4316 Pearl Road Cleveland, OH $ 950,000
4316 Pearl Road
$ 950,000
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4316 Pearl Road

Cleveland, OH, 44109
$ 950,000
Bedrooms-- Baths--

Monthly Estimate*

$ 5,927

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Commercial Property for sale in Cleveland, OH

for $950,000. This building was built in 1912 on a lot size of 0.2204.

CALLING ALL INVESTORS Just starting out or growing your portfolio. Check out this 16 Unit Large ALL BRICK mixed use located in great neighborhood with solid rental demand in the heart of Old Brooklyn. A stone's throw from Metro health and minutes to Cleveland's downtown. This well kept and professionally managed multi-family 12 apartments up w/ 4 retail shops total of 16 units located in Old Brooklyn and just North of I-480 just minutes to Cleveland's downtown on Pearl Avenue. 16 Unit composed of : 3) 1 - Bed / Bath, 2) 3 - Bed/1 Bath, 6) 2 - Bed / 1 Bath, 1) Studio / 1 Bath and. 4) retail shops at street level w/ basement access for value add. All Retail face Pearl Ave. with high traffic count and visibility. Many units have had floor, kitchen, bath upgrades. 4 units on 2nd floor have small balconies on Pearl Rd side and all Spokane units have small porches for added value in rentals. **Many of the rents have been in place and there is room for increases (See Rent Comps in Marketing . ** ** Ask your agent for Income & Expenses Posted with listing ** Please see the local rental comps ask your agent for info** All units have individual furnaces, separate electric and gas meter. Owner pays only water/sewer and maintenance. Heating: GFA Furnaces (each unit) **Several furnaces have been replaced/added and less than 10 years** Roof: Flat rolled asphalt ~ about 15 years. Parking: Street Only

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Commercial Active

Price

$ 950,000

Property Type

Commercial

Taxes

$ 22,396

Style

Lot Size

0.2204

Year Built

1912

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5118404

Features
General
Sewer Public Sewer
Heating Forced Air Gas
Possession Delivery Of Deed
Roof Asphalt Flat
Year Built 1912
Stories Count 2
Township Cleveland
Levels Two
Property Subtype Mixed Use
Tax Year 2024
County Cuyahoga
Net Operating Income 85902
Operating Expense 51240
Property Type Commercial Sale
Attached Garage false
Subdivision Name Brooklyn Realty Cos Sub
Building Features Private Restrooms
Status Active
Directions Off of Pearl Rd. at corner of Pearls and Spokanne
City Cleveland
High School District Cleveland Municipal - 1809
Number Of Units Total 17
Lot Size Units Acres
Tax Annual Amount 22396
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source Appraiser
Total Actual Rent 144360
Property Sub Type Additional Mixed Use
Cap Rate 8
Legal Description 58 BRKRCO S/L 71 ALL 0070 ALL
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Interior
Basement Full
Total Stories 2
Basement (Y/N) true
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Paved
Water Source Public
Lot Size Area 0.2204
Foundation Details Block
Number of Buildings 1
Building Area Total 19518
Lot Size Acres 0.2204
Lot Size Source Appraiser
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* Excluded Features
List By
James P Matheos

Listing Agent

Keller Williams Citywide

Broker

jmatheos@kw.com

Email

Affordability Calculator

$7,793
Per Month
76%
24%
0%
Monthly Principal & Interest
$5,927
Monthly Property Taxes
$1,866
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457981 Elementary School
4457986 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/6/2025$950,000 Listed Price

Map


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4316 Pearl Road, Cleveland, OH, 44109 is a Commercial Property for sale at $950,000 with a lot size of 0.2204. 4316 Pearl Road was built in 1912. The property's zip code is 44109 which is in Cleveland, OH