2899 Hampton Rd - Apartments FOR SALE


Cleveland, OH 44120- Buckeye-Shaker
$699,900 USD
440-782-6566
2899 Hampton Rd, Cleveland, OH for Sale
$699,900 USD
Apartments - FOR SALE
1/2
null | 1.57% Cap Rate

2899 Hampton Rd
Cleveland, OH 44120
Buckeye-Shaker


HIGHLIGHTS

  • Fully vacant - ready for your renovation plans! Amazing opportunity in a prime location near Shaker Square but with Cleveland taxes.

OVERVIEW

Incredible Commercial Investment Opportunity Near Shaker Square & Shaker Heights! Part of Shaker Schools - an incredible bonus for residents with children. A spacious courtyard nestled between the buildings, perfect for outdoor relaxation and enjoyment. Don’t miss your chance to revitalize this stately, historic Tudor-style apartment complex located just steps from the vibrant Shaker Square and the charming community of Shaker Heights. Minutes from Downtown, University Circle, and more. This impressive 24-unit property spans two buildings with four entrances and includes three basement areas—all vacant and ready for renovation. Featuring a mix of 1-, 2-, and 3-bedroom units—some with two full bathrooms—these spacious apartments offer original hardwood floors, detailed wood trim, and functional layouts with separate kitchens, living rooms, and dining rooms. Each unit has access to both front and rear stairwells—with the front stairs fully enclosed and the rear semi-exposed. Laundry hookups in one of the basement areas. Three roughed-in "garden-level" units in the basement, offering the potential to expand to 27 total units. A complete unit breakdown by layout and location is available upon request. Photos are for illustrative purposes only; the condition of individual units may vary. With strong architectural character and generous unit sizes, this property is a rare opportunity for investors or developers seeking a high-potential value-add asset in a prime location. **No seller or creative financing available, and no assignments will be considered**. Buyers must have financing arranged and a pre-approval letter provided before submitting any offers.

FOR SALE DETAILS

PRICE

$699,900 USD

PRICE/SF

$17 USD /SF

# OF UNITS

24

PRICE/UNIT

$29,163

CAP RATE

1.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

MF-2

APN/PARCEL ID

144-10-016

ASK ABOUT THIS PROPERTY

Beth WallaceRE/MAX Real Estate GroupMore Info
440-782-6566

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Beth WallaceRE/MAX Real Estate GroupMore Info
440-782-6566

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