Multifamily Income
For Sale
Contact for pricing
2000 Van Aken Boulevard, Shaker Heights, OH 44120
For sale multifamily property on Van Aken Boulevard in Shaker Heights, suited for residential income ownership.
Property Size19,237 SF
Price / SF$111.76
Days on Market62
Property Features for 2000 Van Aken Boulevard
General Information
Standard status
Active
Size
19,237 SF
Property subtype
Multifamily
Building Details
Year Built
1952
Listing Agency:
NAI Pleasant Valley
(330) 535-2661
Listed By:
Evan Pannell · License #OH 2017005596
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Aug 1 at 11:19AM
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 NAI Pleasant Valley
Investment Insights
Based on property information with market context.
This for-sale multifamily income property is listed as “other multifamily properties” within the residential income category. The offering is represented as a single property at 2000 Van Aken Boulevard in Shaker Heights, Ohio.
The property is located on Van Aken Boulevard and is identified for sale with a stated list price. No additional details are provided in the available information regarding building configuration, unit mix, or condition.
For buyers seeking a residential income asset, this property may fit a straightforward multifamily ownership strategy, subject to confirming operating details during due diligence. As the listing data does not specify tenancy, expenses, or recent improvements, prospective buyers should review current records and physical condition to evaluate underwriting and fit.
The property is located on Van Aken Boulevard and is identified for sale with a stated list price. No additional details are provided in the available information regarding building configuration, unit mix, or condition.
For buyers seeking a residential income asset, this property may fit a straightforward multifamily ownership strategy, subject to confirming operating details during due diligence. As the listing data does not specify tenancy, expenses, or recent improvements, prospective buyers should review current records and physical condition to evaluate underwriting and fit.
Key Highlights
- Multifamily property for sale on Van Aken Boulevard in Shaker Heights, OH 44122
- Built in 1952
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 | $367.0k | $19.08 |
| − Vacancy | −$21.3k | −$1.11 |
| EGI | $345.8k | $17.97 |
| − OpEx | −$155.6k | −$8.09 |
| NOI | $190.2k | $9.89 |
19,237 SF · lease $19.08/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.72M
$2.38M – $3.17M
NOI $190,164 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$15.41M
$13.49M – $17.98M
NOI $1,078,947 @ 7.0% cap · market cap 50.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 44120, OH
34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - For sale multifamily property on Van Aken Boulevard in Shaker Heights, suited for residential income ownership.
Where is this multifamily property located?
The property is located at 2000 Van Aken Boulevard Shaker Heights, OH.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Multifamily property for sale on Van Aken Boulevard in Shaker Heights, OH 44122; Built in 1952
