Commercial $ 2,700,000

2197 Murray Hill RD

Cleveland, OH 44106

  • 0.34 Lot Size
  • 1921 Year Built
Positioned in the heart of Cleveland's historic and vibrant Little Italy on Murray Hill. This exceptional investment opportunity features a rare four-property portfolio totaling 14 residential units with 28 bedrooms, along with an operational pizza shop equipped with outdoor dining space, and a unique art gallery space, with half bath. The property is supported by 20 parking spaces, an invaluable amenity in this neighborhood. The portfolio is composed of: a mixed-use building featuring the pizza shop with five 2-bedroom residential units above; an art gallery with three 2-bedroom units; a four-unit multifamily (quadraplex); and a separate duplex. This diverse unit mix provides multiple income streams and long-term upside. Located just steps from University Circle, University Hospitals, Case Western Reserve, the property benefits from strong rental demand driven by proximity to major employment hubs, cultural institutions, and the heart of Little Italy's renowned dining and arts scene. Whether you're seeking a stabilized, income-producing asset or a value-add/development opportunity in one of Cleveland's most desirable neighborhoods, this is a rare chance to own a cornerstone portfolio in Little Italy.
Listed by Colin Biro of Century 21 DeAnna Realty

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Mixed Use

    Listing Status Active

    Purchase Type For Sale

    Subdivision Euclid Heights

    MLS Listing ID 5206931

    HOA Y/N No

    Year Built 1921

    Annual Tax Amount $60,018

    Tax Year 2025

    Lot Size 0.339 Acres

    Acres 0.339

    Property Sub-Type Mixed Use

  • Location

    State OH

    County Cuyahoga

  • Building

    Sewer Public Sewer

    Water Public

  • Interior

    Heating Hot Water, Steam

    Fireplace No

  • Exterior

    Parking Features Detached, Garage, Parking Lot

    Water Access Desc Public

    Roof Type Asphalt,Fiberglass,Flat

    Total Parking Spaces 20

  • Schools

    School District Cleveland Municipal - 1809

  • Others

    Tax ID 121-07-006

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

    Special Listing Condition Standard

CONTACT

Todd Berrien
Todd Berrien

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