2197 Murray Hill Road,Cleveland, OH 44106
Cleveland, OH 44106
Description
Positioned in the heart of Cleveland's historic and vibrant Little Italy on Murray Hill. This exceptional investment opportunity features a rare four-property portfolio totaling 14 residential units with 28 bedrooms, along with an operational pizza shop equipped with outdoor dining space, and a unique art gallery space, with half bath. The property is supported by 20 parking spaces, an invaluable amenity in this neighborhood. The portfolio is composed of: a mixed-use building featuring the pizza shop with five 2-bedroom residential units above; an art gallery with three 2-bedroom units; a four-unit multifamily (quadraplex); and a separate duplex. This diverse unit mix provides multiple income streams and long-term upside. Located just steps from University Circle, University Hospitals, Case Western Reserve, the property benefits from strong rental demand driven by proximity to major employment hubs, cultural institutions, and the heart of Little Italy's renowned dining and arts scene. Whether you're seeking a stabilized, income-producing asset or a value-add/development opportunity in one of Cleveland's most desirable neighborhoods, this is a rare chance to own a cornerstone portfolio in Little Italy.
Details
| MLS # | 5206931 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1921 |
| Days On Site | 160 |
| Listing Provided By | Century 21 DeAnna Realty | Colin Biro |
Features
| Units | 14 |
|---|---|
| Building(s) | 4 |
| Zoning | Commercial |
| Acreage | 0.34 |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Detached, Garage, Parking Lot |
Taxes
| Tax Annual Amount | 60018 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44106 |
| Community Name | Euclid Heights |
| Listing VS Median (in Euclid Heights) | |
Price: $2,700,000 low | high Med: $0 On site: 160 low | high Med: | |
Market Activity 44106
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44106 |
| Community Name | Euclid Heights |
| Listing VS Median (in Euclid Heights) | |
Price: $2,700,000 low | high Med: $0 On site: 160 low | high Med: | |