4439 State Road | Image 1
New
4439 State Road | Image 2
4439 State Road | Image 3
4439 State Road | Image 4
4439 State Road | Image 5
4439 State Road | Image 6
4439 State Road | Image 7

$225,000

For Sale

7 hours ago

4439 State Road, Cleveland, OH

House

MLS® 5235469

0 Bed

0 Bath

--

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $5,073
Days Active 0
Lot Size 0.1687 Acres
Approx. Age 1890
MLS® Number 5235469

Property Address: 4439 State Road, Cleveland, OH, 44109

Average square foot calculated using Size range provided by listing agent.

Description

Value-add mixed-use opportunity offered at just $225, 000 with an estimated stabilized value of approximately $360, 000. This fully vacant property features four income-producing spaces, including a 4-bedroom apartment, 2-bedroom apartment, storefront, and warehouse/storage space, estimated at $3900/mo total. Beyond rental income, the property’s utility configuration presents an opportunity to implement a RUBS reimbursement program, potentially shifting all utility costs back to tenants. This creates another avenue to improve NOI without significant capital investment. Major systems anre in great shape including a newer roof (-10yr) , vinyl windows, hot water tanks (-5yr) , and a newer Trane furnace, allowing buyers to focus on stabilization rather than major mechanical replacements. The asking price projects a 12.07% cap rate or a $350, 000 ARV at an 8% cap rate. Located in Cleveland’s growing Old Brooklyn neighborhood, the property benefits from strong rental demand, ongoing redevelopment along the Pearl Road corridor, and close proximity to MetroHealth Medical Center, Downtown Cleveland, I-71, I-480, Cleveland Metroparks Zoo, and the Towpath Trail. Renovated apartments in the area continue to command premium rents, making this an excellent opportunity to create equity while generating strong cash flow. Schedule your private showing today.
MLS® Number5235469
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1890
BasementUnfinished
DrivewayDriveway, Off Street
Garage Spaces
HeatForced Air
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 14, 2026List Date
$225,000List Price
  • Commute

Commute

Starting Address
Destination Address
4439 State Road, Cleveland, OH

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties