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$1,500,000
258 Days On Site

1054 Nela View Road
Cleveland Heights, OH 44112

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
1923
Built
Subdivision:
Forest Hill
County:
Cuyahoga
Call Now: 440-305-1223
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440-305-1223
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Monthly Payment (Est.)

$6,844
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$1,500,000
Days On Site 
258 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1303 Acres
Year Built 
1923
MLS® Number 
5133129
Status 
Active
Property Tax 
$2,719.14
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoPrice changed to $1,500,000
2 months agoListing updated with changes from the MLS®
9 months agoListing first seen on site
General Features
Acres 
0.1303
Sewer 
Public Sewer
Special Circumstances 
Standard
Water Source 
Public
Interior Features
Heating 
Forced Air
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Community Features
School District 
Cleveland Hts-Univer - 1810
Township 
Cleveland Heights
Schools
School District
Cleveland Hts-Univer - 1810
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Michael Orlando of Key Realty



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2026 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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