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Listed price in listed location currency (USD).
$109,900

640

MLS® 5200687

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes $3,002
Days Active 5
Lot Size 
Approx. Age 1905
MLS® Number 5200687

Property Address: 5806 Fleet Ave, Cleveland, OH, 44105-7624

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

Description

Strong investment opportunity with BRRRR potential and high value-add. This mixed-use asset in the heart of the Fleet Avenue corridor features (4) total units, including a 3-bedroom, 2-bedroom, 1-bedroom, and an office/commercial space, providing diverse income streams and broad tenant appeal. With strong visibility along a well-traveled retail strip and consistent rental demand in the area, the property is well-positioned for long-term performance. Tenants benefit from convenient access to public transit, nearby employers, and local amenities, supporting stable occupancy. The property presents clear upside through renovation and rent optimization, allowing investors to increase both rental income and overall asset value. With both residential and commercial demand remaining strong, this asset offers an attractive opportunity to execute a value-add strategy. Additional highlights include completed inspections across the portfolio and projected returns in the 8–12% range based on 75–90% of HUD Fair Market Rents. Note: property had a frozen pipe in that caused water damage in one of the units and will require repair. This property is part of a larger multi-property Cleveland portfolio, offering investors the opportunity to scale with a diversified, income-generating package. Ideal for investors seeking a value-add asset with strong upside in a high-demand location. Buyer to verify all information.
MLS® Number5200687
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1905
Basement
DrivewayDirect Access
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 11, 2026List Date
$109,900List Price
-End Date
Not Sold YetSold Price

For Sale

Oct 7, 2025List Date
$109,900List Price

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