5007 Clark Avenue
Cleveland, OH, 44102 $ 309,000
Bedrooms-- Baths-- Monthly Estimate*
$ 2,134
for $309,000. This building was built in 1910 on a lot size of 0.1148.
This commercial quadplex is an excellent investment opportunity! This fully occupied, income-producing mixed-use property features 2 commercial storefronts & 2 residential apartments, generating $3,600/mo in gross rental income! Both storefronts are leased to the same company, operating a barbershop & retail store, for a combined $1,100/mo. With estimated market rents of $800–$900 per storefront, investors have potential to increase future income! Each residential unit offers 2 bedrooms, 1 full bathroom, a spacious living room, functional kitchen & adjoining dining area. Both apartments have stable tenants paying $1,250/mo each, providing immediate cash flow. Extensive renovations include newer windows, updated flooring, fresh paint, appliances, new washers & dryers, newer furnaces & hot water tanks, upgraded electrical panels & service, new sewer lines & a roof approximately one year old! The basement provides additional storage & potential value-add opportunities, while the detached 2-car garage offers extra utility. A privacy fence separates tenants’ backyard spaces, plus 4 rear parking spaces provide convenient off-street parking. With dependable occupancy, multiple income streams & major improvements already completed, this property offers a compelling blend of current cash flow & future upside. Separate residential & commercial spaces offer flexibility for long-term leasing strategies, adding to this property’s investment appeal. Conveniently located on Cleveland’s West Side near I-90, I-71 & I-490, MetroHealth Main Campus, public transportation, schools, shops, parks, restaurants & everyday amenities. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Don’t miss the chance to expand your portfolio with this renovated, fully occupied mixed-use investment! Schedule your showing! No wholesalers. No Seller financing. No low ball offers.
See more
FeaturesGeneralSewer Public Sewer
Heating Forced Air
Possession Delivery Of Deed
Roof Asphalt Fiberglass
Year Built 1910
Stories Count 2
Township Cleveland
Levels Two
Property Subtype Mixed Use
Tax Year 2025
Current Use Commercial Multi-Family
Business Type Barber/Beauty Clothing
County Cuyahoga
Property Type Commercial Sale
Attached Garage false
Subdivision Name James Hoyts
Status Active
Directions On Clark Avenue between W 52nd Street and W 50th Street
City Cleveland
Disclosures Principal is Real Estate Licensed
High School District Cleveland Municipal - 1809
Lot Size Units Acres
Tax Annual Amount 3472
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 Public Records
Property Sub Type Additional Mixed Use
Legal Description 47 HOYT 0008 ALL
See more
InteriorBasement Full
Basement (Y/N) true
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
See more
ExteriorParking Features Parking Lot
Water Source Public
Total Parking 4
Lot Size Area 0.1148
Number of Buildings 1
Building Area Total 2785
Lot Size Acres 0.1148
Lot Size Source Assessor
Waterfront Y/N false
See more
* Excluded FeaturesList ByMichael AzzamListing Agent
Re/Max Haven RealtyBroker
mike@theazzamgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,134
- Monthly Property Taxes
- $289
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyCommerical listings in Cleveland, OH
Average List Price $562,598
Percent of Sale Price 82%
About Cleveland, OH 372,504 Population
-22% Since 2002
$ 27,719 Median Income
37.02 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4457981 Elementary School
4457986 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/16/2026 | $309,000 | | Listed Price |