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12-Unit Apartment Building
For Sale
$1,299,999
Pending

2521 Noble Road, Cleveland Heights, OH 44121

Each residence has separate gas and electric meters and its own furnace for tenant-controlled heating.

Property SizeContact for details
Days on Market15

Property Features for 2521 Noble Road

General Information

Standard status Pending
Total Parking Spaces 12
Zoning Residential

Units

Unit Mix 4 x 1BR, 8 x 2BR
Multifamily Units 12
Individually Metered Utilities gas, electricity

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $24,000

Amenities

shared laundry rooms
true
false
Public
0.5377
12
Assessor
Detached,Garage
Slab

Building Details

Year Built 1955
Buildings 1
Stories 2
Listing Agency: Russell Real Estate Services
Listed By: Karen Ullom
Source: Karenullomrealty
Added: Oct 21 Changed: Oct 31 Last Checked: Nov 3 at 8:06AM

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 Russell Real Estate Services

Rey
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Investment Insights

Based on property information with market context.

Built in 1955, this 12-unit apartment property has an L-shaped layout across three addresses. The unit mix includes four one-bedroom apartments at 989 Oxford Road and eight two-bedroom apartments at 2521 and 2525 Noble Road. Interior remodels brought new flooring, finishes, fixtures, lighting, and appliances to every unit. The building also has a new roof installed in 2024 and replacement windows throughout.

Each apartment has separate gas and electric metering and an individual furnace. Three shared laundry rooms serve the building, one for each four-unit section; each room contains a water heater, with one replaced in March 2025. The property includes 12 garages and a maintenance shed.

Key Highlights

  • 12 apartments: four one‑bedroom units and eight two‑bedroom units
  • 12 garages and a maintenance shed
  • New roof installed in 2024; new windows throughout

Property Analytics

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Lease Details

12
Residential units
Yes
Utilities to site

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

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 - Each residence has separate gas and electric meters and its own furnace for tenant-controlled heating.
Where is this apartment building located?
The property is located at 2521 Noble Road Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: 12 apartments: four one‑bedroom units and eight two‑bedroom units; 12 garages and a maintenance shed; New roof installed in 2024; new windows throughout
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