USAOHClevelandF W Sears Allotment4435 State Rd
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4435 State Rd, Cleveland, OH

House

For Sale

Listed price in listed location currency (USD).
$150,000

000

MLS® 5185011

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $3,137
Days Active 70
Lot Size 
Approx. Age 1900
MLS® Number 5185011

Property Address: 4435 State Rd, Cleveland, OH, 44109-4778

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

Description

Located in the highly desirable Old Brooklyn neighborhood, this two-unit mixed-use property offers strong cash flow with tenants paying all utilities, including water, sewer, and trash. The upper residential unit features a studio and a 2 bedrooms, one full bath, full attic access, and new flooring throughout, and was recently rented at $950 a month and will be vacant at closing. (The lower tenant has a friend interested in leasing this space) The lower commercial unit includes a half bath and private access to the basement and is occupied at $700 per month on a month-to-month lease by a long-term tenant of approximately two years who uses the space for music practice and storage and would like to remain. Market rents for both units exceed $1, 200 per month, providing clear upside. Owner expenses are minimal with approximately $95 per month in insurance and $260 per month in taxes, and the property is currently self-managed. The roof is approximately four years old, the hot water tank was replaced in 2023, and the electric was updated about two years ago. Conveniently located near MetroHealth Hospital, Cleveland Zoo, Ridge Park Square, and major commuter routes, this property is easy to rent and produces a current cap rate over 8 percent with a pro forma cap rate exceeding 10 percent after factoring in maintenance and management. Financials and proforma attached. No seller financing.
MLS® Number5185011
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull
DrivewayDriveway, Paved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 11, 2026List Date
$150,000List Price
-End Date
Not Sold YetSold Price

For Rent

Apr 18, 2026List Date
$995List Price
  • Commute

Commute

Starting Address
Destination Address
4435 State Rd, Cleveland, OH

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