OH
Cuyahoga
Cleveland
44105
5806 Fleet Avenue
5806 Fleet Avenue, Cleveland, OH 44105
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Listing Type
Multi Family
Listing Status
Active
49
$148,000

Home Details for 5806 Fleet Avenue

Price
$148,000
Type
Residential Income
Bedrooms
7
Bathrooms
3.0
Square feet
NaN
Year built
1905
Lot size acres
0.1343
County
Cuyahoga
Garage
Basement
Concrete
Days on site
61
MLS Listing#
5162773
Property Description

Seller is open to all reasonable offers - Located in the heart of the Fleet Avenue corridor, 5806 Fleet Ave presents a unique mixed-use investment opportunity with a combination of residential and commercial space in a high-demand rental area. The property features (4) total units — including a 3-bedroom, 2-bedroom, 1-bedroom, and an office unit — offering flexible income potential and diverse tenant appeal. Positioned along a well-traveled retail strip, the property benefits from strong visibility, easy access to public transit, and proximity to neighborhood employers and amenities. With both residential and commercial rental demand remaining strong, this asset provides an excellent balance of cash flow stability and value-add upside through light renovation and rent optimization. This property is being sold as part of a 4-property Cleveland investment package, which includes a mix of fully occupied and value-add assets. The seller has completed inspections on all four properties, and the list price reflects renovation costs across the portfolio — offering investors projected cap rates between 8–12% based on 75–90% of HUD Fair Market Rents. Property Highlights: (4) Total Units – 3BD, 2BD, 1BD, and Office Space Mixed-Use Setup – Residential + Commercial Potential Located in the Active Fleet Ave Retail Corridor Value-Add Opportunity – Cosmetic & Rent Upside Part of a 4-Property Package Deal | 8–12% Pro Forma Cap Range Seller-Motivated | Inspections Completed on All Properties Perfect for investors seeking a diversified, income-generating asset with built-in upside and inclusion in a performing multi-property Cleveland portfolio.

Property Features
  • Parking
    • Additional Parking
    • Direct Access
    • Driveway
  • Cooling Information
    • None
  • Heating Information
    • Forced Air
  • Water Features
    • Public
  • Basement
    • Concrete
Listing Courtesy: Home Equity Realty Group - 330-952-2244
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information provided courtesy of the Northern Ohio Regional Multiple Listing Service.
Last Updated: 2025-11-24 10:00:55
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Median Listing Price
Median Days on Site
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Market statistics compiled from data from YES MLS.
EXIT RIVERBEND REALTY
220 Main St, Belpre, OH 45714
Jim Richards
CA BRE: #: WVS180300267
License #: sal.2019007897
Sales Representative
Office
740 860 3555
Agent
304 210 7379
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