Multifamily Rental
New
For Sale
$1,625,000
1005 Nela View Road, Cleveland Heights, OH 44112
CommercialSale, Cleveland Heights, OH
Property SizeContact for details
Lot Size0.11 Acres
Days on Market4
Property Features for 1005 Nela View Road
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Residential
Subdivision
Frst Hill Overlook
Elementary school district
Cleveland Hts-Univer - 1810
Middle school district
Cleveland Hts-Univer - 1810
High school district
Cleveland Hts-Univer - 1810
Directions
From Noble Rd to Nela View
Standard status
Active
APN
681-08-006
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
12 FOR HI OVLK 0224 ALL
Tax Annual Amount
11366
Legal Description
12 FOR HI OVLK 0224 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1920
Listing Agency:
Russell Real Estate Services
(440) 572-3100
Listed By:
Jesse R Kracht · License #2010001088
(440) 212-5656
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 11:06AM
MLS# 5254224
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.
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Investment Insights
Based on property information with market context.
This multifamily portfolio combines nine residential rental properties across Cleveland, Cleveland Heights, Euclid, and East Cleveland. The properties are fully occupied, and renovations have been completed at eight of the nine locations. The portfolio reports a 7.30% capitalization rate.
Tenants pay gas and electric expenses throughout the portfolio. At two properties, tenants also cover water and sewer charges.
Tenants pay gas and electric expenses throughout the portfolio. At two properties, tenants also cover water and sewer charges.
Key Highlights
- Nine residential rental properties offered together
- 100% occupancy across the portfolio
- 7.30% capitalization rate
Property Analytics
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Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 44112, OH
18,685
Population
11,828
Households
1.6
Avg Household Size
44
Median Age
17%
College-Educated
86%
High-School Grad
4.0 sq mi
ZIP Area
4,671
Density / Sq Mi
$28,957
Median Household Income
$27,204
Median Earnings
$802
Median Rent
$77,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Nine residential rentals span four communities in Cuyahoga County, with tenants covering gas and electric service.
Where is this multifamily property located?
The property is located at 1005 Nela View Road Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Nine residential rental properties offered together; 100% occupancy across the portfolio; 7.30% capitalization rate
