Active

5806 Fleet Avenue

Cleveland, OH 44105

$109,900 $463/Mo

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Overview

Bed

Bath

0.13

Acre(Lot)

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 a sset 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.Professional property management resources are available for out of state investors, including leasing coordination, marketing support, tenant communication, maintenance, and repair resources. For buyers looking to grow their Cleveland rental portfolio or acquire an income-producing asset with cash flow already in place, this property is positioned to offer a more streamlined ownership experience for out-of-state investors. Full financial analysis upon request. Schedule your showing today.

Property Details

Property Type : Residential Income

Price : $109,900

AD Id : 79245530

MLS Id : 5200687

Beds : 6

Lot Size : 0.13 Acre

Year Built : 1905

County : Cuyahoga

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 4 Full Baths: 3 Half Baths: 1

Room Information

Has Basement: Yes
Roofing Information

Asphalt, Fiberglass, Flat
Interior Features

Roof: Asphalt, Fiberglass, Flat
Heating & Cooling

Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Window Unit(s)

Building Information

Year Built: 1905 Construction Materials: Wood Siding Stories: 2 Private Pool: No

Lot Information

Main Square Feet: 0.1343 Acres Lot Size Acres: 0.1343 Lot Size Source: Assessor

Property Information

Subdivision: C G Barkwill Trustees Sub Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 121

Listing Price Information

Listing Price: $109900

Tax Information

Parcel Number: 132-12-008 Tax Year: 2025 Annual Tax: $3002 Tax Legal Desc: 313 BARKWILL TR 0018 WP

Parking Information

Direct Access

Location Information

Direction: Fleet Ave & E 57th WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
4124 E 139th Street, Cleveland, OH, 44105	$115,000	5	3	1,969	1,969 SqFt
13806 Harvard Avenue, Cleveland, OH, 44105	$159,900	4	2	1,852	1,852 SqFt
13611 Beachwood Avenue, Cleveland, OH, 44105	$145,000	4	2	1,690	1,690 SqFt
13701 Benwood Avenue, Cleveland, OH, 44105	$140,000	6	2	--
13302 Beachwood Avenue, Cleveland, OH, 44105	$149,000	5	2	2,610	2,610 SqFt
13305 Ferris Avenue, Cleveland, OH, 44105	$117,000	4	2	2,054	2,054 SqFt
12524 Union Avenue, Cleveland, OH, 44105	$258,000	10	4	--
12008 Craven Avenue, Cleveland, OH, 44105	$155,000	5	2	3,100	3,100 SqFt
11817 Dove Avenue, Cleveland, OH, 44105	$130,000	4	2	--
11623 Miles Avenue, Cleveland, OH, 44105	$80,000	--	8	--

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 06/11/2026 @ 22:59

MLS: 5200687 LISTED BY: Kim Lewis, Home Equity Realty Group 330-952-2244 SOURCE: MLS Now