22-Unit Tudor-Style Apartment
13415 S Woodland Rd Cleveland, OH 44120
13415 S Woodland Rd, Cleveland, OH, 44120
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For Sale
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Historic charm meets modern upgrades in Cleveland's desirable district.
Property Size19,052 SF
Price / SF$125.97
Days on Market165
Property Features for 13415 S Woodland Rd
General Information
- Standard status
- Active
- Size
- 19,052 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1928
Listing Agency
CENTURY 21 Wilbur Realty
Listed by
Lisa Mazzola · License #OH
Source
Crexi
Added: Feb 1 Checked: Jul 14 at 9:43 pm
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 CENTURY 21 Wilbur Realty
Investment Insights
Based on property information with market context.
This impressive 22-unit apartment building features classic Tudor-style architecture in a highly desirable historic district. The exterior showcases a brick facade with intricate stone detailing. The property offers updated units featuring hardwood floors, wrought iron accents, cathedral ceilings, and contemporary kitchens with custom cabinetry, granite countertops, and stainless-steel appliances. Residents also benefit from a convenient lower-level laundry facility and secure on-site parking with a private garage. The property, totaling 19052 square feet, is lead-certified with the City of Cleveland and includes ongoing professional property management through Century 21 Wilbur Realty. A first-year introductory rate is available. This well-maintained apartment building presents a compelling opportunity for investors seeking both stability and long-term value.
Key Highlights
- 22‑unit apartment building in a highly desirable historic district.
- Updated units boast hardwood floors, wrought iron accents, cathedral ceilings, contemporary kitchens, granite countertops, and stainless‑steel appliances.
- Secure on‑site parking with a private garage.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $400.1k | $21.00 |
| − Vacancy | −$16.0k | −$0.84 |
| EGI | $384.1k | $20.16 |
| − OpEx | −$172.8k | −$9.07 |
| NOI | $211.2k | $11.09 |
19,052 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.02M
$2.64M – $3.52M
NOI $211,249 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.65M
$4.07M – $5.42M
NOI $325,451 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Daisy Beats XO
Hair Salon
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FAQs
What type of property is this?
Apartment building - Historic charm meets modern upgrades in Cleveland's desirable district.
Where is this apartment building located?
The property is located at 13415 S Woodland Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $2,399,900.
What are key features of this property?
This property features: 22‑unit apartment building in a highly desirable historic district.; Updated units boast hardwood floors, wrought iron accents, cathedral ceilings, contemporary kitchens, granite countertops, and stainless‑steel appliances.; Secure on‑site parking with a private garage.
