- For Sale Contact for pricing
- Property Type Multi-Family
- Property Size 294,574 SF
- Units 397
- Parking Spaces Avail. 500
- Parking Ratio 1.70 / 1,000 SF
- Year Built 1963
- Date Updated May 14, 2026
Description
397 UNITS WITH EXCELLENT VALUE-ADD UPSIDE LOCATED MINUTES FROM MAJOR EMPLOYERS IN CLEVELAND, OH
Subject to Court Authorization to Conduct Auction
Investment Highlights:
- Primed for Value-Add Upside: All 397 units are unrenovated with tile floors, laminate countertops, white cabinets, and white appliances
- Clear Path to Add Value: The top of the competitive set renovated units with backsplash, cherry cabinets, and stainless steel appliances to achieve average rents of $970/unit
- Strong Income & Demographics: $81,200 average annual household income within a 2-mile radius of the property
- Minimal New Supply: There are only 1 community under construction in the submarket
- Easy Access to Grocery: Close proximity to Walmart, Target, Aldi, and Meijer
- Close to Major Employers: FlexJet headquarters, Progressive Insurance, the Cleveland Clinic, Cleveland-Cliffs, and a large Amazon distribution center
Thomas Seaman Auctioneer License: 2007000016. Starting Bid: $2,250,000
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Contacts
RI Marketplace Marketing
RealINSIGHT Marketplace
Location
Located at 26680 Loganberry Drive, Cleveland, OH 44143, this property is part of the Richmond Heights neighborhood and Cleveland Akron market.
Contact Listing Broker
RI Marketplace Marketing
RealINSIGHT Marketplace
