2521 Noble Rd - Apartments FOR SALE


Cleveland Heights, OH 44121- Monticello-Noble
$1,299,999 USD
216-870-8687
2521 Noble Rd, Cleveland Heights, OH for Sale
$1,299,999 USD
Apartments - FOR SALE
1/88
null | Request Cap Rate

2521 Noble Rd
Cleveland Heights, OH 44121
Monticello-Noble


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,299,999 USD

PRICE/SF

$108 USD /SF

# OF UNITS

12

PRICE/UNIT

$108,333

CAP RATE

Request Cap Rate

% LEASED

42%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,410 SF

ZONING

Multifamily

APN/PARCEL ID

682-13-046

ASK ABOUT THIS PROPERTY

Tal TamirRussell Real Estate ServicesMore Info
216-870-8687

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Tal TamirRussell Real Estate ServicesMore Info
216-870-8687

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.