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59-Unit Apartment Portfolio
For Sale
$6,500,000

4101-5753 Ridge Road, Cleveland, OH 44144

Eight apartment buildings are distributed across Cleveland, Brooklyn, and Parma.

Property SizeContact for details
Days on Market908

Property Features for 4101-5753 Ridge Road

General Information

Standard status Active
Property subtype Apartment

Site & Location

Neighborhood Stockyards

Additional Details

Multifamily Units 59

Taxes and HOA fees

Annual Taxes $84,311

Building Details

Year Built 1950
Buildings 8
Listing Agency: The Holton-Wise Property Group LLC
Listed By: James P Wise · License #2015001161
Source: Lifestagesrealty
Added: May 4, 2024 Changed: Oct 26 Last Checked: Oct 26 at 4:01PM

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 The Holton-Wise Property Group LLC

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Investment Insights

Based on property information with market context.

This multifamily portfolio comprises 59 apartment units across eight buildings. The properties are located in three Ohio communities: four buildings in Cleveland, two in Brooklyn, and two in Parma.

Key Highlights

  • 59 apartment units across the portfolio
  • Eight buildings: four in Cleveland, two in Brooklyn, and two in Parma

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

59
Residential units

Location Intelligence

Trade Area within ½ mile

380
Businesses Nearby

Demographics for 44144, OH

21,361
Population
9,994
Households
2.1
Avg Household Size
42
Median Age
20%
College-Educated
88%
High-School Grad
5.5 sq mi
ZIP Area
3,884
Density / Sq Mi
$59,775
Median Household Income
$37,318
Median Earnings
$923
Median Rent
$138,000
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Eight apartment buildings are distributed across Cleveland, Brooklyn, and Parma.
Where is this apartment building located?
The property is located at 4101-5753 Ridge Road Cleveland, OH.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 59 apartment units across the portfolio; Eight buildings: four in Cleveland, two in Brooklyn, and two in Parma
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