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40-Unit Apartment Building

100 Normandy Drive, Painesville, OH 44077

For Sale
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Courtyard Village is situated in Painesville Township, Ohio, at a named residential address.

Property Size27,420 SF
Days on Market51

Property Features for 100 Normandy Drive

General Information

Standard status Active
Size 27,420 SF
Property subtype Multifamily
Occupancy 98%

Additional Details

Multifamily Units 40

Amenities

Owned and Self-Managed by Local Family for the Past 18 Years
All Single-Story, Ranch-Style Units with Private Entrances Consisting Predominantly of Two-Bedroom Floorplans
In-Place Rents $100 - $200 Below Direct Competitors
Exceptionally Well Maintained Community with Numerous, Recent Capital Improvements
Walking Distance to Numerous Retailers including Starbucks, Tractor Supply, Marc's Grocery Store, and Planet Fitness
$105,713 Average Household Income within Three-Mile Radius

Building Details

Building Size 27,420 SF
Units 40
Listing Agency: Cleveland Office
Listed By: Mike Barron, CCIM · License #License(s): OH: 2002021828
Source: Marcusmillichap
Added: Sep 18 Changed: Nov 5 Last Checked: Nov 6 at 5:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cleveland Office

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Investment Insights

Based on property information with market context.

Courtyard Village is an apartment property containing 40 units. The asset is located at 100 Normandy Drive in Painesville Township, Ohio, with a 44077 ZIP code.

Key Highlights

  • 40‑unit apartment property
  • Located at 100 Normandy Drive
  • Painesville Township, Ohio 44077

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

40
Residential units

Location Intelligence

Trade Area within ½ mile

477
Businesses Nearby

Demographics for 44077, OH

58,253
Population
24,928
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
60.5 sq mi
ZIP Area
963
Density / Sq Mi
$80,692
Median Household Income
$45,315
Median Earnings
$972
Median Rent
$217,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Courtyard Village is situated in Painesville Township, Ohio, at a named residential address.
Where is this apartment building located?
The property is located at 100 Normandy Drive Painesville, OH.
What are key features of this property?
This property features: 40‑unit apartment property; Located at 100 Normandy Drive; Painesville Township, Ohio 44077
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