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Renovated Brick Apartment Building
For Sale
Under Contract
$675,000

3438 Bosworth Road, Cleveland, OH 44111

CommercialSale, Cleveland, OH

Property Size10,450 SF
Lot Size0.16 Acres
Price / SF$64.59
Days on Market75

Property Features for 3438 Bosworth Road

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Multi-Family
Rooms Basement
Parking features On Street
Elementary school district Cleveland Municipal - 1809
Middle school district Cleveland Municipal - 1809
High school district Cleveland Municipal - 1809
Directions Corner Governor and Bosworth
Standard status Active Under Contract
APN 018-13-118
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 17664
HOA Fee $1,500 Annually

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Amenities

on-site coin laundry

Building Details

Year built 1925
Floors in Building 3
Number of units 11
Roof type Fiberglass, Asphalt
Listing Agency: EXP Realty, LLC.
Listed By: Chassity Miller · License #2017005555
Added: Jun 17 Changed: Aug 25 Last Checked: Aug 30 at 7:06PM
MLS# 5219798

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-story brick apartment building contains 11 apartments, including 3 two-bedroom/one-bath units and 8 one-bedroom/one-bath units. Built in 1925, the property is currently 73% occupied, with three vacant apartments recently renovated and ready for occupancy. Building improvements include a full roof replacement, plumbing stack work, new water heaters throughout, partial furnace replacement, and restoration of common areas. Current Lead Certification is in place, and coin-operated laundry is available through CSC ServiceWorks.

The property is located at 3438 Bosworth Road in Cleveland’s West Boulevard / Kamms Corner neighborhood. Public water and sewer serve the building, heating is provided by forced-air natural gas systems, and parking is available on street. At stabilization, projected cap rates range from 10.07% to 15.70%, based on the stated low blended and peak/CMHA scenarios.

Key Highlights

  • 11‑unit brick apartment building built in 1925
  • Unit mix includes 3 two‑bedroom/one‑bath and 8 one‑bedroom/one‑bath apartments
  • Currently 73% occupied, with 8 of 11 units leased

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Electrical Service Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units
73%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

757
Businesses Nearby

Demographics for 44111, OH

41,045
Population
19,041
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
6,315
Density / Sq Mi
$54,790
Median Household Income
$38,151
Median Earnings
$938
Median Rent
$130,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story multifamily asset with a varied unit mix, recent renovations, and on-site laundry service.
Where is this apartment building located?
The property is located at 3438 Bosworth Road Cleveland, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 11‑unit brick apartment building built in 1925; Unit mix includes 3 two‑bedroom/one‑bath and 8 one‑bedroom/one‑bath apartments; Currently 73% occupied, with 8 of 11 units leased
More about this property
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