Listing Agency: Marcus & Millichap - Cleveland

Listed By: Charles Gagliano · License #OH SAL.2015003104

Source: Crexi

Added: Apr 24 Changed: Aug 8 Last Checked: Jul 23 at 2:01AM

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Investment Insights

Based on property information with market context.

This multifamily property consists of a 48-unit apartment building.

The building is located at 1615 E 29th St in Lorain, Ohio 44055.

Ideal for buyers seeking a residential income property with a larger unit count.

Key Highlights

• Multifamily apartment building offered for sale
• 48 total units

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Restaurant Hair Salon 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.

Location Intelligence

Trade Area within ½ mile

285

Businesses Nearby

Explore this area Business Placement

Demographics for 44055, OH

19,331

Population

9,258

Households

2.1

Avg Household Size

36

Median Age

10%

College-Educated

82%

High-School Grad

6.3 sq mi

ZIP Area

3,068

Density / Sq Mi

$36,603

Median Household Income

$30,631

Median Earnings

$848

Median Rent

$95,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment building offering 48 units for sale.

Where is this apartment building located?

The property is located at 1615 E 29th St Lorain, OH.

What are key features of this property?

This property features: Multifamily apartment building offered for sale; 48 total units