1862 81St St Cleveland, OH 44103
This exceptional investment opportunity presents a ten-unit apartment building situated at 1862 E 81st Street in Cleveland, Ohio, 44103. The property boasts a 0.16-acre lot and is conveniently located just north of Chester Avenue, offering easy access to downtown Cleveland and the renowned Cleveland Clinic. Currently, nine out of ten units are occupied, resulting in a robust 90% occupancy rate and a stable income stream. This makes it an attractive proposition for investors seeking a proven, cash-flowing asset. The building is classified as Special Purpose, Land and is categorized as Commercial, Other. The asking price for this multifamily property is $640,000. Its prime location near major medical facilities and the city center ensures consistent demand for rental units. This is a rare chance to acquire a well-maintained, high-occupancy apartment building in a thriving Cleveland neighborhood. The property's strong performance and strategic location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged to explore this lucrative opportunity further.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.