19658 HILLIARD BLVD Rocky River, OH 44116
Well-maintained multifamily property with income potential in desirable Rocky River.
Property Features for 19658 HILLIARD BLVD
General Information
- Standard status
- Active
- Size
- 2,340 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1951
Listing office Russell Commercial Advisory
Listing date May 22, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Russell Commercial Advisory
Investment Insights
Based on property information with market context.
Key Highlights
- Rare multifamily opportunity in highly sought‑after Rocky River location.
- Strong income potential with existing tenants: $1,250/month (long‑term) and approximately $1,700/month (mid‑term rental).
- Remodeled lower unit featuring new paint, flooring, kitchen cabinets, butcher block countertops, and updated bathroom finishes.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.6k | $19.08 |
| − Vacancy | −$2.6k | −$1.11 |
| EGI | $42.1k | $17.97 |
| − OpEx | −$18.9k | −$8.09 |
| NOI | $23.1k | $9.89 |
