Property Details:

• Property Type: Multi-Family
• Listing Type: Sale
• Year Built: 1940
• Building Size (SF): 31,366
• Square Feet Available: 31,366 SF
• Submarket: Beachwood/Mayfield/Cleveland Hts Area - NE-Z3
• County: Cuyahoga County

• General Information
  • Construction Status: Existing
• Size & Area
  • Building SF: 31,366
  • Land Size (Acres): 0.47
• Height & Structural Specs
  • # Floors: 5
• Parking & Access
  • Parking Spaces: 20
• Zoning & Development
  • Parcel Number: 685-18-001

Property Description:

Situated just 1.2 miles from the high-rent University Circle submarket, which commands the highest average rents in the Cleveland market at $2,189 per month, capturing spillover demand. The asset benefits from direct proximity to major institutional demand drivers, including Case Western Reserve University (1.2 miles), University Hospitals (1.3 miles), and the Cleveland Clinic Main Campus (2.4 miles), with this constant influx of personnel creating reliable, recurring demand for nearby rental units. Additionally, the property features a distinct physical advantage with expansive floor plans averaging 1,309 square feet, significantly exceeding standard submarket footprints, and currently operates with 20 of 21 units physically occupied, providing a 95.24% occupancy rate that strongly outperforms the 8.30% to 10.00% vacancy of competitors.

More Information:

• 2412 Euclid Heights Boulevard - Teaser.pdf

Listing Agents:

David Leb, CCIM

Max Ferguson

Jason Laver, SIOR