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Updated 12-Unit Apartment Building
For Sale
Under Contract
$1,299,999

2521 Noble Road, Cleveland Heights, OH 44121

CommercialSale, Cleveland Heights, OH

Property SizeContact for details
Lot Size0.54 Acres
Days on Market399

Property Features for 2521 Noble Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Residential
Parking 12
Parking features Garage
Subdivision Crow Point
Elementary school district Cleveland Hts-Univer - 1810
Middle school district Cleveland Hts-Univer - 1810
High school district Cleveland Hts-Univer - 1810
Directions On Noble Rd
Special listing conditions In Foreclosure
Standard status Active Under Contract
APN 682-13-046
Lot size 0.54 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description 20 CROWNPT &S/L14 TO 17 ALL BUT ST 68213046 TO68213049
Tax Annual Amount 24000
Legal Description 20 CROWNPT &S/L14 TO 17 ALL BUT ST 68213046 TO68213049

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Ceiling Fan(s)
Water source Public

Amenities

laundry rooms

Building Details

Year built 1955
Floors in Building 2
Number of units 12
Listing Agency: Russell Real Estate Services
Listed By: Judy Quinones · License #2018001927
Added: Aug 8, 2025 Changed: Sep 9 Last Checked: Sep 10 at 1:06PM
MLS# 5146600

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 12-unit apartment building combines three connected sections under an L-shaped layout with separate addresses at 989 Oxford Rd, 2521 Noble Rd, and 2525 Noble Rd. The unit mix includes four one-bedroom apartments at 989 Oxford Rd and eight two-bedroom apartments across the Noble Road sections. Each apartment has separately metered gas and electric service, an individual natural-gas furnace, and ceiling fans. Three shared laundry rooms serve the respective four-unit sections, with one water heater replaced in March 2025.

The property includes 12 garages and a maintenance shed. Building improvements include a roof installed in 2024, new windows throughout, and completed interior renovations with new flooring, refreshed walls and finishes, modern lighting and fixtures, and new appliances. Public water and public sewer serve the property, which was built in 1955.

Key Highlights

  • 12‑unit apartment building with 4 one‑bedroom and 8 two‑bedroom units
  • Three separate addresses: 989 Oxford Rd, 2521 Noble Rd, and 2525 Noble Rd
  • 12 garages plus a maintenance shed

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Skin Care Clinic Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

255
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated multifamily property with separately metered utilities, resident-controlled heating, shared laundry, and garage parking.
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‑unit apartment building with 4 one‑bedroom and 8 two‑bedroom units; Three separate addresses: 989 Oxford Rd, 2521 Noble Rd, and 2525 Noble Rd; 12 garages plus a maintenance shed
More about this property
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