Cleveland, OH 44103,1862 E 81st ST
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Cleveland, OH 44103,1862 E 81st ST
Cleveland, OH 44103,1862 E 81st ST
Cleveland, OH 44103,1862 E 81st ST
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Brian Marshall

Brian Marshall

+1(304) 559-9039
$ 640,000
Est. payment /mo
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Active

1862 E 81st ST Cleveland, OH 44103

7,148 Sqft Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5167331

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1900

Annual Tax Amount $20,232

Tax Year 2024

Lot Size 7,148 Sqft

Acres 0.1641

Property Sub-Type Apartment

Property Description

1862 E 81st Street presents a 10-unit multifamily investment opportunity in Cleveland, Ohio, located within an Opportunity Zone corridor just minutes from Downtown Cleveland, University Circle, and Cleveland Clinic's Main Campus. The property totals approximately 9,336 square feet across 0.16 acres, offering a balanced mix of renovated units and ongoing value-add potential.

This voucher-eligible, 90% occupied asset delivers consistent income with annual rent of $76,681, complemented by recent upgrades including new exterior porches, lead-safe certification through 2027, and interior renovations throughout. One unit is currently under renovation, offering immediate upside upon lease-up.

Location Highlights
Strategically positioned near Cleveland's primary employment and educational hubs, the property is 5 minutes from Cleveland Clinic, 6 minutes from Case Western Reserve University, and 9 minutes from Downtown Cleveland. Tenants benefit from excellent connectivity to I-90, RTA transit lines, and the Opportunity Corridor, ensuring easy access across Greater Cleveland.

Residents enjoy proximity to cultural anchors like Wade Oval, Cleveland Botanical Garden, and the Cultural Gardens, with neighborhood revitalization underway through public and private reinvestment.

Market Drivers
$3.5B Cleveland Waterfront Redevelopment – transforming downtown into a live-work-play destination.
$600M Sherwin-Williams HQ & R&D Campus – 3,500+ jobs in Cleveland's core.
$650M Cleveland State University expansion – boosting student housing and research growth.
$300M+ Cleveland Clinic Innovation District – driving regional healthcare employment.
$50M+ Fairfax Meijer + Housing Project – new mixed-use development strengthening the Innovation District.

Location

State OH

County Cuyahoga

Interior

Heating Hot Water, Steam

Fireplace No

Exterior

Parking Features On Street

Fence Chain Link

Water Access Desc Public

Present Use Multi-Family

Building

Sewer Public Sewer

Water Public

Construction Status Updated/Remodeled

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 119-01-030

Special Listing Condition Standard

Northern Ohio Regional MLS (YES-MLS)
Listed by Victor Kirallah • Citify • 216-206-7695, eliasgeorge@citify.com

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 6

    Cleveland Entrepreneurship Preparatory School

    Public | 5 - 8

  • 6

    Cleveland Arts and Social Sciences Academy

    Public | KG - 8

  • 5

    Michael R. White School

    Public | KG - 8

  • 5

    Entrepreneurship Preparatory School - Woodland Hil

    Public | 5 - 8

  • 5

    The Intergenerational School

    Public | KG - 8

  • 5

    Mary McLeod Bethune PreK-8 School

    Public | PK - 8

  • 5

    Roxboro Elementary School

    Public | KG - 5

  • 4

    Campus International School

    Public | KG - 5

  • 4

    Village Preparatory School

    Public | KG - 4

  • 4

    Marion-Sterling School

    Public | PK - 8

  • 4

    Mound School

    Public | PK - 8

  • 4

    Dike School of the Arts

    Public | PK - 8

  • 4

    Wade Park School

    Public | PK - 8

  • 4

    Daniel E. Morgan Elementary School

    Public | PK - 8

  • 4

    Bolton School

    Public | PK - 8

  • 4

    Citizens Academy

    Public | KG - 5

  • 4

    Phoenix Village Academy Primary 2

    Public | 3 - 6

  • 4

    Superior Elementary School

    Public | PK - 6

  • 3

    George Washington Carver School

    Public | PK - 8

  • 3

    Anton Grdina School

    Public | PK - 8

Middle Schools 4
  • 5

    Roxboro Middle School

    Public | 6 - 8

  • 4

    Horizon Science Academy-Cleveland Middle School

    Public | 6 - 8

  • 0

    The School of One

    Public | 8 - 12

  • 0

    Citizens Leadership Academy

    Public | 6 - 8

High Schools 20
  • 9

    Cleveland Early College High School

    Public | 9 - 12

  • 9

    Cleveland School of Science and Medicine

    Public | 9 - 12

  • 8

    Cleveland School for Architecture and Design

    Public | 9 - 12

  • 5

    Horizon Science Academy Cleveland

    Public | 9 - 12

  • 5

    Cleveland School of the Arts

    Public | 9 - 12

  • 4

    Glenville High School

    Public | 9 - 12

  • 2

    Design Lab @ Jane Addams

    Public | 9 - 12

  • 2

    East Technical High School

    Public | 9 - 12

  • 2

    New Technology Hs@East Tech

    Public | 9 - 12

  • 1

    Jane Addams Business Careers Center

    Public | 9 - 12

  • 1

    Health Careers Center High School

    Public | 9 - 12

  • 0

    Invictus High School

    Public | 9 - 12

  • 0

    Nexus Academy of Cleveland

    Public | 9 - 12

  • 0

    Believers Academy Program

    Private | 9 - 12

  • 0

    Life Skills High School of Cleveland

    Public | 9 - 12

  • 0

    St Martin de Porres High School

    Private | 9 - 12

  • 0

    Law & Municipal Careers @ Mlk

    Public | 9 - 12

  • 0

    Langston Hughes High School

    Public | 9 - 12

  • 0

    Benedictine High School

    Private | 9 - 12

  • 0

    Montessori High School at University Circle

    Private | 9 - 12

School and business data provided by Attom Data.
Brian Marshall

Brian Marshall

Agent | License ID: RS349041

+1(304) 559-9039

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1862 E 81st ST