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Seven-Bedroom Multifamily Property
For Sale
Contact for pricing
Pending

1465 E 109th St, Cleveland, OH 44106

Updated housing with tenant-paid utilities and parking near Case Western Reserve University.

Property SizeContact for details
Days on Market151

Property Features for 1465 E 109th St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Cap Rate 13%
Listing Agency: Berkshire Hathaway HomeServices Professional Realty Dayton
Listed By: Chrissy Kovanda · License #OH
Source: Crexi
Added: Apr 11 Changed: Sep 6 Last Checked: Sep 7 at 1:09AM

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 Berkshire Hathaway HomeServices Professional Realty Dayton

Investment Insights

Based on property information with market context.

This multifamily property offers a seven-bedroom layout configured for housing use near Case Western Reserve University in Cleveland. The residence is described as move-in ready and includes updated capital improvements, with parking included on site. Utilities are paid by tenants, supporting a defined operating structure.

The property is positioned as off-campus housing within walking distance of the Case Western Reserve University campus. A 15-year, 100% tax abatement is in place, and the property is presented as turnkey multifamily housing.

Key Highlights

  • Seven‑bedroom multifamily layout
  • Near Case Western Reserve University campus
  • Parking included

Property Analytics

Current Use

Turquoise Property Management Company

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Building Supply

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

Location Intelligence

Trade Area within ½ mile

1,206
Businesses Nearby

Demographics for 44106, OH

26,608
Population
13,287
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
6,188
Density / Sq Mi
$42,869
Median Household Income
$27,056
Median Earnings
$1,024
Median Rent
$241,600
Median Home Value

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?
Multifamily property - Updated housing with tenant-paid utilities and parking near Case Western Reserve University.
Where is this multifamily property located?
The property is located at 1465 E 109th St Cleveland, OH.
What are key features of this property?
This property features: Seven‑bedroom multifamily layout; Near Case Western Reserve University campus; Parking included
(216) 317-3463 Call to check price and availability
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