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28-Unit Brick Apartment Building

3016 S Moreland Boulevard, Shaker Heights, OH 44120

For Sale
$1,325,000

All 28 apartments are one-bedroom, one-bath units with open layouts, and the building is fully occupied.

Property SizeContact for details
Days on Market725

Property Features for 3016 S Moreland Boulevard

General Information

Standard status Active
Property subtype Apartment
Occupancy 100%

Units

Unit Mix 28 x 1BR/1BA
Multifamily Units 28

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $32,163

Building Details

Year Built 1938
Buildings 1
Construction brick
Listing Agency: Berkshire Hathaway HomeServices Professional Realty
Listed By: Joseph A Zingales · License #2013000048
Source: Lifestagesrealty
Added: Nov 14, 2024 Changed: Nov 3 Last Checked: Nov 7 at 9:19AM

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 Berkshire Hathaway HomeServices Professional Realty

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Investment Insights

Based on property information with market context.

Built in 1938, this brick apartment property at 3016 S Moreland Boulevard contains 28 one-bedroom, one-bath apartments with open floor plans. The building has been freshly painted and is lead certified. A boiler was installed within the last 2 years, and an on-site manager currently serves the property; the manager may be willing to remain after a transfer of ownership.

The property is in Shaker Heights, in the Historic Shaker Square area. All apartments are currently occupied.

Key Highlights

  • 28 one‑bedroom, one‑bath apartments with open floor plans
  • Fully occupied
  • Brick construction; built in 1938

Property Analytics

Lease Details

28
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

645
Businesses Nearby

Demographics for 44120, OH

34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value

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 - All 28 apartments are one-bedroom, one-bath units with open layouts, and the building is fully occupied.
Where is this apartment building located?
The property is located at 3016 S Moreland Boulevard Shaker Heights, OH.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 28 one‑bedroom, one‑bath apartments with open floor plans; Fully occupied; Brick construction; built in 1938
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