2151 Professor Ave - Apartments FOR SALE


Cleveland, OH 44113- Tremont
$1,100,000 USD
440-429-4212
2151 Professor Ave, Cleveland, OH for Sale
$1,100,000 USD
Apartments - FOR SALE
1/20
null | 6% Cap Rate

2151 Professor Ave
Cleveland, OH 44113
Tremont


HIGHLIGHTS

  • This property features retail storefront space (~1,350?sq?ft) with three residential-ideal for owner-occupiers or multi-revenue investment scenarios
  • The retail component includes seven private parking spaces for customers, with immediate proximity to I-90 (0.2?mi), ensuring excellent visibility an
  • This location offers direct access to dining, nightlife, and cultural attractions, including Dante, Barrio Tacos, Ginko, and The Treehouse
  • Units offer renovation or cosmetic upgrade opportunities to further increase rents and long-term returns.
  • Immediate access to RTA bus lines, I-90, and Lorain Avenue make commuting and connectivity a breeze.

OVERVIEW

Discover a rare opportunity to own a mixed-use asset in the heart of Tremont—one of Cleveland’s most vibrant and walkable neighborhoods. 2151 Professor Avenue is ideally situated on a prime corner lot with excellent visibility, foot traffic, and proximity to some of the city's best dining, retail, and cultural destinations. This unique property features a well-maintained street-level retail space, currently built out for commercial use, along with a spacious and updated residential unit above. A separate duplex structure at the rear of the property adds additional rental income potential, making this an ideal investment for owner-users or investors seeking a foothold in one of Cleveland’s strongest submarkets.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

6%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Professor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,877 SF

ZONING

GR

APN/PARCEL ID

004-15-042

ASK ABOUT THIS PROPERTY

Matthew SpringerMy Place GroupMore Info
440-429-4212

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Matthew SpringerMy Place GroupMore Info
440-429-4212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.