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2197 Murray Hill Road, Cleveland, OH 44106

$2,700,000
  • 2197 Murray Hill Road, Cleveland, OH 44106 Main Photo
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New to the Market Active
MLS#5206931
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONEuclid Heights SCHOOLCleveland Municipal - 1809

Property Description

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.

2197 Murray Hill Road | MLS# 5206931

This commercial property located at 2197 Murray Hill Road, Cleveland, OH 44106 is currently listed for sale with an asking price of $2,700,000. Murray Hill Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on christrease.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Heating: Hot Water, Steam
Lot Size: 0.34 Acres
Roof Type: Asphalt, Fiberglass, Flat
Taxes: $60,018 / year
Year Built: 1921

Feature Descriptions

Parcel#: 121-07-006
Parking: Detached, Garage, Parking Lot
Sewer: Public Sewer
Units: 14
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Listed By / Shown By

Listed By

Agency Name: Century 21 DeAnna Realty
Agency Phone: 440-731-8070

Shown By

Agent Name: Chris Trease
Agent Phone: (419) 564-4841 Cell
Agency Title: Key Realty

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