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Updated 8-Unit Apartment Building

2502 Noble Road, Cleveland Heights, OH 44121

For Sale
$649,000

The fully occupied property has management in place and covered garage parking for each apartment.

Property SizeContact for details
Days on Market52

Property Features for 2502 Noble Road

General Information

Standard status Active
Property subtype Apartment
Occupancy 100%

Units

Unit Mix 6 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 8

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $15,503

Building Details

Year Built 1957
Buildings 1
Listing Agency: Meeks Realty
Listed By: Gregory Meeks · License #2023001403
Source: Lifestagesrealty
Added: Sep 19 Changed: Nov 8 Last Checked: Nov 8 at 12:09PM

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 Meeks Realty

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Investment Insights

Based on property information with market context.

Built in 1957, this eight-unit apartment building in Cleveland Heights has six two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. An additional half bath is located in the basement. The building is fully occupied, with property management in place, and provides eight covered garage spaces plus additional parking at the rear.

Updates include new flooring, refreshed kitchens with appliances, plumbing and electrical work, and carpeting. Building improvements include a new roof, windows, furnaces, and upgraded main electrical panels. The property has access to downtown Cleveland, hospitals, retail shops, restaurants, and parks.

Key Highlights

  • Eight apartments: six two‑bedroom, one‑bath units and two one‑bedroom, one‑bath units
  • Eight covered garage parking spaces, with additional parking at the rear
  • Fully occupied; property management is in place

Property Analytics

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Lease Details

8
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

276
Businesses Nearby

Demographics for 44121, OH

32,887
Population
14,916
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
96%
High-School Grad
6.4 sq mi
ZIP Area
5,139
Density / Sq Mi
$75,621
Median Household Income
$41,061
Median Earnings
$1,113
Median Rent
$129,300
Median Home Value
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Market

Properties on Market for Apartment buildings in Cuyahoga County

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 - The fully occupied property has management in place and covered garage parking for each apartment.
Where is this apartment building located?
The property is located at 2502 Noble Road Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Eight apartments: six two‑bedroom, one‑bath units and two one‑bedroom, one‑bath units; Eight covered garage parking spaces, with additional parking at the rear; Fully occupied; property management is in place
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