16703 Harvard Road Cleveland, OH 44128

Building Details

Year Built

1965

Listing agency eXp Commercial | Michigan t***@gmail.com Show Phone

Listed by Jason Sousa Show Phone

Source Thebrokerlist

Added: Mar 16 Updated: Jul 21 at 2:51AM Checked: Jul 21 at 2:51AM

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Investment Insights

Based on property information with market context.

Well-maintained 6-unit multifamily property featuring a desirable unit mix of three 2-bedroom apartments and three 1-bedroom apartments. Only one unit is currently vacant and can be leased prior to closing; the remaining units are occupied, including long-term residents with one unit on a month-to-month lease. Recent capital improvements include a new sealed roof with built-in drains (2024), a new hot water heater, and a foundation moisture barrier installed at the rear of the building, along with updated flooring, paint, and select appliances. The property also includes an on-site parking lot.

Tenants pay gas and electricity, while the owner covers water, sewer, and trash. The building is located on Harvard Road in Cleveland’s Lee–Miles neighborhood, an east–west corridor serving the city’s southeast side. The area is supported by a base of long-term and workforce renters.

Unit mix consists of three 1-bedroom apartments and three 2-bedroom apartments, with a strong portion of existing occupancy and a current opportunity to lease the vacant unit.

Key Highlights

• 6‑unit multifamily built in 1965 with a 3 one‑bedroom / 3 two‑bedroom unit mix
• Only 1 unit currently vacant; remaining units are occupied, including long‑term and one month‑to‑month tenant
• Recent capital improvements include a new sealed roof with built‑in drains (2024), new hot water heater, and foundation moisture barrier at the rear

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FAQs

What type of property is this?

Apartment building - Six well-maintained apartments include three 1-bed and three 2-bed units, with one vacancy currently available for lease-up.

Where is this apartment building located?

The property is located at 16703 Harvard Road Cleveland, OH.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: 6‑unit multifamily built in 1965 with a 3 one‑bedroom / 3 two‑bedroom unit mix; Only 1 unit currently vacant; remaining units are occupied, including long‑term and one month‑to‑month tenant; Recent capital improvements include a new sealed roof with built‑in drains (2024), new hot water heater, and foundation moisture barrier at the rear