1862 E 81st St, Cleveland, OH

Name: 1862 E 81 St St, For Sale in Cleveland - Zoocasa
Brand: Citify
SKU: 5167331
Price: 640000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$640,000

000

MLS® 5167331

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $20,233

Days Active 79

Approx. Age 1900

MLS® Number 5167331

Property Address: 1862 E 81st St, Cleveland, OH, 44103-4256

Average square foot calculated using Size range provided by listing agent.

Description

1862 E 81st Street presents a 10-unit multifamily investment opportunity in Cleveland, Ohio, located within an Opportunity Zone corridor just minutes from Downtown Cleveland, University Circle, and Cleveland Clinic’s Main Campus. The property totals approximately 9, 336 square feet across 0.16 acres, offering a balanced mix of renovated units and ongoing value-add potential. This voucher-eligible, 90% occupied asset delivers consistent income with annual rent of $76, 681, complemented by recent upgrades including new exterior porches, lead-safe certification through 2027, and interior renovations throughout. One unit is currently under renovation, offering immediate upside upon lease-up. Location Highlights Strategically positioned near Cleveland’s primary employment and educational hubs, the property is 5 minutes from Cleveland Clinic, 6 minutes from Case Western Reserve University, and 9 minutes from Downtown Cleveland. Tenants benefit from excellent connectivity to I-90, RTA transit lines, and the Opportunity Corridor, ensuring easy access across Greater Cleveland. Residents enjoy proximity to cultural anchors like Wade Oval, Cleveland Botanical Garden, and the Cultural Gardens, with neighborhood revitalization underway through public and private reinvestment. Market Drivers $3.5B Cleveland Waterfront Redevelopment – transforming downtown into a live-work-play destination. $600M Sherwin-Williams HQ & R&D Campus – 3, 500+ jobs in Cleveland’s core. $650M Cleveland State University expansion – boosting student housing and research growth. $300M+ Cleveland Clinic Innovation District – driving regional healthcare employment. $50M+ Fairfax Meijer + Housing Project – new mixed-use development strengthening the Innovation District.

MLS® Number5167331

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1900

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 24, 2025List Date

$640,000List Price

Commute

Commute

Starting Address

Destination Address

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