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$385,000
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Property Description
Turnkey, 5-Unit Apartment Building! This fully occupied, this lead-certified 5-unit multifamily property delivers a strong 10.36% cap rate and consistent cash flow from day one. All units have been completely renovated, and several are subsidized or Section 8 eligible, offering reliable rent payments and smooth inspection compliance. Each unit includes assigned parking, ensuring ease of access for tenants. An unfinished attic presents the opportunity to add a 6th unit, further increasing ROI. Ideally located directly across from the newly constructed Clark School and Clark Recreation Center, this asset benefits from continued neighborhood growth and rising rental demand. A rare combination of strong current returns, low maintenance, and clear upside-perfect for investors looking to scale their portfolio with a high-performing, future-ready asset.
Full Property Details
Full Property Details for 5711 Clark Ave
General
- Sold For: $385,000
- Taxes: $5,254 (2024)
- Status: Closed
- Type: Commercial Residential Facility
- Source: 505
- MLS ID: 5126734
- Added to Site: 92 day(s) ago
Business
- Business Type: Residential
Rooms
Other Rooms
- Laundry: Coin-operated
Parking
- Garage: Yes
- Total Spaces: 5
- Parking Features: Driveway, Garage
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Diodate Clarks
- Driving Directions: Right off of W 58th and Clark Ave
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Basement: Yes
- Basement Desc.: Common Basement
- Roof: Asphalt
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1910
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.1727
- Lot Size: .1727
- Lot Size Source: Assessor
Financial Considerations
- Other Assoc Fees: $2,400
- Operating Expenses: $16,146
- Tax Amount: $5,254
- Tax Year: 2024
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 47 CLARK 0040 NWP
- Property ID: 016-11-022
Listed and Sold by Realuxe Ohio, Sabrina R Semidey
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Schools
Schools serving 5711 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 | 0.2 mi |
Waverly Elementary School 1805 West 57th Street, Cleveland, OH 44102 | PK-8 | 0.9 mi |
Walton School 3409 Walton Avenue, Cleveland, OH 44113 | PK-8 | 1 mi |
Joseph M Gallagher School 4016 Woodbine Avenue, Cleveland, OH 44113 | PK-8 | 1.2 mi |
Garrett Morgan School of Engineering & Innovation 4600 Detroit Avenue, Cleveland, OH 44102 | 9-12 | 1.3 mi |
Paul L Dunbar Elementary School @ Kentucky 2159 West 29th Street, Cleveland, OH 44113 | PK-8 | 1.4 mi |
Almira 3375 West 99th Street, Cleveland, OH 44102 | PK-8 | 1.4 mi |
Marion C Seltzer Elementary School 1468 West 98th Street, Cleveland, OH 44102 | PK-8 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5711 Clark Ave
Date
Details
Price
Change
Source
12/22/2025
Sold
$385,000
-3.51%
MLS
10/16/2025
Listed
$399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5711 Clark Avenue, Loveland, OH 44102 (MLS# 5126734) is a Commercial Residential Facility property that was sold at $385,000 on December 22, 2025. Want to learn more about 5711 Clark Avenue? Do you have questions about finding other Commercial Residential Facility real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

