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Commercial Real Estate for Sale at 5711 Clark Avenue in Cleveland, OH for $399,000

Listing data last changed 08/07/2025 - 3:51am
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5711 Clark Avenue | Cleveland

$399,000 | 0.0 Sq. Ft.

Turnkey 5-Unit Apartment Building! This fully occupied, lead-certified 5-unit multifamily property delivers a strong 10.36% cap rate and consistent cash flow from day one. All units have been completely renovated, and several are subsidized or Section 8 eligible, offering reliable rent payments and smooth inspection compliance. Each unit includes assigned parking, ensuring ease of access for tenants. An unfinished attic presents the opportunity to add a 6th unit, further increasing ROI. Ideally located directly across from the newly constructed Clark School and Clark Recreation Center, this asset benefits from continued neighborhood growth and rising rental demand. A rare combination of strong current returns, low maintenance, and clear upside\u2014perfect for investors looking to scale their portfolio with a high-performing, future-ready asset. MLSNow 5126734 Directions to property: Right off of W 58th and Clark Ave

MLS Listing ID: 
MLSNow 5126734
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$399,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland
Address: 
5711 Clark Avenue, Cleveland, OH 44102
County: 
Cuyahoga
Latitude: 
41.4693550
Longitude: 
-81.7255860
Directions: 
Right off of W 58th and Clark Ave
Public Remarks: 
Turnkey 5-Unit Apartment Building! This fully occupied, lead-certified 5-unit multifamily property delivers a strong 10.36% cap rate and consistent cash flow from day one. All units have been completely renovated, and several are subsidized or Section 8 eligible, offering reliable rent payments and smooth inspection compliance. Each unit includes assigned parking, ensuring ease of access for tenants. An unfinished attic presents the opportunity to add a 6th unit, further increasing ROI. Ideally located directly across from the newly constructed Clark School and Clark Recreation Center, this asset benefits from continued neighborhood growth and rising rental demand. A rare combination of strong current returns, low maintenance, and clear upside\u2014perfect for investors looking to scale their portfolio with a high-performing, future-ready asset.
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
Diodate Clarks
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1910
Living Area: 
0.0
Basement: 
Common Basement
Construction
Foundation Details: 
Basement
Roof: 
Asphalt
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.17
Lot Size (Area): 
0.17
Lot Features
Parking Type: 
Driveway,Garage
Total Parking Spaces: 
5
Public Record
Parcel Number: 
016-11-022
Annual Tax: 
$5,254.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Realuxe Ohio

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