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15000 Euclid Avenue East Cleveland, OH 44112

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For Sale
$2,950,000

41-unit apartment building with recent improvements and income potential.

Type:MF, MF-MID
Added:
Feb 19, 2026
Days on Market:
59
Last Refresh:
Apr 3 at 4:57 am

Property Features for 15000 Euclid Avenue

General Information

Standard status
Active
Property subtype
MF, MF-MID

Building Details

Year Built
1915

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Listing Contact
Douglas J. Ryan
Douglas J. Ryan

Listing agent Douglas J. Ryan License #393609, Ohio

Listing office KW Commercial | Classic Properties of Columbus LLC- Upper Arlington OH 43221 - Upper Arlington OH 43221 - Upper Arlington OH 43221

Listing date Feb 19, 2026

Source Realnex

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 KW Commercial | Classic Properties of Columbus LLC- Upper Arlington OH 43221 - Upper Arlington OH 43221 - Upper Arlington OH 43221


Overview

East Cleveland Apartment Building

The Grasmere Apartments, located in East Cleveland, feature 41 units and benefit from recent improvements to electrical and plumbing systems, as well as refreshed units. The low-maintenance masonry construction includes separately metered electric. The owner is in the process of leasing the building, presenting an opportunity for new management. The building has the potential to provide returns, utilizing a history of market rents and affordable housing programs. Several shell units remain in the lower level, offering the opportunity to increase the number of total units or enhance common areas. On-site laundry, electronic keyed entry, security cameras, and a recently improved fire alarm system provide convenience for residents. The market has responded well to Section 8 and Eden vouchers. Grasmere Apartments offer affordable one and two-bedroom units in the 44112 area of Cleveland, close to public transportation, parks, shopping, recreation, and University Circle. The units feature newer appliances, walk-in closets, and upgraded kitchens and bathrooms. The property is intended for use as an apartment building, multifamily property, or residential income property.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
East Cleveland
County
Cuyahoga
State
Ohio
Longitude
-81.5762262
Latitude
41.5352625

FAQs

What type of property is this?
Apartment building - 41-unit apartment building with recent improvements and income potential.
Where is this apartment building located?
The property is located at 15000 Euclid Avenue East Cleveland, OH.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Significant recent improvements to electrical, plumbing, and unit interiors.; Opportunity to increase unit count or add common areas by finishing shell units in the lower level.; Potential for impressive returns based on market rents and affordable housing programs.
More about this property
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