2883 E 114th Street Cleveland, OH $ 2,250,000
2883 E 114th Street
$ 2,250,000
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2883 E 114th Street

Cleveland, OH, 44104
$ 2,250,000
Bedrooms-- Baths--

Monthly Estimate*

$ 14,037

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Commercial Property for sale in Cleveland, OH

for $2,250,000. This building was built in 1926 on a lot size of 1.55.

Extremely rare opportunity to acquire a fully cash-flowing, stabilized 39-unit portfolio across 13 properties in the Cleveland market. Located in strong submarkets known for steady demand and appreciation. Currently ~90% occupied, with four units in lease-up to subsidized tenants—expected to be fully leased by closing. Includes 26 Section 8 tenants providing reliable, government-backed income. All gas/electric paid by tenants; owner covers only water/sewer. Professional management in place for seamless transition. Once fully occupied, projected 10%+ CAP, with upside to 13%+ CAP / 20%+ cash-on-cash through rent alignment. Turnkey Cleveland portfolio delivering immediate income and long-term growth.

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Commercial Pending

Price

$ 2,250,000

Property Type

Commercial

Taxes

$ 22,640

Style

Lot Size

1.55

Year Built

1926

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5165403

Features
General
Sewer Public Sewer
Heating Forced Air
Possession Delivery Of Deed
Year Built 1926
Township Cleveland
Property Subtype Other
Tax Year 2024
Current Use Multi-Family Residential Single Family
Additional Parcels Description 139-19-135 130-09-032 129-27-074 132-22-051
County Cuyahoga
Property Type Commercial Sale
Attached Garage false
Subdivision Name Harvey Rice Jr S Sub
Status Pending
Directions Various locations in Cleveland
City Cleveland
High School District Cleveland Municipal - 1809
Lot Size Units Acres
Tax Annual Amount 22640
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source Public Records
Property Sub Type Additional Other
Legal Description 427 RICTR 0043 ALL
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Interior
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 1.55
Building Area Total 40580
Lot Size Acres 1.55
Lot Size Source Assessor
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* Excluded Features
List By
Tal Tamir

Listing Agent

Russell Real Estate Services

Broker

tal@premierclevelandinvesting.com

Email

Affordability Calculator

$15,924
Per Month
88%
12%
0%
Monthly Principal & Interest
$14,037
Monthly Property Taxes
$1,887
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
10/22/2025$2,250,000 Listed Price

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2883 E 114th Street, Cleveland, OH, 44104 is a Commercial Property for sale at $2,250,000 with a lot size of 1.55. 2883 E 114th Street was built in 1926. The property's zip code is 44104 which is in Cleveland, OH