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in Tremont with apartment and salon.
Where is this mixed-use property located?
The property is located at 801 Literary Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High income potential: Currently generating $2,892/month from the salon and $3,914/month from the apartment, with 3% annual rent increases.; Prime location in Cleveland's desirable Tremont neighborhood.; Mixed‑use building offering flexibility for various investment strategies (multi‑stream income or house hacking).
