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16-Unit Multifamily Portfolio
For Sale
Contact for pricing
Pending

1617 Hillcrest Rd, Cleveland Heights, OH 44118

Package of duplex and triplex properties spanning six buildings in Cleveland Heights and Shaker Heights.

Property SizeContact for details
Days on Market143

Property Features for 1617 Hillcrest Rd

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 16

Building Details

Buildings 6
Listing Agency: HotDoors
Listed By: Chris Leo · License #OH 2021000856
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 10:50PM

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 HotDoors

Investment Insights

Based on property information with market context.

This multifamily portfolio includes 16 rental units distributed among six properties in Cleveland Heights and Shaker Heights. The package comprises two duplexes and four triplexes, offering a combination of smaller residential income properties under one sale. The properties are located along Cleveland’s East Side corridor, including 1617 Hillcrest Rd in Cleveland Heights.

Electrical breaker systems are installed throughout the portfolio. Reported roof ages include 2022 at 1717 Compton, 2019 at 1631 Hillcrest, and 2020 at 17606 Chagrin; roof age is unknown for 3430 and 3434 Beechwood. The portfolio is being offered as an entire package, with individual properties not available for separate purchase.

Key Highlights

  • 16 rental units across six properties
  • Portfolio includes two duplexes and four triplexes
  • Properties located in Cleveland Heights and Shaker Heights

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Storage Facility 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.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

705
Businesses Nearby

Demographics for 44118, OH

40,242
Population
17,849
Households
2.3
Avg Household Size
35
Median Age
61%
College-Educated
96%
High-School Grad
7.0 sq mi
ZIP Area
5,749
Density / Sq Mi
$76,328
Median Household Income
$44,837
Median Earnings
$1,195
Median Rent
$205,600
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?
Multifamily property - Package of duplex and triplex properties spanning six buildings in Cleveland Heights and Shaker Heights.
Where is this multifamily property located?
The property is located at 1617 Hillcrest Rd Cleveland Heights, OH.
What are key features of this property?
This property features: 16 rental units across six properties; Portfolio includes two duplexes and four triplexes; Properties located in Cleveland Heights and Shaker Heights
More about this property
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