Commercial Real Estate for Sale at 2197 Murray Hill Road in Cleveland, OH for $2,700,000

Listing data last changed 5/6/2026
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2197 Murray Hill Road | Cleveland

$2,700,000 | 0.0 Sq. Ft.

Positioned in the heart of Cleveland\u2019s historic and vibrant Little Italy on Murray Hill. This exceptional investment opportunity features a rare four-property portfolio totaling 14 residential units with 28 bedrooms, along with an operational pizza shop equipped with outdoor dining space, and a unique art gallery space, with half bath. The property is supported by 20 parking spaces, an invaluable amenity in this neighborhood. The portfolio is composed of: a mixed-use building featuring the pizza shop with five 2-bedroom residential units above; an art gallery with three 2-bedroom units; a four-unit multifamily (quadraplex); and a separate duplex. This diverse unit mix provides multiple income streams and long-term upside. Located just steps from University Circle, University Hospitals, Case Western Reserve, the property benefits from strong rental demand driven by proximity to major employment hubs, cultural institutions, and the heart of Little Italy\u2019s renowned dining and arts scene. Whether you\u2019re seeking a stabilized, income-producing asset or a value-add/development opportunity in one of Cleveland\u2019s most desirable neighborhoods, this is a rare chance to own a cornerstone portfolio in Little Italy. MLSNow 5206931

Directions to property: South Off Mayfield Rd.

MLS Listing ID: 
MLSNow 5206931
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: 
$2,700,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Mixed Use
Primary Market Area: 
Cleveland
Address: 
2197 Murray Hill Road, Cleveland, OH 44106
County: 
Cuyahoga
Latitude: 
41.5035570
Longitude: 
-81.6004950
Directions: 
South Off Mayfield Rd.
Public Remarks: 
Positioned in the heart of Cleveland\u2019s historic and vibrant Little Italy on Murray Hill. This exceptional investment opportunity features a rare four-property portfolio totaling 14 residential units with 28 bedrooms, along with an operational pizza shop equipped with outdoor dining space, and a unique art gallery space, with half bath. The property is supported by 20 parking spaces, an invaluable amenity in this neighborhood. The portfolio is composed of: a mixed-use building featuring the pizza shop with five 2-bedroom residential units above; an art gallery with three 2-bedroom units; a four-unit multifamily (quadraplex); and a separate duplex. This diverse unit mix provides multiple income streams and long-term upside. Located just steps from University Circle, University Hospitals, Case Western Reserve, the property benefits from strong rental demand driven by proximity to major employment hubs, cultural institutions, and the heart of Little Italy\u2019s renowned dining and arts scene. Whether you\u2019re seeking a stabilized, income-producing asset or a value-add/development opportunity in one of Cleveland\u2019s most desirable neighborhoods, this is a rare chance to own a cornerstone portfolio in Little Italy.
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
Euclid Heights
Building Details
Details about the building on a property.
Year Built: 
1921
Living Area: 
0.0
Construction
Roof: 
Asphalt,Fiberglass,Flat
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: 
Hot Water,Steam
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.34
Lot Size (Area): 
0.34
Lot Features
Parking Type: 
Detached,Garage,Parking Lot
Total Parking Spaces: 
20
Public Record
Parcel Number: 
121-07-006
Annual Tax: 
$60,018.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Colin Biro
Listing Co-Agent Name: 
Jon Legato
Listing Office Name: 
Century 21 DeAnna Realty
Listing Co-Office Name: 
Century 21 DeAnna Realty

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