Three-Story Apartment
For Sale
Contact for pricing
2734 Noble Rd, Cleveland Heights, OH 44121
Three-story brick multifamily with 50 units, private interior entrances, and an on-site courtyard.
Property Size49,044 SF
Lot Size1.41 Acres
Days on Market121
Property Features for 2734 Noble Rd
General Information
Standard status
Active
Size
49,044 SF
Total Parking Spaces
20
Lot size
1.41 Acres
Property subtype
Multifamily
Additional Details
Cap Rate
8.43%
Multifamily Units
50
Building Details
Year Built
1949
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Green Bridge Real Estate
(216) 452-9292
Listed By:
Matthew King · License #BRK-20090002834
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 2:10PM
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.
The Promenade Apartments is a three-story, brick multifamily property containing 50 units built in 1949. The unit mix includes 25 one-bedroom, one-bath homes and 25 two-bedroom, one-bath homes. Each unit has a private interior entrance, with carpeted bedrooms and living areas, storage closets, and kitchen areas featuring tile floors, cabinetry, countertops, and appliances.
The building is U-shaped and centered around a large courtyard area with well-manicured landscaping. The property includes approximately 20 paved parking spaces and has a covered outbuilding currently used as a maintenance area with multiple garage doors, which the owner indicates can be converted into covered parking for tenant use. Laundry is available with four sets of washing machines and dryers maintained by a third-party vendor.
Utilities are gas and electric individually sub-metered, while the landlord is responsible for water/sewer service and trash pickup. The property operates on steam heat, with each unit having an individual boiler and an individual hot water tank, and newer windows are noted throughout the building.
The building is U-shaped and centered around a large courtyard area with well-manicured landscaping. The property includes approximately 20 paved parking spaces and has a covered outbuilding currently used as a maintenance area with multiple garage doors, which the owner indicates can be converted into covered parking for tenant use. Laundry is available with four sets of washing machines and dryers maintained by a third-party vendor.
Utilities are gas and electric individually sub-metered, while the landlord is responsible for water/sewer service and trash pickup. The property operates on steam heat, with each unit having an individual boiler and an individual hot water tank, and newer windows are noted throughout the building.
Key Highlights
- The Promenade Apartments at 2734 Noble Road, Cleveland Heights, OH: a three‑story brick building with 50 units on 1.413 acres
- Unit mix: 25 one‑bedroom/1‑bath units (~750 SF) and 25 two‑bedroom/1‑bath units (~850 SF)
- 49,044 SF of usable space with a “U”-shaped layout and a large courtyard with well‑manicured landscaping
Property Analytics
Current Use
Lease Details
50
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 44121, OH
32,887
Population
14,916
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
96%
High-School Grad
6.4 sq mi
ZIP Area
5,139
Density / Sq Mi
$75,621
Median Household Income
$41,061
Median Earnings
$1,113
Median Rent
$129,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story brick multifamily with 50 units, private interior entrances, and an on-site courtyard.
Where is this apartment building located?
The property is located at 2734 Noble Rd Cleveland Heights, OH.
What are key features of this property?
This property features: The Promenade Apartments at 2734 Noble Road, Cleveland Heights, OH: a three‑story brick building with 50 units on 1.413 acres; Unit mix: 25 one‑bedroom/1‑bath units (~750 SF) and 25 two‑bedroom/1‑bath units (~850 SF); 49,044 SF of usable space with a “U”-shaped layout and a large courtyard with well‑manicured landscaping
