Market Overview
Healthcare Corridor Strength
The Cleveland Clinic and University Hospitals form one of the largest medical hubs in the world. These globally recognized institutions employ tens of thousands of healthcare professionals, attract patients internationally, and collaborate with Case Western Reserve University. The result: a steady, recession-resistant housing demand.
Proven StabilityThis corridor has long been a magnet for medical staff, students, and patients’ families seeking both short- and long-term housing solutions. Unlike other markets, rental demand here is not tied to seasonal trends — it is fueled by consistent healthcare growth and research-driven expansion.
Why This Market?
This corridor offers a unique blend of stability, demand, and growth unmatched in other Cleveland neighborhoods.
Investing in a multi-unit residential property here means positioning capital in a market where:
Demand is constant
Tenant quality is high
Returns are reliable
Simply put: The medical corridor is Cleveland’s most recession-proof rental market
Demand Drivers
Cleveland Clinic Main Campus
Ranked among the top hospitals worldwide
Over 22,000 employees at this location alone
Constant need for housing close to campus
University Hospitals
Premier academic medical center with thousands of medical students, residents, and faculty
Strong base of long-term renters seeking proximity
Case Western Reserve University
Over 12,000 students and faculty located within walking distance of medical campuses
Graduate and international students create a continuous pool of qualified tenants
Supporting Amenities
Cleveland Museum of Art, Severance Hall, Botanical Gardens, and cultural district nearby
Dining, entertainment, and retail all within reach — attractive to young professionals
Multifamily property in Cleveland’s emerging East 89th corridor
8-unit brick building with permit-ready expansion to 16 units
Zoning:
MF-C / MF-E with variances approved
Acquisition Options:
Option A:
Purchase existing 8-unit structure
Sale Price: $250,000
Option B:
Purchase 8-unit building plus plans and entitlements to expand to 16 units
Sale Price: $350,000