1862 E 81st Street, Cleveland, OH 44103

Property Description

1862 E 81st Street presents a 10-unit multifamily investment opportunity in Cleveland, Ohio, located within an Opportunity Zone corridor just minutes from Downtown Cleveland, University Circle, and Cleveland Clinic’s Main Campus. The property totals approximately 9,336 square feet across 0.16 acres, offering a balanced mix of renovated units and ongoing value-add potential. This voucher-eligible, 90% occupied asset delivers consistent income with annual rent of $76,681, complemented by recent upgrades including new exterior porches, lead-safe certification through 2027, and interior renovations throughout. One unit is currently under renovation, offering immediate upside upon lease-up. Location Highlights Strategically positioned near Cleveland’s primary employment and educational hubs, the property is 5 minutes from Cleveland Clinic, 6 minutes from Case Western Reserve University, and 9 minutes from Downtown Cleveland. Tenants benefit from excellent connectivity to I-90, RTA transit lines, and the Opportunity Corridor, ensuring easy access across Greater Cleveland. Residents enjoy proximity to cultural anchors like Wade Oval, Cleveland Botanical Garden, and the Cultural Gardens, with neighborhood revitalization underway through public and private reinvestment. Market Drivers $3.5B Cleveland Waterfront Redevelopment – transforming downtown into a live-work-play destination. $600M Sherwin-Williams HQ & R&D Campus – 3,500+ jobs in Cleveland’s core. $650M Cleveland State University expansion – boosting student housing and research growth. $300M+ Cleveland Clinic Innovation District – driving regional healthcare employment. $50M+ Fairfax Meijer + Housing Project – new mixed-use development strengthening the Innovation District.

Listing Status:

Active

Listing Office:

Citify : 216-206-7695

Listing Agent:

Victor Kirallah : 216-482-1465

MLS ID:

5167331

Interior

• Heating: Hot WaterSteam

Exterior

• Parking: On Street

Location

• Originating MLS: NOWDD_NORM
• School District: Cleveland Municipal - 1809
• County: Cuyahoga

Lot

• Zoning: 399 PEDRICK ALL BUT ST SL 0022119-01-030
• Fencing: Chain Link
• Current Use: Multi-Family

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM

This listing courtesy of Victor Kirallah, Citify