Updated Garden-Style Apartment
For Sale
$650,000
Pending
15978 Nelacrest Road, East Cleveland, OH 44112
CommercialSale, East Cleveland, OH
Property SizeContact for details
Lot Size0.67 Acres
Days on Market55
Property Features for 15978 Nelacrest Road
General Information
Property type
Commercial Sale
Property subtype
Apartment
Rooms
Laundry Room
Parking
8
Parking features
Covered, Garage
Subdivision
Lees Dev Companys
Elementary school district
East Cleveland CSD - 1812
Middle school district
East Cleveland CSD - 1812
High school district
East Cleveland CSD - 1812
Directions
West off of Noble near Cleveland Heights border
Standard status
Pending
APN
673-18-030
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
11 LEES DEV &S/L50 ALL & 51 ALL 0049 ALL 67318031 TO67318032
Tax Annual Amount
11124
Legal Description
11 LEES DEV &S/L50 ALL & 51 ALL 0049 ALL 67318031 TO67318032
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
laundry room
Building Details
Year built
1958
Floors in Building
2
Number of units
14
Roof type
Flat
Listing Agency:
Kiefer Realty Group
(216) 403-9603
Listed By:
Keith D Kiefer · License #2017000466
(216) 403-1797
Added: Jul 13
Changed: Sep 5
Last Checked: Sep 5 at 9:06PM
MLS# 5227113
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.
This 14-unit apartment property, built in 1958, offers a mix of 10 two-bedroom residences and 4 one-bedroom residences. Units have been updated over time and include full kitchens with updated appliances, individual furnaces, and separate water heaters. A first-floor laundry room adds shared building functionality, while the property includes 8 garage spaces with covered parking. The building has forced-air heating, a flat roof, and public water and sewer service.
The property is located on Nelacrest Road in East Cleveland, off Noble Road and near the Cleveland Heights border. Area shopping, dining, and entertainment are accessible from the property, with freeway access available within minutes. Twelve units are currently rented, and the property is East Cleveland POS compliant.
The property is located on Nelacrest Road in East Cleveland, off Noble Road and near the Cleveland Heights border. Area shopping, dining, and entertainment are accessible from the property, with freeway access available within minutes. Twelve units are currently rented, and the property is East Cleveland POS compliant.
Key Highlights
- 14‑unit apartment building with 10 two‑bedroom units and 4 one‑bedroom units
- 12 units currently rented
- Each unit includes its own furnace and water heater
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 44112, OH
18,685
Population
11,828
Households
1.6
Avg Household Size
44
Median Age
17%
College-Educated
86%
High-School Grad
4.0 sq mi
ZIP Area
4,671
Density / Sq Mi
$28,957
Median Household Income
$27,204
Median Earnings
$802
Median Rent
$77,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen residences feature individual heating and water-heating systems, updated appliances, and full kitchens.
Where is this apartment building located?
The property is located at 15978 Nelacrest Road East Cleveland, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 14‑unit apartment building with 10 two‑bedroom units and 4 one‑bedroom units; 12 units currently rented; Each unit includes its own furnace and water heater
