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1456 W 85th St
1456 W 85th St
Cleveland, OH 44102
About
3-unit triplex located in Cleveland, Ohio. All units were fully renovated in 2009, with Unit 2 renovated again in 2019 including new mechanicals, along with modern electrical panels, updated fixtures throughout, one hot water tank from 2019 and two others under 10 years old, and furnaces from 2009. Unit 1 is occupied on a 1-year lease from 10/01/2025 to 09/30/2026 at $834.75 per month plus $25 pet rent with a $834.75 security deposit. Unit 2 is occupied on a 6-month lease from 03/01/2026 to 08/31/2026 at $995 per month with a $995 security deposit. Unit 3 is occupied on a lease renewal starting 07/30/2025 and is currently month-to-month at $936.09 per month with a $1,490 security deposit.
Property Management
BAM LLC
Bailey is an investor whose main focus is multifamily real estate. He has been investing with Lofty since 2022.
Due Diligence Documents
About this offering
The Market
Cleveland, Ohio
Cleveland offers some of the most affordable housing of any major U.S. metro, backed by world-class healthcare employers like Cleveland Clinic and University Hospitals, plus Case Western Reserve University. West Side neighborhoods offer easy access to downtown, Lake Erie beaches, and the Metroparks. Playhouse Square, three pro sports teams, and the RTA rapid transit line add to the appeal, while a large renter population supports steady demand.
Property Updates
Governance Results for 1456 W 85th St:
The Governance Voting results are back for the owner-proposed vote.
The winning vote is:
Replace furnace with 360 Heating and Cooling
This option received 759 / 909 votes which is equal to 83.49% of the total votes.
The voting results can be found on chain here or by searching the application ID: 3678385753
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
1456 W 85th St
Cleveland, OH 44102
About
3-unit triplex located in Cleveland, Ohio. All units were fully renovated in 2009, with Unit 2 renovated again in 2019 including new mechanicals, along with modern electrical panels, updated fixtures throughout, one hot water tank from 2019 and two others under 10 years old, and furnaces from 2009. Unit 1 is occupied on a 1-year lease from 10/01/2025 to 09/30/2026 at $834.75 per month plus $25 pet rent with a $834.75 security deposit. Unit 2 is occupied on a 6-month lease from 03/01/2026 to 08/31/2026 at $995 per month with a $995 security deposit. Unit 3 is occupied on a lease renewal starting 07/30/2025 and is currently month-to-month at $936.09 per month with a $1,490 security deposit.
Property Management
BAM LLC
Bailey is an investor whose main focus is multifamily real estate. He has been investing with Lofty since 2022.
Due Diligence Documents
Offering Details
The Market
Cleveland, Ohio
Cleveland offers some of the most affordable housing of any major U.S. metro, backed by world-class healthcare employers like Cleveland Clinic and University Hospitals, plus Case Western Reserve University. West Side neighborhoods offer easy access to downtown, Lake Erie beaches, and the Metroparks. Playhouse Square, three pro sports teams, and the RTA rapid transit line add to the appeal, while a large renter population supports steady demand.
Property Updates
Governance Results for 1456 W 85th St:
The Governance Voting results are back for the owner-proposed vote.
The winning vote is:
Replace furnace with 360 Heating and Cooling
This option received 759 / 909 votes which is equal to 83.49% of the total votes.
The voting results can be found on chain here or by searching the application ID: 3678385753
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Not paying rent right now
Right now this home's rent goes toward costs such as repairs, refilling the operating reserve, or covering a vacancy.
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$2,245.62
Monthly Rent
$2,245.62
Monthly Expenses
$0.00
Paid to investors
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.