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Renovated 24-Unit Apartment Building
New
For Sale
$999,500

1874 Marloes Avenue, East Cleveland, OH 44112

Three-story apartment property with one-bedroom units, a full basement, and on-street parking.

Property Size16,731 SF
Lot Size0.43 Acres
Price / SF$59.74
Days on Market4

Property Features for 1874 Marloes Avenue

General Information

Standard status Active
Size 16,731 SF
Class Class B
Lot size 0.43 Acres
Property subtype Apartment
Occupancy 100%

Units

Unit Mix 24 x 1BR/1BA
Multifamily Units 24

Taxes and HOA fees

Annual Taxes $16,273

Building Details

Building Size 16,731 SF
Year Built 1920
Year Renovated 2014
Stories 3
Listing Agency: Ohio Property Group, LLC
Listed By: Glen G Whitten · License #2002023149
Source: Asacoxhomes
Added: Sep 9 Changed: Sep 12 Last Checked: Sep 12 at 3:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ohio Property Group, LLC

Investment Insights

Based on property information with market context.

This 24-unit apartment property at 1874 Marloes Avenue offers 16,731 SF of living space across three stories above a full basement. The building dates to 1920 and was updated in 2014. Its unit mix consists of one-bedroom, one-bath apartments averaging 750 SF, with the property classified as Class B. A red brick exterior and composition roof define the building, while on-street parking serves residents. The 0.43-acre site is located in East Cleveland, Ohio, and the property is reported at 100% occupancy.

Key Highlights

  • 24‑unit apartment building with 16,731 SF of living space
  • One‑bedroom, one‑bath units averaging 750 SF
  • 100% occupancy

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Dental Office Skin Care Clinic

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

24
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

492
Businesses Nearby

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
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 - Three-story apartment property with one-bedroom units, a full basement, and on-street parking.
Where is this apartment building located?
The property is located at 1874 Marloes Avenue East Cleveland, OH.
What is the asking price?
The asking price for this property is $999,500.
What are key features of this property?
This property features: 24‑unit apartment building with 16,731 SF of living space; One‑bedroom, one‑bath units averaging 750 SF; 100% occupancy
More about this property
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