5806 Fleet Avenue
Cleveland, OH 44105

Listed at $114,900

Details

  • MLS# 5162773
  • Multi Unit - Multiple
  • Status Active
  • 7 Bedrooms
  • 3 full Bathrooms
  • 0 Square Feet
  • 0.134 acres
  • Built in 1905
  • Cleveland Municipal - 1809 Local Schools
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Description

**Property has had a pipe freeze and burst in one of the lower units. Seller is motivated to sell quickly and willing to offering concessions. 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...read more 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 812% based on 7590% of HUD Fair Market Rents.Property Highlights:(4) Total Units 3BD, 2BD, 1BD, and Office SpaceMixed-Use Setup Residential + Commercial PotentialLocated in the Active Fleet Ave Retail CorridorValue-Add Opportunity Cosmetic & Rent UpsidePart of a 4-Property Package Deal | 812% Pro Forma Cap RangeSeller-Motivated | Inspections Completed on All PropertiesPerfect for investors seeking a diversified, income-generating asset with built-in upside and inclusion in a performing multi-property Cleveland portfolio.

Features

  • None
  • Forced Air
  • 3.0 Stories
  • $3,002 / year Taxes
  • Public
  • Built in 1905
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 2:14:02 AM EST) or MLS NOW (last updated Sat 03/14/2026 12:17:38 AM EST). Real estate listings held by brokerage firms other than Progressive Urban Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: Yes
  • Basement: Concrete
  • Cooling: None
  • Days on Site: 157
  • Exterior: Unknown
  • Heating: Forced Air
  • Lot Size: 0.13 Acres
  • Parcel#: 132-12-008
  • Parking: Additional Parking, Direct Access, Driveway
  • Roof Type: Asphalt, Fiberglass
  • Sewer: Public Sewer
  • Stories: 3.0
  • Taxes: $3,002 / year
  • Water: Public
  • Year Built: 1905