Property Details:

• Listing Type: Sale
• # Floors: 2
• Heat: Other
• AC: Gas
• Parcel Number: 312-15-063

Property Description:

10,306 SF multi-family building with 13 units positioned on the Clifton Boulevard corridor, a premier transit-oriented node offering direct RTA connectivity to Downtown Cleveland’s extensive employer base. Residents benefit from a highly convenient, transfer-free commute, driving sustained housing demand from regional professionals. Lakewood maintains a consistently tight 3.6% submarket vacancy rate, reflecting exceptionally strong renter demand. As one of Ohio’s most densely populated and walkable cities, this scarcity preserves high physical occupancy and provides a secure investment environment with limited new supply risk. Lakewood’s high-density development and lack of available land create permanent barriers to new construction. With zero large-scale multifamily projects currently underway, the scarcity of existing vintage multi-family assets preserves valuation and protects against future market saturation. The submarket benefits from its status as a highly walkable community, boasting a 69 Walk Score with immediate access to the Detroit Avenue commercial spine. Proximity to the Lake Erie waterfront, Lakewood Park, and connecting bike paths to the Metroparks provides a prime lifestyle advantage that underpins strong property valuations.

More Information:

• 14801 Clifton Boulevard Teaser.pdf

Listing Agents:

David Leb

Max Ferguson