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52-Unit Apartment Building
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2734 - 2750 Hampshire Road, Cleveland Heights, OH 44106

Updated interiors, laundry facilities, select balconies, and storage serve a stabilized multifamily property.

Property SizeContact for details
Days on Market15

Property Features for 2734 - 2750 Hampshire Road

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 34 x 2-bedroom, 18 x 1-bedroom
Multifamily Units 52

Amenities

modern laundry facilities
balconies in select units
storage

Building Details

Year Built 1925
Units 52
Listing Agency: Adams Lynch Associates
Listed By: Nick Soeder
Source: Adamslynch
Added: Aug 17 Changed: Aug 21 Last Checked: Aug 30 at 4:05PM

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 Adams Lynch Associates

Investment Insights

Based on property information with market context.

Built in 1925, the property contains 52 apartments, including 34 two-bedroom units averaging 860 SF and 18 one-bedroom units averaging 700 SF. Most residences feature renovated kitchens and bathrooms, with luxury vinyl tile and hardwood flooring throughout. Common-area improvements include modern laundry facilities, select balconies, and storage. Updated electrical systems with newer breakers are present in most units, and the buildings have no major deferred capital expenditures noted.

Occupancy has remained above 96%, with demand supported by proximity to Case Western Reserve University, University Circle institutions, hospitals, and Coventry Village amenities. Parking passes for nearby city lots are available in both standard and accepted formats for the urban submarket. The property is located at 2734 - 2750 Hampshire Road in Cleveland Heights, Ohio 44106.

Key Highlights

  • 52 apartments: 34 two‑bedroom units and 18 one‑bedroom units
  • Two‑bedroom units average 860 SF; one‑bedroom units average 700 SF
  • Occupancy consistently above 96%

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Accounting Firm Big Box & Wholesale Store Auto Parts Store Storage Facility Furniture & Home Goods

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

52
Residential units

Location Intelligence

Trade Area within ½ mile

441
Businesses Nearby

Demographics for 44106, OH

26,608
Population
13,287
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
6,188
Density / Sq Mi
$42,869
Median Household Income
$27,056
Median Earnings
$1,024
Median Rent
$241,600
Median Home Value

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 - Updated interiors, laundry facilities, select balconies, and storage serve a stabilized multifamily property.
Where is this apartment building located?
The property is located at 2734 - 2750 Hampshire Road Cleveland Heights, OH.
What are key features of this property?
This property features: 52 apartments: 34 two‑bedroom units and 18 one‑bedroom units; Two‑bedroom units average 860 SF; one‑bedroom units average 700 SF; Occupancy consistently above 96%
More about this property
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