Franklin Manor is a well-established multifamily property located in the vibrant Ohio City neighborhood of Cleveland, Ohio. This 15-unit residential building offers a unique opportunity for investors and owner-operators seeking stable cash flow in a rapidly appreciating market. Situated on the historic and highly trafficked Franklin Boulevard corridor, the property benefits from excellent visibility, convenient access to local amenities, and proximity to downtown Cleveland. Property Overview Address: 5212 Franklin Boulevard, Cleveland, OH 44102 Units: 15 residential apartments Location & Neighborhood Franklin Manor sits within Ohio City, Cleveland’s most sought-after neighborhood. Known for its vibrant cultural scene, historic architecture, and dynamic mix of residential and commercial activity, Ohio City continues to attract young professionals, artists, and families. Residents enjoy easy access to: - Trendy restaurants, breweries, and coffee shops - Boutiques, galleries, and specialty stores - Public transit options connecting to downtown and greater Cleveland - Nearby parks and green spaces, including the Cuyahoga River waterfront - Proximity to Cleveland’s central business district and major employment hubs Investment Highlights - Stable income stream: The property is fully leased with a diversified tenant base, providing reliable cash flow. - Value-add potential: Opportunity exists to increase rents and improve operating efficiencies through targeted renovations and modernizations. - Development upside: Zoned 2F, allowing for two-family residential use by right. While the existing 15 units may be legal non-conforming or permitted through previous approvals, the property offers upside potential with the City of Cleveland for redevelopment or expansion, subject to municipal approval. - Strong market fundamentals: Ohio City’s residential rental market benefits from low vacancy rates and increasing demand due to urban revitalization efforts. - Location advantages: High walkability and access to amenities contribute to tenant satisfaction and retention. Condition & Features Franklin Manor is well-maintained and features a mix of unit sizes suitable for diverse renter profiles. Common areas and exterior grounds offer room for improvements that could boost property appeal and value. Sales Opportunity This offering represents a rare chance to acquire a significant multifamily asset in a highly desirable Cleveland neighborhood with both stable cash flow and meaningful upside. Whether you’re an investor seeking a turnkey income property or a developer exploring potential repositioning, Franklin Manor provides a compelling opportunity in the heart of Ohio City.