5806 Fleet Avenue, Cleveland, OH 44105
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by: kim lewis, garrett rowan
Office: home equity realty group
MLS#:5162773
Source:OH_NORMLS
Price summary
- Price:$114,900
About this home
**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 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.
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Home facts
- Year built:1905
- Listing ID #:5162773
- Added:142 day(s) ago
- Updated:February 24, 2026 at 09:45 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
- Basement:Yes
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1905
- Lot area:0.13 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$114,900
- Tax amount:$3,002 (2024)
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