4479 State Rd, Cleveland, OH 44109-4784
This exceptional investment opportunity in Cleveland, OH, presents two buildings on a 0.16-acre lot, totaling 3,193 square feet. The property comprises a duplex and a separate retail storefront, offering diverse income streams. The duplex provides two residential units, while the freestanding building offers a prime retail space, ideal for a variety of businesses. The combined potential gross monthly rent for all three units is estimated at $2,900, presenting a strong return on investment. Located at 4479 State Road, this property benefits from its convenient location within Cleveland. The buildings are well-maintained and ready for immediate occupancy, providing a turnkey investment opportunity for savvy investors seeking a diversified portfolio. The property's size and layout offer flexibility for future expansion or redevelopment, allowing for further potential income growth. This is a rare chance to acquire a multi-unit property with established rental income in a thriving Cleveland neighborhood. The strong rental potential and diverse income streams make this an attractive investment for both seasoned and new investors. Serious inquiries are encouraged to explore this promising opportunity. The asking price is $179,900.
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
LR · 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.