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35-Unit Brick Apartment Building
For Sale
$1,750,000

1581-1589 Coventry Road, East Cleveland, OH 44118

CommercialSale, East Cleveland, OH

Property SizeContact for details
Lot Size1.42 Acres
Days on Market670

Property Features for 1581-1589 Coventry Road

General Information

Property type Commercial Sale
Property subtype Apartment
Rooms Laundry Room, Basement
Parking 26
Subdivision Apart Rlty
Elementary school district East Cleveland CSD - 1812
Middle school district East Cleveland CSD - 1812
High school district East Cleveland CSD - 1812
Directions Coventry, North of Mayfield Road, South of Superior
Standard status Active
APN 672-26-084
Lot size 1.42 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 6 APART RLTY S/L 25 ALL&26 ALL&63 ALL 0024 ALL 67226084 TO67226086 67226038
Tax Annual Amount 39466
Legal Description 6 APART RLTY S/L 25 ALL&26 ALL&63 ALL 0024 ALL 67226084 TO67226086 67226038

Utilities

Sewer type Public Sewer
Heating system Steam, Hot Water(Heating), Natural Gas
Cooling system Wall Unit(s)
Water source Public

Building Details

Year built 1943
Floors in Building 3
Number of units 35
Roof type Fiberglass, Slate, Asphalt, Flat
Listing Agency: Berkshire Hathaway HomeServices Professional Realty
Listed By: Joseph A Zingales · License #2013000048
Added: Nov 15, 2024 Changed: Sep 12 Last Checked: Sep 16 at 3:06AM
MLS# 5084892

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1943, this all-brick apartment property contains 35 units across a one- and two-bedroom mix. The unit composition includes 23 one-bedroom, one-bath apartments and 12 two-bedroom, one-bath apartments. Current occupancy is reported at 100 percent, and the property includes a laundry room and basement space.

The 1.4205-acre property is located at 1581-1589 Coventry Road in East Cleveland, Ohio. Building systems include steam and hot-water heating fueled by natural gas, along with wall-unit cooling. Water service is provided by the public system, and the property connects to public sewer. Roofing materials include fiberglass, slate, asphalt, and flat roof sections.

Key Highlights

  • 35 apartments with 23 one‑bedroom units and 12 two‑bedroom units
  • 100 percent occupied
  • All‑brick building constructed in 1943

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Accounting Firm Computer & Electronic Repair (Bike/Boat/Book/etc) Store Big Box & Wholesale 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

35
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

505
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Apartment building - Fully occupied multifamily property with a mix of one- and two-bedroom apartments and on-site laundry facilities.
Where is this apartment building located?
The property is located at 1581-1589 Coventry Road East Cleveland, OH.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 35 apartments with 23 one‑bedroom units and 12 two‑bedroom units; 100 percent occupied; All‑brick building constructed in 1943
More about this property
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