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Tim Damiano

damisoldit@yahoo.com +1(216) 215-6589

$ 649,000

Est. payment -/mo

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2117 Fairview AVE Cleveland, OH 44106

6 Beds

2 Baths

1,948 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,948 sqft

Price per Sqft $333

Subdivision Walton Brothers

MLS Listing ID 5250673

Bedrooms 6

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,948

Year Built 1900

Annual Tax Amount $15,615

Tax Year 2025

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Duplex

Property Description

A truly rare opportunity in the heart of Cleveland's beloved and historic Little Italy! This 0.26-acre parcel offers an exceptional chance to own a piece of one of the city's most vibrant and sought-after neighborhoods. Currently situated with a duplex, the existing structure provides an opportunity to renovate and utilize the property as-is, while the size and layout of the parcel create potential for the ultimate Little Italy land opportunity: 10-Unit Luxury Development Potential OR Premier Private Estate Site, subject to zoning and applicable approvals. Positioned on an expansive 11,300+ sq. ft. corner lot, this property offers unprecedented scale, high-margin flexibility, and an elite location tailored perfectly for developers, syndicators, or a private buyer looking to build a landmark custom compound steps from CWRU and UH. For the high-yield development play, the sale includes 5 site plan scenarios, density study and zoning review, and Phase I architectural designs for a 10-door luxury micro-community engineered to yield a projected $324,000–$336,000 annually based on preliminary financial modeling. The conceptual plans layout a brand-new luxury duplex and 8 additional luxury detached 1-bedroom units with highly coveted off-street parking via integrated detached garage Spaces. The unique depth and beautiful, wooded hillside topography provide stunning natural privacy, tranquil landscaping possibilities, and a sprawling multi-car owner footprint that is otherwise impossible to find within the dense historic district. Whether utilizing the existing 1,948 sq. ft. duplex for immediate rental cash flow during planning or breaking ground immediately, this rare asset is also uniquely positioned to qualify for Cleveland's lucrative 15-year residential property tax abatement program. Designs, layout details, and site plot maps are fully available in the MLS supplements. Bring your vision and explore the possibilities this remarkable Little Italy property has to offer!

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Exterior Feature Courtyard, Private Yard

Parking Features Detached, Garage

Garage Spaces 3.0

Garage Description 3.0

Fence Back Yard

Water Access Desc Public

Roof Type Asphalt

Private Pool No

Building

Lot Description Back Yard, Corner Lot, Irregular Lot, Private, Many Trees, Sloped, Wooded

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 121-04-048

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Marty Emerman • Keller Williams Greater Metropolitan • Davida@emermanteam.com, 2169782785

Tim Damiano

Agent

+1(216) 215-6589

Tim Damiano

2117 Fairview AVE Cleveland, OH 44106

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2117 Fairview AVE