2103 St Clair Avenue NE | Cleveland
OPPORTUNITY OVERVIEW\r\n\r\nRare opportunity to acquire a character-rich, two-story brick building on Cleveland\u0027s St. Clair Avenue NE corridor \u2014 a near east side commercial and residential strip with proven short-term rental demand and active adaptive reuse momentum.\r\n\r\nThe seller previously operated the building as a short-term rental generating approximately $4,000/month in gross Airbnb revenue, demonstrating real lodging demand on this corridor. One unit is currently rent-ready for immediate occupancy or STR re-activation; three units are in value-add condition, offering a buyer the opportunity to build equity through targeted finish work.\r\n\r\nWith 6,002 SF across two floors plus a partial basement, this asset supports multiple exit strategies: continue as a short-term rental operation, convert to 4\u20136 long-term residential units, or reposition as a mixed-use ground-floor commercial / upper-floor residential property.\r\n\r\nINVESTMENT HIGHLIGHTS\r\n\r\n\u2022 Proven STR demand \u2014 seller-reported ~$4,000/month gross Airbnb income prior to vacancy\r\n\u2022 1 rent-ready unit at closing \u2014 immediate partial income path, reduces day-one carry\r\n\u2022 3 value-add units \u2014 finish work creates equity upside priced into ask\r\n\u2022 Multifamily conversion candidate \u2014 6,002 SF supports 4\u20136 residential units\r\n\u2022 Brick construction \u2014 durable asset with character that commands a premium on the rental market\r\n\u2022 Walk Score 83 \u2014 walkable corridor with restaurants, retail, and transit within steps\r\n\u2022 Strong renter demographics \u2014 median age 29, 74.8% renter-occupied within 1 mile\r\n\u2022 No major structural issues \u2014 cosmetic and finish deferred maintenance only\r\n\u2022 Flexible use positioning \u2014 STR continuation, long-term residential, or mixed-use MLSNow 5225028 Directions to property: St. Clair and East 21st Street

