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10-Suite Apartment Building
New
For Sale
$1,285,000

13200 Fairhill Road, Shaker Heights, OH 44120

CommercialSale, Shaker Heights, OH

Property SizeContact for details
Lot Size0.39 Acres
Days on Market3

Property Features for 13200 Fairhill Road

General Information

Property type Commercial Sale
Property subtype Apartment
Parking features Assigned
Elementary school district Shaker Heights CSD - 1827
Middle school district Shaker Heights CSD - 1827
High school district Shaker Heights CSD - 1827
Directions Off Coventry.
Standard status Active
APN 736-30-011
Lot size 0.39 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 28040

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Gas (Cooling), Ceiling Fan(s)
Water source Public

Building Details

Year built 1952
Listing Agency: Century 21 Homestar · Century 21 Real Estate
Listed By: Mike Sikoutris · License #344147
Added: Sep 24 Changed: Sep 25 Last Checked: Sep 26 at 1:06AM
MLS# 5248063

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.

Investment Insights

Based on property information with market context.

This 10-suite apartment building dates to 1952 and sits on a 0.39-acre parcel. Heat and electric service are separate for each suite, and updates have been made in parts of the building. Heating is natural gas; cooling includes gas cooling and ceiling fans.

The property is served by public water and public sewer. Parking is assigned.

Key Highlights

  • 10 apartment suites; building constructed in 1952
  • Fully occupied
  • Separate heat and electric service

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom HVAC Service Big Box & Wholesale Store Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

Lease Details

10
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

748
Businesses Nearby

Demographics for 44120, OH

34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - The fully occupied property has individually separated heat and electric service, with updates completed in several areas.
Where is this apartment building located?
The property is located at 13200 Fairhill Road Shaker Heights, OH.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: 10 apartment suites; building constructed in 1952; Fully occupied; Separate heat and electric service
More about this property
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