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$309,000 Just Listed
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Property Description
This commercial quadplex is an excellent investment opportunity! This fully occupied, income-producing mixed-use property features 2 commercial storefronts & 2 residential apartments, generating $3,600/mo in gross rental income! Both storefronts are leased to the same company, operating a barbershop & retail store, for a combined $1,100/mo. With estimated market rents of $800-$900 per storefront, investors have potential to increase future income! Each residential unit offers 2 bedrooms, 1 full bathroom, a spacious living room, functional kitchen & adjoining dining area. Both apartments have stable tenants paying $1,250/mo each, providing immediate cash flow. Extensive renovations include newer windows, updated flooring, fresh paint, appliances, new washers & dryers, newer furnaces & hot water tanks, upgraded electrical panels & service, new sewer lines & a roof approximately one year old! The basement provides additional storage & potential value-add opportunities, while the detached 2-car garage offers extra utility. A privacy fence separates tenants' backyard spaces, plus 4 rear parking spaces provide convenient off-street parking. With dependable occupancy, multiple income streams & major improvements already completed, this property offers a compelling blend of current cash flow & future upside. Separate residential & commercial spaces offer flexibility for long-term leasing strategies, adding to this property's investment appeal. Conveniently located on Cleveland's West Side near I-90, I-71 & I-490, MetroHealth Main Campus, public transportation, schools, shops, parks, restaurants & everyday amenities. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Don't miss the chance to expand your portfolio with this renovated, fully occupied mixed-use investment! Schedule your showing! No wholesalers. No Seller financing. No low ball offers.
Full Property Details
Full Property Details for 5007 Clark Ave
General
- Price: $309,000
- Taxes: $3,472 (2025)
- Status: Active
- Type: Commercial Service
- Source: 505
- MLS ID: 5253651
- Updated: Today (10/16/2026)
- Added to Site: Today
Business
- Business Type: Barber/Beauty, Clothing
Parking
- Total Spaces: 4
- Parking Features: Parking Lot
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: James Hoyts
- Driving Directions: On Clark Avenue, between W 52nd Street and W 50th Street
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt, Fiberglass
- Stories/Levels: 2
- Current Bldg. Use: Commercial, Multi-Family
- Year Built: 1910
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1148
- Lot Size: .1148
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $3,472
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: 47 HOYT 0008 ALL
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 016-11-048
Listed by RE/MAX Haven Realty, Michael Azzam
Get Pre-Approved Today
Schools
Schools serving 5007 Clark Ave
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Clark School 5550 Clark Avenue, Cleveland, OH 44102 | PK-8 | 0.1 mi |
Max S Hayes High School 2211 West 65th Street, Cleveland, OH 44102 | 9-12 | 0.4 mi |
Orchard School 4200 Bailey Avenue, Cleveland, OH 44113 | PK-8 | 0.7 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 4 mi |
Lincoln West School Of Global Studies 3202 West 30th Street, Cleveland, OH 44109 | 9-12 | 1 mi |
Rhodes Schools of Environmental Studies 5100 Biddulph Avenue, Cleveland, OH 44144 | 9-12 | 2.7 mi |
Davis Aerospace & Maritime High School 1440 Lakeside Avenue East, Cleveland, OH 44114 | 9-12 | 3.2 mi |
Walton School 3409 Walton Avenue, Cleveland, OH 44113 | PK-8 | 0.8 mi |
Waverly Elementary School 1805 West 57th Street, Cleveland, OH 44102 | PK-8 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5007 Clark Ave
Date
Details
Price
Change
Source
10/16/2026
Listed
$309,000
312%
MLS
3/11/2025
Sold
$75,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5007 Clark Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,478
-1%
$34,195
—
2024
$3,530
-8%
$34,200
9%
2023
$3,835
-22%
$31,500
115%
2022
$4,902
235%
$14,630
—
2021
$1,463
1%
$14,630
5%
2020
$1,445
6%
$13,900
—
2019
$1,360
2%
$13,900
—
2018
$1,327
21%
$13,900
29%
2017
$1,095
—
$10,780
—
2016
$1,095
—
$10,780
—
2015
$1,098
-11%
$10,780
-12%
2014
$1,233
-11%
$12,250
-12%
2013
$1,378
—
$13,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5007 Clark Ave
5007 Clark Avenue, Loveland, OH 44102 (MLS# 5253651) is a Commercial Service property. 5007 Clark Avenue is currently listed for $309,000 and was received on October 16, 2026. Want to learn more about 5007 Clark Avenue? Do you have questions about finding other Commercial Service real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

