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Westlake Apartments with Renovated Units
For Sale
Contact for pricing
Pending

24325 Detroit Rd, Westlake, OH 44145

Apartment community with sixteen 1-bedroom units in Westlake, OH.

Property SizeContact for details
Days on Market121

Property Features for 24325 Detroit Rd

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: BWE Investment Sales
Listed By: Brandon Shear · License #OH
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 8 at 3:30PM

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 BWE Investment Sales

Investment Insights

Based on property information with market context.

Located at 24325 Detroit Road in Westlake, OH, this apartment community features sixteen 1-bedroom units. Nearly 90% of the units have been renovated, including fresh paint, new kitchen backsplashes and appliances, completely new bathrooms, and new wood-style flooring throughout. The property is positioned minutes from Westlake’s shopping, dining, and entertainment venues.

Key Highlights

  • Opportunity to acquire an apartment community in Westlake, OH.
  • Located in Westlake, a premier suburb on Cleveland's west side, with close proximity to shopping, dining, and entertainment.
  • Features 16 spacious 1‑bedroom units.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Big Box & Wholesale Store HVAC Service Cafe & Coffee Shop Barber Shop Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

829
Businesses Nearby

Demographics for 44145, OH

34,228
Population
15,781
Households
2.2
Avg Household Size
47
Median Age
58%
College-Educated
96%
High-School Grad
15.9 sq mi
ZIP Area
2,153
Density / Sq Mi
$110,101
Median Household Income
$63,385
Median Earnings
$1,480
Median Rent
$336,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Apartment community with sixteen 1-bedroom units in Westlake, OH.
Where is this apartment building located?
The property is located at 24325 Detroit Rd Westlake, OH.
What are key features of this property?
This property features: Opportunity to acquire an apartment community in Westlake, OH.; Located in Westlake, a premier suburb on Cleveland's west side, with close proximity to shopping, dining, and entertainment.; Features 16 spacious 1‑bedroom units.
More about this property
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