1381 E 84 Street, Cleveland, OH 44103
Cuyahoga County
Key Facts
Description
Attention investors! Outstanding value-add opportunity with affordable 7-unit brick apartment building being offered at a price designed for a quick sale. Foreclosure property is being sold strictly "as-is" (limited information available), making it an ideal project for experienced investors looking to build equity and maximize returns. Building appears to consist of seven spacious 1-bedroom units and has benefited from some updates over the years, including vinyl replacement windows, but additional repairs and improvements are needed. Three long-term occupants currently reside in the building. No leases are available, and it will be the responsibility of the new owner to establish lease agreements if desired. Current occupants have helped maintain & secure the property during the transition period. Separate gas & electric meters are in place for each unit, one water meter serving the building. Electric heat appears to be installed in the individual units, while ranges & water heaters appear to be gas. Water service is currently active; however, no other utilities are on accept water. Water heaters require replacement. Ample parking, a quiet setting & strong rental demand add to the appeal. Similar spacious 1-bedroom units in the area can command approximately $700 per month, with tenants typically responsible for gas and electric expenses. Investors willing to complete the needed improvements will significant upside potential and attractive future cash flow. Property is being conveyed free & clear of liens. Showing opportunities are limited but can be accommodated. Seller has limited knowledge of the property's condition, & buyers should perform their own due diligence. Excellent opportunity to acquire a brick multifamily asset with substantial upside potential at a below-market price. Don't miss this chance to add a value-add apartment building to your portfolio. Qualified buyers only please, no owner financing available.
Property Information
Property Type
Commercial Sale
Sub-Type
Apartment
Year Built
1920
Living Area
6,661 sq ft
Lot Size
0.09 acres
MLS® Listing#
5217052
Property Features
Cooling
Heating
Basement
Fencing
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$2,514
Tax year 2025
Parcel Number
106-07-125
Directions
off 84th
Affordability Calculator
$37,000
Estimated monthly payment
$985/mo
Principal $148,000 · Est. interest $206,473 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cleveland, OH
- 49
- Median Days on Market
- 1,821
- Median Sq Ft
- $98
- Median Price / Sq Ft
- 1,402
- Active Listings
- Its price per sq ft is 72% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cleveland, OH.
Location
Points of Interest in Cleveland, OH
Showing the Cleveland area map.
Nearby Schools
East High School
Secondary · 0.2 mi away
Cleveland Metropolitan School District Schools Pre K/K 8
Secondary · 0.2 mi away
East Professional Center, Cleveland
School · 0.2 mi away
Daniel E Morgan School
Elementary · 0.2 mi away
Wade Park
School · 0.3 mi away
St. Thomas Aquinas School
School · 0.3 mi away
John W Raper Elementary School
Elementary · 0.4 mi away
Willson School
Elementary · 0.4 mi away
St Francis School
School · 0.5 mi away
Mary B Martin School
Elementary · 0.7 mi away
Citizen's Leadership Academy
School · 0.8 mi away
Michael R White
School · 0.8 mi away
Hawken School
School · 1.0 mi away
Cleveland Metropolitan School District Schools Pre K/K 8
School · 1.0 mi away
Mastery School of Hawken
Secondary · 1.1 mi away
Wade Early Learning Center
School · 1.1 mi away
Margaret A Ireland Elementary School
Elementary · 1.2 mi away
Horizon Science Academy Cleveland High School
Secondary · 1.3 mi away
Mary M Bethune
Elementary · 1.4 mi away
Cleveland School of Architecture & Design
Secondary · 1.4 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 7108 Dellenbaugh Avenue, Cleveland, OH | $129,900 | 4 | 2 | — |
| 12506 Matherson Avenue, Cleveland, OH | $129,900 | 3 | 1 | 1,138 |
| 3543 W 48, Cleveland, OH | $129,900 | 4 | 2 | 1,400 |
| 9609 Pierpont Avenue, Cleveland, OH | $129,900 | 4 | 2 | 3,727 |
| 15205 Harvard Avenue, Cleveland, OH | $129,900 | 3 | 1 | 1,899 |
| 1168 N Lockwood Avenue, East Cleveland, OH | $129,900 | 5 | 1 | — |
Moving Cost Estimate
EXIT Agents in Cleveland
Listing Courtesy: Coldwell Banker Schmidt Realty - thefrederickteam@gmail.com, 216-210-7653
Last Updated: 2026-06-09