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8-Unit Apartment Building

2762 Noble Rd, Cleveland Heights, OH 44121

For Sale
$792,000

Separately metered apartments have updated electrical, with the owner responsible for water service.

Property Size7,708 SF
Price / SF$102.75
Days on Market9

Property Features for 2762 Noble Rd

General Information

Standard status Active
Size 7,708 SF
Property subtype Commercial

Units

Unit Mix 8 x 1BR/1BA
Multifamily Units 8
Individually Metered Utilities unspecified utilities

Additional Details

Tenant in Place Yes

Building Details

Year Built 1956
Buildings 1
Listing Agency: RE/MAX Transitions
Listed By: Kit Custer · License #2013003758
Source: Mynexthomeonline
Added: Nov 1 Changed: Nov 8 Last Checked: Nov 8 at 7:10AM

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 RE/MAX Transitions

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Investment Insights

Based on property information with market context.

This 8-unit apartment building contains eight one-bedroom, one-bathroom units across 7,708 square feet. Built in 1956, the property has separately metered units, and electrical systems in the apartments were updated within the last 3 years. Lead-safe certification is in place with the 20-year option, along with a 2026 city certificate of rental occupancy.

One apartment is vacant and ready to lease. The owner pays for water, while tenants have separately metered units. Scheduled rent is $5,729 per month, and current rents range from $625 to $775. The building may be acquired individually or as part of a 25-unit, 4-building portfolio that includes 2565-69 Noble, 2657 Noble and 4016 Silsby.

Key Highlights

  • Eight 1‑bedroom/1‑bathroom apartments totaling 7,708 square feet
  • Electrical in the units updated within the last 3 years
  • Lead‑safe certified with the 20‑year option

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

559
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
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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 - Separately metered apartments have updated electrical, with the owner responsible for water service.
Where is this apartment building located?
The property is located at 2762 Noble Rd Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $792,000.
What are key features of this property?
This property features: Eight 1‑bedroom/1‑bathroom apartments totaling 7,708 square feet; Electrical in the units updated within the last 3 years; Lead‑safe certified with the 20‑year option
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