Turn-Key 8-Unit Apartment Building. Exceptional opportunity to acquire a beautifully upgraded 8-unit apartment building offering immediate income, modernized interiors, and long-term value. Under current ownership, the property has undergone extensive capital improvements, creating a rare opportunity for investors seeking a stabilized asset with additional rent-growth potential. Multiple units have been thoughtfully renovated with updated kitchens and baths, new flooring, fresh paint, modern fixtures, and enhanced finishes that attract quality tenants and support premium rental rates. A new roof has been installed, and the on-site laundry facility has well maintained washer and dryer equipment, providing added tenant convenience and supplemental income for the owner. The property features a desirable unit mix including an efficiency, one-bedroom, and two-bedroom apartments appealing to a broad tenant base. A detached garage offers dedicated parking for each unit, creating additional supplemental income. The property is 75% leased with the exception of two vacancies (Unit #1 and Unit #4), with a blend of long-term and leased tenants providing an immediate value-add opportunity for the new owner. This is a true turnkey asset ideal for both seasoned and first-time investors looking to expand their portfolio in a high-demand rental market. Property is being sold As-Is. Seller will make no further repairs. Do not disturb tenants.
Court ordered sale. Attention Investors! Prime location & opportunity to renovate this incredible building. Conveniently located on public transportation, near Little Italy, CWRU, main campus of CC & UH and minutes to University Circle. In addition, it's close to some of the best restaurants in town. There are 10 - 2 BR units, 1 - 1 BR unit and 1 efficiency. Owner pays sewer, water & gas. Everything is set up for the new buyer to put in individual gas meters. Buyer to assume the POS which is approx. $250k. Much of the work has been completed. The City of Cleve. Hts will work with the buyer in establishing a much lower POS, approx. $10k, when they see the buyer's proposal for renovations - scope of work. All tenants are month to month with no leases. Units are under rented for the area. The gas company did a new line from the street to the building several years ago. This is a great opportunity for cash buyers or those with a rehab loan. Proof of funds or preapproval letter before showing will be approved. Need a minimum of 24 - 48 hours' notice to show.
Entrepreurs ALERT! Expand your Business Enjoy your Profits$$$ in one of the Most Booming Business Areas in Northeast Ohio! Mayfield Road is a gateway to the Growing Cleveland Heights Community and provides easy access to University Circle which features Case Western University,'University Hospital,Cleveland Clinic,Little Italy, Cleveland Clinic, Art Musuem and More! This Solid Spacious Retail Commerical Building is in the perfect location to experience and enjoy the growing retail opportunities in Cleveland Heights. The Building is close to the active Coventry Street and only minutes close to the booming Lee Road area and more! Building has attractive store front with 2 double spaces which can allow you to expand your business or consider 2 different businesses at one location. Building has a huge storage area,bath facilities for each side and plenty of space for customers and your opportunity to Grow your Business, Create your Dream and Enjoy your Profits$$$. Now is the Time to turn your Enterpreneurial Creativity into Cash!
Incredible investment opportunity to acquire a stand-alone, true NNN building located in the heart of Cleveland Heights at the high-traffic corner of Cedar and Taylor! This property has been occupied by the same reliable tenant for the past 10 years, with a current lease in place for another 5 years. The tenant pays $5,000 per month and covers all expenses, including taxes, insurance, and utilities, making this a completely hands-off, worry-free investment. Rarely do opportunities like this come available. Secure a stable, low-maintenance property in a prime Cleveland Heights location today!
Welcome to this updated 12-unit multifamily investment opportunity, ideally located . The L-shaped building features three separate addresses. 989 Oxford Rd, 2521 Noble Rd, and 2525 Noble Rd with 2521 Noble Rd serving as the main address for county records and water/sewer services. Unit Breakdown: 4 One-Bedroom Units: Located at 989 Oxford Rd, Units A1 through A4 ,8 Two-Bedroom Units: 2521 Noble Rd, Units B1 through B4 2525 Noble Rd, Units C1 through C4, Building Features: Separately metered gas and electric for each unit, Individual furnaces in each unit for tenant-controlled heating, Three shared laundry rooms, one for each 4-unit section, each housing a water heater (one replaced in March 2025), 12 garages plus a maintenance shed, New roof installed in 2024, All new windows throughout the building. Complete interior remodels in every unit, including: New flooring, Updated walls and finishes, Modern fixtures and lighting, New appliances.
PORTFOLIO SALE! Incredible opportunity to acquire 18 units in one of Cleveland’s premier east side suburbs! Ideally located in Cleveland Heights, this portfolio is perfect for the investor looking for the opportunity for instant cashflow and scale. 16 individual properties totaling 18 units make up this portfolio. Currently, 14 units are occupied and bringing in over $20,000 per month with a significant amount of upside through applying for rent increases via section 8 and rehabbing/leasing the vacant units! The current occupants are section 8 tenants, meaning a new owner will be happy with consistent and essentially “guaranteed” rent collections. Based on proforma rents in the area, a new owner should easily be able to get this portfolio to gross over $28,500+ per month with little effort! With the majority of units being 3 bedrooms, rents can easily be pushed and NOI increased. Based on estimated expenses, at a cap rate of 7% on proforma numbers, the value of this portfolio should easily exceed $2.85M! In addition, all tenants are month to month, allowing a buyer to immediately implement their business plan and increase rents across the board. Tenants are currently responsible for their own electricity, gas, trash and lawn care. Owner pays water/sewer at all properties.
Look at this 10 UNIT BRICK apartment building in the heart of Cleveland Heights! This charming property offers 10 one bedroom/one bath units! Cash flowing! 7 out of 10 units occupied! Built in 1930- Classic ALL brick construction with 25 plus combined parking spaces! Professional Property Management in place! Current rents: $700/$775/$775/$775/$800/$795/$900 on leases and pay their own electric. Nice parking lot with 25 combined parking spaces! Rent Roll/Expenses in supplements or available upon request. Updates include: ALL units renovated rent ready except 1 unit in basement (untouched)- with 2 vacant units ready for your tenant, 2023 full gas line repairs throughout building over $12K done, Brand New Boiler December 2025! 98% all newer plumbing with PEX or Copper! POS in supplements, funds already escrowed to cover this, as is, buyer to assume. Great Property! High rental demand area! Great location with 12 minutes from Downtown Cleveland, close to Case Western University, parks, shopping, world renown hospital systems: University Hospitals and Cleveland Clinic, museums and more!
Look at this BRICK 14-Unit Apartment Complex in the heart of Cleveland Heights! This property features 14 units including a mixture of one bedroom and two bedroom units. 92% occupied! The building has a brand new boiler just replaced in November of 2023. Units renovated rent ready with 2 vacant units already renovated and ready to occupy! Turnkey and ready to go! ALL plumbing newer throughout building with PEX or Copper! Parking lot offers 25+ parking spaces! Great Property! High rental demand area! POS, Rent Roll/expenses in supplements or available upon request! Funds for POS are already held in escrow! Great location with 12 minutes from Downtown Cleveland, close to Case Western University, parks, shopping, world renown hospital systems: University Hospitals and Cleveland Clinic, museums and more! Don't miss out on this opportunity! Please email co-listing agent with any questions.
Incredible opportunity to purchase a newly rehabbed and turnkey 11 (potentially 12!) unit apartment building in one of Cleveland's hottest east side suburbs! Located right in Coventry Village, this property's proximity to schools, entertainment and employment is second to none. Just seconds walk to all the entertainment Coventry Village has to offer and minutes drive to Little Italy, Cedar Hill, Case Western Reserve, University Hospitals and Cleveland Clinic, this property is positioned for long term stability, consistently high occupancy, rent growth. The owner has recently finished rehabbing the full building including refreshed common areas, rebuilt exterior stairways, all new vinyl windows, all newly renovated units including refinished hardwood floors, new paint, new kitchens and bathrooms, a buyer will simply need to take over and continue lease up. In addition, professional management that is extremely familiar with the building and area, are already in place and have begun leasing. Current management would like to stay on and offer a seamless transition for a new owner. Currently 8 units are leased (currently grossing $5,925), with leasing still in progress and will continue. In addition, there is a potential 12th unit currently used for storage that a buyer can convert for additional income! Proforma, this property has the potential for over $75,000 annually in NOI. At a 7% cap rate, that's a proforma value of over $1M! Tenants are responsible for their own electric and gas, the owner is responsible for water/sewer, gas for the boiler heat, common electric and trash.
Cleveland Heights is located in Ohio. Cleveland Heights, Ohio has a population of 45,267. Cleveland Heights is less family-centric than the surrounding county with 20.55% of the households containing married families with children. The county average for households married with children is 23.83%.
The median household income in Cleveland Heights, Ohio is $62,823. The median household income for the surrounding county is $55,109 compared to the national median of $69,021. The median age of people living in Cleveland Heights is 36.5 years.
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 21.5 degrees. The average rainfall is approximately 38.3 inches per year, with 67.8 inches of snow per year.
