Commercial Real Estate for Sale at 2883 E 114th Street in Cleveland, OH for $2,250,000

Listing data last changed 10/23/2025
Javascript is required to view this map.
Printable Map
Tools

2883 E 114th Street | Cleveland

$2,250,000 | 0.0 Sq. Ft.

Extremely rare opportunity to acquire a fully cash-flowing, stabilized 39-unit portfolio across 13 properties in the Cleveland market. Located in strong submarkets known for steady demand and appreciation.\r\n\r\nCurrently ~90% occupied, with four units in lease-up to subsidized tenants\u2014expected to be fully leased by closing. Includes 26 Section 8 tenants providing reliable, government-backed income.\r\n\r\nAll gas/electric paid by tenants; owner covers only water/sewer. Professional management in place for seamless transition.\r\nOnce fully occupied, projected 10%\u002B CAP, with upside to 13%\u002B CAP / 20%\u002B cash-on-cash through rent alignment.\r\n\r\nTurnkey Cleveland portfolio delivering immediate income and long-term growth. MLSNow 5165403

Directions to property: Various locations in Cleveland

MLS Listing ID: 
MLSNow 5165403
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$2,250,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Other
Primary Market Area: 
Cleveland
Address: 
2883 E 114th Street, Cleveland, OH 44104
County: 
Cuyahoga
Latitude: 
41.4804850
Longitude: 
-81.6053070
Directions: 
Various locations in Cleveland
Public Remarks: 
Extremely rare opportunity to acquire a fully cash-flowing, stabilized 39-unit portfolio across 13 properties in the Cleveland market. Located in strong submarkets known for steady demand and appreciation.\r\n\r\nCurrently ~90% occupied, with four units in lease-up to subsidized tenants\u2014expected to be fully leased by closing. Includes 26 Section 8 tenants providing reliable, government-backed income.\r\n\r\nAll gas/electric paid by tenants; owner covers only water/sewer. Professional management in place for seamless transition.\r\nOnce fully occupied, projected 10%\u002B CAP, with upside to 13%\u002B CAP / 20%\u002B cash-on-cash through rent alignment.\r\n\r\nTurnkey Cleveland portfolio delivering immediate income and long-term growth.
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
Harvey Rice Jr S Sub
Building Details
Details about the building on a property.
Year Built: 
1926
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
1.55
Lot Size (Area): 
1.55
Public Record
Parcel Number: 
128-29-006
Annual Tax: 
$22,640.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Tal Tamir
Listing Office Name: 
Russell Real Estate Services

Request More Information