5806 Fleet Avenue, Cleveland, OH 44105
C G Barkwill Trustees Sub · Cuyahoga County
Key Facts
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.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 Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1905
Stories
2
Lot Size
0.13 acres
Days on Market
45
MLS® Listing#
5200687
Property Features
Cooling
Heating
Parking
Construction
Foundation
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$3,002
Tax year 2025
Parcel Number
132-12-008
Directions
Fleet Ave & E 57th
Affordability Calculator
$21,980
Estimated monthly payment
$585/mo
Principal $87,920 · Est. interest $122,656 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cleveland, OH
- 51
- Median Days on Market
- 1,829
- Median Sq Ft
- $98
- Median Price / Sq Ft
- 1,399
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Cleveland, OH.
Location
Points of Interest in Cleveland, OH
Showing the Cleveland area map.
Nearby Schools
Fullerton Elementary School
Elementary · 0.1 mi away
St Stanislaus
School · 0.3 mi away
Cleveland College Preparatory School
Primary School · 0.4 mi away
Cleveland Central Catholic High School
Secondary · 0.4 mi away
Mound Elementary School
Elementary · 0.5 mi away
Washington Park
School · 0.6 mi away
Regent High School
Secondary · 0.7 mi away
Washington Park Community School
Elementary · 0.7 mi away
A B Hart Intermediate School
Elementary · 0.7 mi away
South High School
Secondary · 0.7 mi away
Broadway Academy
School · 0.8 mi away
Your Little Treasures II
School · 0.8 mi away
Hope Academy Northcoast
School · 1.1 mi away
Broadway Academy at Willow
Elementary · 1.4 mi away
The Brentley Institute
Secondary · 1.4 mi away
E Prep & Village Prep Woodland Hills Campus
Elementary · 1.5 mi away
Miles Park School
Elementary · 1.5 mi away
Academy of Cleveland
School · 1.5 mi away
Warner Girls Leadership Academy
School · 1.6 mi away
Anton Grdina
Elementary · 1.6 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1317 E 115th Street, Cleveland, OH | $78,500 | 6 | 3 | 2,850 |
| 10708 Grantwood Avenue, Cleveland, OH | $84,800 | 5 | 1 | — |
| 14907-14905 Pepper Avenue, Cleveland, OH | $85,000 | 6 | 2 | 2,546 |
| 9902 Yale Avenue, Cleveland, OH | $85,000 | 5 | 2 | — |
| 806 E 157th Street, Cleveland, OH | $85,000 | 5 | 3 | 1,822 |
| 10315 Somerset Avenue, Cleveland, OH | $89,900 | 5 | 3 | — |
Moving Cost Estimate
EXIT Agents in Cleveland
Listing Courtesy: Home Equity Realty Group - Garrett Rowan; 803-992-1429; Garrett.Rowan@HEQRealty.com
Last Updated: 2026-04-10