Commercial Real Estate for Sale at 1947-1949 Coltman in Cleveland, OH for $950,000

Listing data updated September 3, 2025 - 7:11pm
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1947-1949 Coltman | Cleveland

$950,000 | 0.0 Sq. Ft.

Here is your chance to own a rare set of BRICK Quadplexes right next to each other in the heart of Little Italy!! This set of 8 total units is 100% occupied and bringing in a total of $7,690/month in gross rent! Many of these units are due for a rent raise with the lower rents in the building under the $850/month mark should be pushing out similar rents as the other units in the building at $1,100\u002B/month. This has the ability to bring in around the $9,000/month mark in gross rent! There is a shared driveway in between both buildings allowing for of off street parking which is rare in Little Italy. There is 2 garage spots and additional covered parking spots in the back as well. The building is beautifully crafted brick construction with newer vinyl windows throughout. The buildings have recent capex and other improvements including appliances, well maintained roofs, some newer furnaces/mechanicals and more. *1949 has laundry that is coin operated which could be setup to bring in additional income. Come check out 1947-1949 Coltman today MLSNow 5129455

Directions to property: North off Mayfield road

MLS Listing ID: 
MLSNow 5129455
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$950,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland
Address: 
1947-1949 Coltman, Cleveland, OH 44106
County: 
Cuyahoga
Latitude: 
41.5100650
Longitude: 
-81.5982060
Directions: 
North off Mayfield road
Public Remarks: 
Here is your chance to own a rare set of BRICK Quadplexes right next to each other in the heart of Little Italy!! This set of 8 total units is 100% occupied and bringing in a total of $7,690/month in gross rent! Many of these units are due for a rent raise with the lower rents in the building under the $850/month mark should be pushing out similar rents as the other units in the building at $1,100\u002B/month. This has the ability to bring in around the $9,000/month mark in gross rent! There is a shared driveway in between both buildings allowing for of off street parking which is rare in Little Italy. There is 2 garage spots and additional covered parking spots in the back as well. The building is beautifully crafted brick construction with newer vinyl windows throughout. The buildings have recent capex and other improvements including appliances, well maintained roofs, some newer furnaces/mechanicals and more. *1949 has laundry that is coin operated which could be setup to bring in additional income. Come check out 1947-1949 Coltman today
Community Information
School District: 
Cleveland Municipal - 1809
Building Details
Details about the building on a property.
Year Built: 
1900
Living Area: 
0.0
Basement: 
Common Basement
Construction
Roof: 
Asphalt,Fiberglass,Flat
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.09
Lot Size (Area): 
0.09
Lot Features
Parking Type: 
On Site,Outside,Paved,On Street
Public Record
Parcel Number: 
120-30-046
Annual Tax: 
$22,141.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Joshua Janus
Listing Office Name: 
Key Realty

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