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5-Unit Brick Apartment Building

18809 Bella Drive, Cleveland, OH 44119

For Sale
$299,900

CommercialSale, Cleveland, OH

Property SizeContact for details
Lot Size0.23 Acres
Days on Market389

Property Features for 18809 Bella Drive

General Information

Property type Commercial Sale
Property subtype Apartment
Parking features Parking Lot, Off Street
Subdivision Kazens Bella Drive Sub #1
Elementary school district Cleveland Municipal - 1809
Middle school district Cleveland Municipal - 1809
High school district Cleveland Municipal - 1809
Directions Off of Neff Rd, between Slovene Home and Villaview Rd
Standard status Active
APN 114-23-032
Lot size 0.23 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities electricity

Taxes and HOA fees

Tax Year 2024
Tax Description TR-14 S/L 14 ALL 0013 WP
Tax Annual Amount 7600
Legal Description TR-14 S/L 14 ALL 0013 WP

Utilities

Sewer type Public Sewer
Heating system Steam, Hot Water(Heating)
Cooling system Window Unit(s)
Water source Public

Amenities

on-site laundry
private parking

Building Details

Year built 1965
Floors in Building 3
Number of units 5
Buildings 1
Listing Agency: RE/MAX Haven Realty · RE/MAX International
Listed By: Michael Azzam · License #2014004734
Added: Oct 17, 2025 Changed: Nov 4 Last Checked: Nov 9 at 4:06AM
MLS# 5165378

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.

Rey
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Investment Insights

Based on property information with market context.

This 5-unit brick apartment building in Cleveland was constructed in 1965 and includes a mix of one- and two-bedroom residences. Four units have been recently renovated, with vinyl replacement windows and LVP flooring in the common areas. Residents have access to shared laundry facilities, private parking, and wall-mounted AC units.

Capital improvements include a roof reseal completed in 2022, a new exterior gas meter, updated electrical panels with individual metering, and a new boiler installed in 11/2023. The property is served by public water and public sewer, with hot water and steam heating. Window unit cooling is provided. Professional management is in place and willing to remain, with leasing, marketing, tenant communication, rehabilitation, and construction services available.

Key Highlights

  • 5‑unit brick apartment building constructed in 1965
  • Four units recently renovated
  • New boiler installed in 11/2023

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

664
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Cleveland, OH

$50.24 Jul
$65.3 Aug
$96.3 Sep
$91.08 Oct

Properties on Market for Apartment buildings in Cleveland

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Brick multifamily property with renovated apartments, private parking, shared laundry, and separately metered electrical service.
Where is this apartment building located?
The property is located at 18809 Bella Drive Cleveland, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 5‑unit brick apartment building constructed in 1965; Four units recently renovated; New boiler installed in 11/2023
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