1386 W 91ST ST, CLEVELAND, OH 44102 For Sale

Rare all-two-bedroom four-unit investment offering immediate income and substantial mark-to-market upside in Cleveland’s established 44102 rental corridor. The property currently generates approximately $2,795 per month, or $33,540 annually, from three occupied units, with one vacant two-bedroom apartment providing an immediate lease-up opportunity. Existing occupied rents of approximately $925 to $945 per month remain materially below nearby two-bedroom asking rents ranging from $1,200 to $1,395 per month.

Nearby offerings include two-bedroom apartments asking $1,295, $1,345 and as high as $1,395 per month, supporting a clear path toward substantially higher revenue as units are leased and renewed. At an illustrative stabilized target of approximately $1,300 per unit, gross scheduled rent could reach approximately $5,200 per month, or $62,400 annually—nearly $28,900 above the current annualized rent roll.

The property’s consistent all-two-bedroom unit mix, durable brick construction, expansive covered porches, spacious interiors, preserved woodwork and refreshed kitchens, bathrooms and flooring create a highly marketable rental product. The investment strategy is direct and manageable: lease the remaining vacancy, preserve existing cash flow, reposition below-market rents over time and increase NOI through disciplined operational management.

All-Two-Bedroom Unit Mix

Every apartment is configured as a two-bedroom/one-bath unit. That is the strongest feature of the deal. There are no studios or undersized one-bedroom units diluting the rent roll, and the consistent configuration simplifies leasing, management and future rent positioning.

Immediate Income With Built-In Lease-Up

Three units provide in-place income from day one, while the single vacancy gives a purchaser an immediate opportunity to increase gross revenue without waiting for existing residents to turn over.

Approximately 32% Gross-Revenue Upside

The seller-provided underwriting indicates a path from $33,540 in current annual rent to approximately $44,340 at stabilization—an increase of roughly $10,800 annually before any longer-term rent growth.

Diversified Four-Unit Income

The fourplex format provides better income diversification than a duplex. One vacancy still leaves the property 75% occupied, reducing the all-or-nothing income interruption associated with smaller two-unit assets.

Strong Physical Rental Product

The property offers classic brick construction, large covered porches, spacious rooms, substantial original wood trim and a combination of hardwood and updated plank flooring. The available photography also shows refreshed kitchens and bathrooms that present far better than the exterior initially suggested.

Manageable Value-Add Strategy

This is not a massive redevelopment story. The most immediate value creation comes from leasing the remaining unit, confirming collections, improving exterior presentation and progressively standardizing the interiors as units turn.

West-Side 44102 Positioning

The Cleveland 44102 location gives us a recognizable west-side rental address that is easier to market than many of the city’s lower-basis east-side fourplexes. The story should be all-two-bedroom income, brick construction and controlled lease-up—not speculative neighborhood appreciation.

DISCLAIMER: This marketing material has been prepared by Russell Commercial Advisory (“RCA”), Russell Real Estate Services, and Justin Campbell solely for general informational and marketing purposes. Certain photographs, renderings, landscaping, lighting, skies, building features, finishes, site conditions, or surrounding elements may have been digitally enhanced, altered, staged, generated, or otherwise modified for illustrative purposes and may not accurately depict the property’s current or future condition.

No warranty or representation, express or implied, is made regarding the accuracy, completeness, reliability, or future performance of any photograph, rendering, property description, comparable sale, rental rate, projected income, expense, valuation, renovation concept, investment return, zoning classification, square footage, condition, or other information presented herein. Information has been obtained from sources believed to be reliable, including owners, public records, MLS data, and third parties, but has not been independently verified and is subject to errors, omissions, prior sale, changes in price or terms, withdrawal from the market without notice, and any special conditions imposed by the property owner.

Any investment analysis, comparable-sale discussion, rental projection, renovation scenario, or potential resale value is illustrative only and does not constitute an appraisal, guarantee of value, financial advice, tax advice, legal advice, construction estimate, or assurance of future income or investment performance. RCA, Russell Real Estate Services, Justin Campbell, and their respective agents and representatives have not conducted engineering, environmental, structural, zoning, code-compliance, title, survey, or property-condition investigations unless expressly stated in writing.

Prospective purchasers and investors must independently verify all information and conduct their own inspections, due diligence, financial analysis, and consultation with appropriate legal, tax, lending, appraisal, architectural, engineering, zoning, insurance, and construction professionals before making any decision. The property is offered subject to its actual condition, applicable contracts, governmental requirements, and the owner’s final approval. All dimensions, rents, expenses, values, projections, renovation plans, and investment outcomes are estimates only and are not guaranteed.

Ohio advertising materials should display the licensed brokerage name at least as prominently as the salesperson’s name, so the final layout should keep Russell Real Estate Services equal to or more prominent than Justin Campbell.