1530 19th St Cleveland, OH 44114-2103
This 5,200 square foot mixed-use building at 1530 E 19th St, Cleveland, OH 44114, is offered at $899,000. Built in 1928, the single building sits on a 0.23-acre lot and presents a unique investment opportunity. Previously configured as student housing, the property offers adaptable space suitable for a variety of commercial applications, including apartments, dormitories, or office space. The layout includes private suites, a shared kitchen and lounge area, catering to diverse needs. Security features include cameras and key fob access, enhancing safety and peace of mind. The property also boasts 16 private parking spaces within a fenced lot, a significant advantage in a bustling urban setting. Its prime downtown location near the Cleveland State University campus ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a thriving environment. The flexibility of the space allows for customization to suit various commercial ventures, presenting a compelling opportunity for entrepreneurs and investors alike. This property offers a blend of historical charm and modern functionality, making it a truly unique investment opportunity in the heart of Cleveland.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SI · Cleveland, OHCleveland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.