$375,000

About this home

Expand your investment portfolio with this 6-unit brick apartment building in Cleveland Heights! This commercial property offers spacious layouts, existing rental income, & an opportunity to increase occupancy with a renovated vacant unit. Each apartment features 2 bedrooms, 1 full bathroom, a generous living room, & a functional kitchen with an adjoining dining area, providing a comfortable layout for everyday living. The property features vinyl windows, updated electrical panels, & individual in-suite furnaces & water heaters. A common laundry area adds convenience for residents, while the basement provides additional storage & potential for future improvements. An attached 6-car garage offers covered parking, further enhancing the building’s amenities. Currently vacant, Unit 4 presents an opportunity to select a new tenant & add to the property’s rental income. This spacious apartment features hardwood flooring throughout, a renovated kitchen with white shaker-style cabinets, granite countertops, & a new dishwasher. An updated bathroom with a tiled tub surround complements the refreshed kitchen, creating an appealing rental offering. Existing rental income includes Unit 1 at $750/mo with a lease through 03/31/2027; Unit 2 at $750/mo, with an increase of $920/mo. starting 11/1/26; & Unit 3 at $845/mo on a month-to-month lease. Unit 4, is vacant and the market rent is $1,100/mo. Unit 5 rents at $1,040/mo, lease is through 6/30/2027. Unit 6 rents at $1,020/mo on a month-to-month lease. Located in Cleveland Heights near the Noble Neighborhood Library, the property also benefits from the community’s parks & recreational amenities, with shopping, dining, & public transportation in the surrounding area. With six two-bedroom units, individual mechanical systems, garage parking, & a renovated vacancy, this property deserves a closer look for your next investment! Schedule your showing. No wholesalers. No Seller financing. No low ball offers.

Property details

MLS

NOWDD

MLS #

5256151

Property type

Apartment

Subdivision

Crestmore Realty Companys

Status

Active

Days on market

N/A

On market date

October 26, 2026

Stories

3

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

6

Lot size

0.2021 acres

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.