5806 Fleet AVE Cleveland, OH 44105
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision C G Barkwill Trustees Sub
MLS Listing ID 5162773
Bedrooms 7
Full Baths 3
HOA Y/N No
Year Built 1905
Annual Tax Amount $3,002
Tax Year 2024
Lot Size 5,850 Sqft
Acres 0.1343
Property Sub-Type Quadruplex
Stories Three Or More
Story Three Or More
Property Description
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.
Location
State OH
County Cuyahoga
Rooms
Basement Concrete
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Additional Parking, Direct Access, Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 132-12-008
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
- 10
Cuyahoga Hts Elementary School
Public | PK - 5
- 6
Cleveland Arts and Social Sciences Academy
Public | KG - 8
- 5
Entrepreneurship Preparatory School - Woodland Hil
Public | 5 - 8
- 5
The Intergenerational School
Public | KG - 8
- 4
Buhrer Dual Language Academy
Public | PK - 8
- 4
Tremont Montessori School
Public | PK - 8
- 4
Marion-Sterling School
Public | PK - 8
- 4
Cleveland College Preparatory School
Public | KG - 8
- 4
Mound School
Public | PK - 8
- 4
Dike School of the Arts
Public | PK - 8
- 4
Hope Academy Northcoast
Public | KG - 8
- 4
Bolton School
Public | PK - 8
- 4
Elmwood Elementary School
Public | KG - 5
- 3
Horizon Science Academy-Denison Middle School
Public | KG - 8
- 3
Northeast Ohio College Preparatory School
Public | KG - 11
- 3
Washington Park Community
Public | KG - 8
- 3
George Washington Carver School
Public | PK - 8
- 3
Anton Grdina School
Public | PK - 8
- 2
Warner Girls Leadership Academy
Public | PK - 8
- 1
Willow School
Public | PK - 8
- 8
Cuyahoga Hts Middle School
Public | 6 - 8
- 8
Cuyahoga Hts High School
Public | 9 - 12
- 3
Garfield Heights High School
Public | 9 - 12
- 2
Design Lab @ Jane Addams
Public | 9 - 12
- 2
Washington Park
Public | 9 - 12
- 2
East Technical High School
Public | 9 - 12
- 2
New Technology Hs@East Tech
Public | 9 - 12
- 1
Jane Addams Business Careers Center
Public | 9 - 12
- 0
Believers Academy Program
Private | 9 - 12
- 0
Life Skills High School of Cleveland
Public | 9 - 12
- 0
Cleveland Central Catholic High School
Private | 9 - 12
- 0
Benedictine High School
Private | 9 - 12
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