All-Brick Apartment
For Sale
Contact for pricing
13420 Euclid Ave, East Cleveland, OH 44112
Two three-story, all-brick buildings total 81 suites, with surface parking and laundry units for added income.
Property Size55,350 SF
Lot Size1.31 Acres
Days on Market120
Property Features for 13420 Euclid Ave
General Information
Standard status
Active
Size
55,350 SF
Lot size
1.31 Acres
Property subtype
Multifamily
Occupancy
67%
Additional Details
Cap Rate
10.03%
Highway Access
Yes
Multifamily Units
81
Amenities
laundry facility
Building Details
Year Built
1963
Stories
3
Construction
brick
Listing Agency:
Green Bridge Real Estate
Listed By:
Matthew King · License #BRK-20090002834
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 8:40PM
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 Green Bridge Real Estate
Investment Insights
Based on property information with market context.
Euclid Emerald Apartments is an 81-suite multifamily property consisting of two, all-brick, three-story buildings built in 1963. The community offers 39 two-bedroom, one-bath suites, 40 one-bedroom, one-bath suites, and 2 studio suites. The property also includes a large surface parking lot and leased laundry units that generate additional income. Owner-directed recent improvements include updates to 34 units at various degrees, and a new fire alarm monitoring system in one building. The landlord has also resolved many plumbing issues, improving heating and hot water systems. Landlord pays heat (boiler), trash, water, and sewer.
As of the latest information provided, the property is 66.67% occupied (54 of 81 units). Approximately 45% of the occupied units (24 of 54) are leased with Section 8 Subsidy Voucher support, providing partial or full housing assistance.
Euclid Emerald Apartments is currently owner managed. The projected net annual operating income at 100% occupancy at market rents is $401,297, with a stated 10.03% capitalization rate based on the asking price.
As of the latest information provided, the property is 66.67% occupied (54 of 81 units). Approximately 45% of the occupied units (24 of 54) are leased with Section 8 Subsidy Voucher support, providing partial or full housing assistance.
Euclid Emerald Apartments is currently owner managed. The projected net annual operating income at 100% occupancy at market rents is $401,297, with a stated 10.03% capitalization rate based on the asking price.
Key Highlights
- 81‑unit multifamily property at 13416 & 13420 Euclid Ave, East Cleveland, OH 44112
- Two all‑brick, three‑story buildings built in 1963 totaling approx. 55,350 SF on 1.31 acres
- Unit mix includes 39 two‑bedroom/1‑bath, 40 one‑bedroom/1‑bath, and 2 studio suites (81 total)
Property Analytics
Current Use
Lease Details
81
Residential units
66.7%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
557
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two three-story, all-brick buildings total 81 suites, with surface parking and laundry units for added income.
Where is this apartment building located?
The property is located at 13420 Euclid Ave East Cleveland, OH.
What are key features of this property?
This property features: 81‑unit multifamily property at 13416 & 13420 Euclid Ave, East Cleveland, OH 44112; Two all‑brick, three‑story buildings built in 1963 totaling approx. 55,350 SF on 1.31 acres; Unit mix includes 39 two‑bedroom/1‑bath, 40 one‑bedroom/1‑bath, and 2 studio suites (81 total)
