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Multifamily Property with Shared Living Areas
For Sale
$75,000

987 E 78th St, Cleveland, OH 44103

Currently configured with rented bedrooms and shared common areas near local amenities.

Property Size1,792 SF
Price / SF$41.85
Days on Market304

Property Features for 987 E 78th St

General Information

Standard status Active
Size 1,792 SF
Property subtype Residential Income

Additional Details

Gross Income $36,000

Taxes and HOA fees

Annual Taxes $1,509
Listing Agency: Vincent Patrick Realty
Listed By: Lauren Patrick · License #2019004431
Source: Exprealty
Added: Nov 5, 2025 Changed: Aug 31 Last Checked: Aug 31 at 6:37PM

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 Vincent Patrick Realty

Investment Insights

Based on property information with market context.

This 1,792-square-foot multifamily property is currently arranged with six rented bedrooms and shared access to common living areas. The existing configuration supports room-by-room occupancy and a weekly rental structure, providing an established operating setup for a new owner.

Located at 987 E 78th St in Cleveland, Ohio, the property is positioned near local amenities. Buyers should complete independent due diligence concerning zoning, permitted use, and any proposed modifications.

Key Highlights

  • 1,792‑square‑foot multifamily property
  • Six rented bedrooms in the current configuration
  • Shared access to common living areas

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Electrical Service Parking Lot & Garage Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

348
Businesses Nearby

Demographics for 44103, OH

14,469
Population
9,479
Households
1.5
Avg Household Size
43
Median Age
12%
College-Educated
78%
High-School Grad
4.1 sq mi
ZIP Area
3,529
Density / Sq Mi
$24,219
Median Household Income
$27,495
Median Earnings
$720
Median Rent
$57,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Currently configured with rented bedrooms and shared common areas near local amenities.
Where is this multifamily property located?
The property is located at 987 E 78th St Cleveland, OH.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: 1,792‑square‑foot multifamily property; Six rented bedrooms in the current configuration; Shared access to common living areas
More about this property
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