4316 Pearl Road, Cleveland, OH 44109 - $875,000

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4316 Pearl Road, Cleveland, OH 44109
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Comments for 4316 Pearl Road, Cleveland, OH 44109

CALLING ALL INVESTORS Just starting out or growing your portfolio. Check out this 16 Unit Large ALL BRICK mixed use located in great neighborhood with solid rental demand in the heart of Old Brooklyn. A stone's throw from Metro health and minutes to Cleveland's downtown. This well-kept and professionally managed multi-family 12 apartments up w/ 4 retail shops total of 16 units located in Old Brooklyn and just North of I-480 just minutes to Cleveland's downtown on Pearl Avenue. 16 Unit composed of: 3) 1 - Bed / 1 Bath, 2) 3 - Bed/1 Bath, 6) 2 - Bed / 1 Bath, 1) Studio / 1 Bath and. 4) retail shops at street level w/ basement access for value add. All Retail face Pearl Ave. with high traffic count and visibility. Many units have had floor, kitchen, bath upgrades. 4 units on 2nd floor have small balconies on Pearl Rd side and all Spokane units have small porches for added value in rentals. ** Many of the rents have been brough to market but a couple have some room yet. ** Ask your agent for Income & Expenses Posted with listing ** ** All units have individual furnaces, separate electric and gas meter. ** Owner pays only water/sewer and maintenance. Heating: GFA Furnaces (each unit) **Several furnaces have been replaced/added and less than 5 years ** Roof: Flat rolled asphalt resurfaced 2026. ** Parking: Street Only ** OM in supplements

$875,000

Estimated Monthly Payment: $4,073.08 (including taxes & insurance estimates)

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Property Details

City: ClevelandProperty Type: Commercial - Business
Subdivision: Brooklyn Realty Cos SubLot Size: 0.22 Acres
School District: Cleveland Municipal - 1809Taxes: $22,446
Status: ActiveYear Built: 1912
MLS#: 5215134 

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Property Features

Property Type: Commercial - BusinessParking: Paved
Basement: FullRoof Type: Asphalt, Flat
Basement: YesSewer: Public Sewer
Building Features: Private RestroomsStories: 2.0
Cooling: NoneTaxes: $22,446
Fencing: WoodUnits: 16
Heating: Forced Air, GasWater: Public
Lot Size: 0.22 AcresYear Built: 1912
Parcel#: 014-15-076 

School Information

School District: Cleveland Municipal - 1809

Listed By

Agency Name: Keller Williams Citywide
Agency Contact: jmatheos@kw.com, 440-847-9033

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 555-555-5555

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  • Demographics
  • Walk Score

Cuyahoga County Demographic Information

Fips
Fips Code39035
Population
2020 to 2025 Changedown 2.5%
2010 Count1,280,122
2020 Count1,264,817
2025 Estimate (V2025)1,232,925
2020 Estimate (V2025)1,264,775
Age Distribution (Years Old)
0 to 45.2%
5 to 1720.1%
18 to 6454.2%
65 and Older20.5%
Gender
Male48.0%
Female52.0%
Place of Birth
Foreign7.7%
US92.3%
Education
High School Graduate, Age 25+91.5%
Bachelor's Degree or Higher, Age 25+36.5%
Computer and Internet use
Households with a computer94.0%
Households with a broadband Internet subscription89.5%
Language
English is Second Language, Age 5+12.3%
English is First Language, Age 5+87.7%
Veterans
Veterans54,264
Income
Per Capita Income$42,747
Median Household Income$64,468
People in Poverty14.9%
Commute
Average Work Commute Time24 minutes
Housing
Total Housing Units615,116
Households554,551
Average Household Size2.20
Owner-Occupied59.4%
Multi-Family34.9%
Owner-Occupied Median Value$195,400
Median selected monthly owner costs -with a mortgage$1,570
Median selected monthly owner costs -without a mortgage$671
Median gross rent$1,060
Building Permits
New Private Housing Issued 20241,685
Years at Residence
1 Year or More86.7%
Less Than 1 Year13.3%
Business and Employment
Private non-farm Establishments31,496
Private non-farm Employment681,543
Private non-farm Employment Growthup 0.7%
Nonemployer Establishments110,977
Number of Firms23,160
Business Production
Value of Shipments$23,225,392,000
Wholesale Trade$24,854,217,000
Retail Trade$16,920,714,000
Retail Sales Per Capita$11,914
Accommodation and Food Services$3,332,698,000
Land
Land Area457.19 sq. miles
Population Per Square Mile2,800

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