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The Grant Apartment Building
For Sale
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248 Euclid Ave, Cleveland, OH 44114

Downtown Cleveland location on Euclid Avenue.

Property Size68,225 SF
Days on Market58

Property Features for 248 Euclid Ave

General Information

Standard status Active
Size 68,225 SF
Property subtype Multifamily
Occupancy 59%

Additional Details

Multifamily Units 73

Amenities

REO Sale (Lender Owned & Third-Party Managed)
Significant Upside Through Increased Occupancy & Hands On Management
All Common Areas & Units Fully Renovated in 2020 ($5 Million-Plus Spent)
Very Little Deferred Maintenance
Attached, 78-Space Heated Garage
Incredible Location within the CBD
Three Blocks from Sherwin Williams Brand New $300M Global HQ
Adjacent to East 4th Street, Downtown Cleveland's Most Sought-After Dining & Entertainment District

Building Details

Building Size 68,225 SF
Units 73
Listing Agency: Cleveland Office
Listed By: Mike Barron, CCIM · License #OH: 2002021828
Source: Marcusmillichap
Added: Aug 26 Changed: Oct 21 Last Checked: Oct 20 at 5:16PM

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 Cleveland Office

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The Grant is a 73-unit apartment building at 248 Euclid Ave in Downtown Cleveland. The property is identified as an REO asset, with its unit count and central address defining the offering. Its location places the building within Cleveland’s downtown district.

Key Highlights

  • 73‑unit apartment building
  • Located at 248 Euclid Ave, Cleveland, OH 44114
  • Situated in Downtown Cleveland

Property Analytics

Lease Details

73
Residential units

Location Intelligence

Trade Area within ½ mile

6,852
Businesses Nearby

Demographics for 44114, OH

7,622
Population
5,151
Households
1.5
Avg Household Size
32
Median Age
47%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
2,541
Density / Sq Mi
$45,400
Median Household Income
$39,915
Median Earnings
$1,296
Median Rent
$112,900
Median Home Value

Market

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 - Downtown Cleveland location on Euclid Avenue.
Where is this apartment building located?
The property is located at 248 Euclid Ave Cleveland, OH.
What are key features of this property?
This property features: 73‑unit apartment building; Located at 248 Euclid Ave, Cleveland, OH 44114; Situated in Downtown Cleveland
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