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$1,500,000

  • For Sale
  • Active
  • Commercial
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PORTFOLIO SALE! Incredible opportunity to acquire 18 units in one of Cleveland's premier east side suburbs! Ideally located in Cleveland Heights, this portfolio is perfect for the investor looking for the opportunity for instant cashflow and scale. 16 individual properties totaling 18 units make up this portfolio. Currently, 14 units are occupied and bringing in over $20,000 per month with a significant amount of upside through applying for rent increases via section 8 and rehabbing/leasing the vacant units! The current occupants are section 8 tenants, meaning a new owner will be happy with consistent and essentially "guaranteed" rent collections. Based on proforma rents in the area, a new owner should easily be able to get this portfolio to gross over $28,500+ per month with little effort! With the majority of units being 3 bedrooms, rents can easily be pushed and NOI increased. Based on estimated expenses, at a cap rate of 7% on proforma numbers, the value of this portfolio should easily exceed $2.85M! In addition, all tenants are month to month, allowing a buyer to immediately implement their business plan and increase rents across the board. Tenants are currently responsible for their own electricity, gas, trash and lawn care. Owner pays water/sewer at all properties.

Full Property Details for 1054 Nela View Rd

General

  • Price: $1,500,000
  • Taxes: $2,719 (2024)
  • Status: Active
  • Type: Commercial
  • Source: 505
  • MLS ID: 5133129
  • Updated: 12/20/2025
  • Added to Site: 145 day(s) ago

Location

  • County: Cuyahoga
  • Township: Cleveland Heights
  • Subdivision: Forest Hill
  • Driving Directions: Multiple

School Information

  • Elem School District: Cleveland Hts-Univer - 1810
  • Midd School District: Cleveland Hts-Univer - 1810
  • High School District: Cleveland Hts-Univer - 1810

Heating & Cooling

  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Year Built: 1923
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.1303
  • Lot Size: .1303
  • Lot Size Source: Assessor

Financial Considerations

  • Tax Amount: $2,719.14
  • Tax Year: 2024

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: 12 FOR HI OVLK 0246 ALL
  • Property ID: 681-05-035

Listed by Key Realty, Michael Orlando

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Listing agent

— 1054 Nela View Rd —

  • Michael Orlando

    Key Realty

mjorlando1994@gmail.com 216-956-1884

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1054 Nela View Rd

School District:East Cleveland City School District
NameGradesDistance
Shaw High School
15320 Euclid Avenue, East Cleveland, OH 44112
9-120.8 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 1054 Nela View Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/20/2025
Price Reduced
$1,500,000
-16.67%
MLS
10/16/2025
Listed
$1,800,000
36634.69%
MLS
10/23/2013
Sold
$4,900
—
Public Record
Get Price Alerts and Save Property
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 for 1054 Nela View Rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,628
-3%
$43,060
85%
2023
$2,719
32%
$23,320
—
2022
$2,055
-8%
$23,320
—
2021
$2,240
18%
$23,310
11%
2020
$1,904
-9%
$21,000
—
2019
$2,092
-8%
$21,000
—
2018
$2,284
-58%
$21,000
-15%
2017
$5,441
134%
$24,820
—
2016
$2,325
4%
$24,820
—
2015
$2,230
413%
$24,820
373%
2014
$435
-78%
$5,250
-79%
2013
$2,020
—
$25,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Key Realty, Michael Orlando

1054 Nela View Road, Cleveland Heights, OH 44112 (MLS# 5133129) is a Commercial property. 1054 Nela View Road is currently listed for $1,500,000 and was received on October 16, 2025. Want to learn more about 1054 Nela View Road? Do you have questions about finding other Commercial real estate for sale in Cleveland Heights? You can browse all Cleveland Heights real estate or contact a Coldwell Banker agent to request more information.

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