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12-Unit Apartment Building
For Sale
$525,000
Pending

17740 Lake Shore Boulevard, Cleveland, OH 44119

CommercialSale, Cleveland, OH

Property SizeContact for details
Lot Size0.19 Acres
Days on Market83

Property Features for 17740 Lake Shore Boulevard

General Information

Property type Commercial Sale
Property subtype Apartment
Rooms Basement
Parking features Parking Lot
Subdivision David G Kangessers Dakan 15
Elementary school district Cleveland Municipal - 1809
Middle school district Cleveland Municipal - 1809
High school district Cleveland Municipal - 1809
Directions On Lakeshore Boulevard, between Brazil Road and Neff Road
Standard status Pending
APN 113-06-001
Lot size 0.19 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description TR 15 DAKAN 0002 ALL
Tax Annual Amount 20818
Legal Description TR 15 DAKAN 0002 ALL

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Steam
Water source Public

Amenities

secured common entrance with individual mailboxes
dedicated tenant storage areas
paid on-site laundry facilities
on-site dumpster

Building Details

Year built 1961
Number of units 12
Roof type Flat
Listing Agency: RE/MAX Haven Realty · RE/MAX International
Listed By: Michael Azzam · License #2014004734
Added: Jun 9 Changed: Aug 20 Last Checked: Aug 30 at 7:06PM
MLS# 5216890

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 12-unit apartment building was constructed in 1961 and offers four one-bedroom, one-bath units on each floor. Apartments include living rooms and kitchens, while the property provides a secured common entrance, individual mailboxes, dedicated tenant storage, paid on-site laundry, one assigned off-street parking space per unit, and an on-site dumpster. The building has a flat roof, public water and sewer, and hot water and steam heating. Unit 101 was fully renovated following a water-line leak and leased beginning May 1, 2026. Units 102 and 204 are vacant, and Unit 104 is scheduled to become available. Several established tenants occupy the remaining units. The roof was repaired in 2022, the central boiler was serviced and repaired in 2026, and the property received lead-safe certification in October 2025.

The property is located at 17740 Lake Shore Boulevard in Cleveland, with access to Interstate 90, Downtown Cleveland, Euclid, Lake Erie, Euclid Beach Park, schools, shopping centers, restaurants, public transportation, and major employment hubs.

Key Highlights

  • 12‑unit apartment building with four one‑bedroom, one‑bath units on each floor
  • Unit 101 fully renovated after a water‑line leak and leased beginning May 1, 2026
  • Units 102 and 204 vacant; Unit 104 scheduled to become available

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Dental Office Acupuncture

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

12
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

477
Businesses Nearby

Demographics for 44119, OH

12,134
Population
6,941
Households
1.7
Avg Household Size
44
Median Age
19%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
5,515
Density / Sq Mi
$48,268
Median Household Income
$36,556
Median Earnings
$927
Median Rent
$109,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained multifamily property with renovated interiors, tenant storage, laundry, assigned parking, and secured entry.
Where is this apartment building located?
The property is located at 17740 Lake Shore Boulevard Cleveland, OH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 12‑unit apartment building with four one‑bedroom, one‑bath units on each floor; Unit 101 fully renovated after a water‑line leak and leased beginning May 1, 2026; Units 102 and 204 vacant; Unit 104 scheduled to become available
More about this property
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