5806 Fleet Avenue, Cleveland, OH 44105
Local realty services provided by:CENTURY 21 Asa Cox Homes
Listed by: kim lewis, garrett rowan
Office: home equity realty group
MLS#:5162773
Source:OH_NORMLS
Price summary
- Price:$148,000
About this home
Seller is open to all reasonable offers - Located in the heart of the Fleet Avenue corridor, 5806 Fleet Ave presents a unique mixed-use investment opportunity with a combination of residential and commercial space in a high-demand rental area. The property features (4) total units — including a 3-bedroom, 2-bedroom, 1-bedroom, and an office unit — offering flexible income potential and diverse tenant appeal.
Positioned along a well-traveled retail strip, the property benefits from strong visibility, easy access to public transit, and proximity to neighborhood employers and amenities. With both residential and commercial rental demand remaining strong, this asset provides an excellent balance of cash flow stability and value-add upside through light renovation and rent optimization.
This property is being sold as part of a 4-property Cleveland investment package, which includes a mix of fully occupied and value-add assets. The seller has completed inspections on all four properties, and the list price reflects renovation costs across the portfolio — offering investors projected cap rates between 8–12% based on 75–90% of HUD Fair Market Rents.
Property Highlights:
(4) Total Units – 3BD, 2BD, 1BD, and Office Space
Mixed-Use Setup – Residential + Commercial Potential
Located in the Active Fleet Ave Retail Corridor
Value-Add Opportunity – Cosmetic & Rent Upside
Part of a 4-Property Package Deal | 8–12% Pro Forma Cap Range
Seller-Motivated | Inspections Completed on All Properties
Perfect for investors seeking a diversified, income-generating asset with built-in upside and inclusion in a performing multi-property Cleveland portfolio.
Contact an agent
Home facts
- Year built:1905
- Listing ID #:5162773
- Added:67 day(s) ago
- Updated:December 09, 2025 at 03:09 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1905
- Lot area:0.13 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$148,000
- Tax amount:$3,002 (2024)
New listings near 5806 Fleet Avenue
- New
$190,000Active7 beds 4 baths3,573 sq. ft.4116 Sackett Avenue, Cleveland, OH 44109
MLS# 5175945Listed by: EXP REALTY, LLC. - New
$145,000Active4 beds 2 baths1,560 sq. ft.11104 Mount Carmel Road, Cleveland, OH 44104
MLS# 5147158Listed by: GENTILE REAL ESTATE LLC - New
$169,000Active6 beds 2 baths10207 Hilgert Drive, Cleveland, OH 44104
MLS# 5177147Listed by: EXP REALTY, LLC. - New
$199,000Active7 beds 4 baths3109 Walton, Cleveland, OH 44113
MLS# 5177153Listed by: STERLING INTEGRATED REALTY SERVICES LLC - New
$169,000Active4 beds 2 baths13313 Ferris Avenue, Cleveland, OH 44105
MLS# 5176849Listed by: EXP REALTY, LLC. - New
$169,000Active4 beds 2 baths3542 E 108th Street, Cleveland, OH 44105
MLS# 5176940Listed by: EXP REALTY, LLC. - New
$425,000Active3 beds 2 baths2,224 sq. ft.1935 E 123 Street, Cleveland, OH 44106
MLS# 5176199Listed by: MCDOWELL HOMES REAL ESTATE SERVICES - New
$164,900Active3 beds 1 baths924 sq. ft.4357 W 52nd Street, Cleveland, OH 44144
MLS# 5176893Listed by: RE/MAX ABOVE & BEYOND - New
$214,900Active5 beds 2 baths2,891 sq. ft.3501 W 136th Street, Cleveland, OH 44111
MLS# 5176441Listed by: RE/MAX ABOVE & BEYOND - New
$149,900Active3 beds 1 baths1,276 sq. ft.3544 W 99th Street, Cleveland, OH 44102
MLS# 5176476Listed by: RE/MAX ABOVE & BEYOND