59-Unit Apartment
For Sale
$6,500,000
4101-5753 Ridge Road, Cleveland, OH 44144
CommercialSale, Cleveland, OH
Property SizeContact for details
Lot Size5.00 Acres
Days on Market874
Property Features for 4101-5753 Ridge Road
General Information
Property type
Commercial Sale
Property subtype
Apartment
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
On Ridge Rd spanning from the Ridge & Memphis area to the Ridge & Day Drive area.
Standard status
Active
APN
433-06-007
Lot size
5.00 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
84311
Utilities
Heating system
Natural Gas
Building Details
Year built
1950
Listing Agency:
The Holton-Wise Property Group LLC
Listed By:
James P Wise · License #2015001161
(216) 661-6633
Added: May 4, 2024
Changed: Sep 21
Last Checked: Sep 24 at 7:06PM
MLS# 5035862
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 multifamily offering includes 59 apartment units distributed among 8 buildings. The properties were built in 1950 and have been renovated, with professional management in place across the portfolio. Natural gas is identified as the heating source, and the combined land area totals 5 acres.
The buildings are located across Cleveland, Brooklyn, and Parma, Ohio, with the Cleveland properties associated with Ridge Road. The portfolio is presented as a stabilized rental operation with existing cash flow, and professional property management is available. Additional materials referenced for the offering include a rent roll, investment analysis, building specifications, video tour, and drone footage.
The buildings are located across Cleveland, Brooklyn, and Parma, Ohio, with the Cleveland properties associated with Ridge Road. The portfolio is presented as a stabilized rental operation with existing cash flow, and professional property management is available. Additional materials referenced for the offering include a rent roll, investment analysis, building specifications, video tour, and drone footage.
Key Highlights
- 59 apartment units across 8 buildings
- 5‑acre combined land area
- Properties located in Cleveland, Brooklyn, and Parma, Ohio
Property Analytics
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Current Use
Lease Details
59
Residential units
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Explore this area
Business Placement
Demographics for 44144, OH
21,361
Population
9,994
Households
2.1
Avg Household Size
42
Median Age
20%
College-Educated
88%
High-School Grad
5.5 sq mi
ZIP Area
3,884
Density / Sq Mi
$59,775
Median Household Income
$37,318
Median Earnings
$923
Median Rent
$138,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartment portfolio with professional management across multiple Northeast Ohio locations.
Where is this apartment building located?
The property is located at 4101-5753 Ridge Road Cleveland, OH.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 59 apartment units across 8 buildings; 5‑acre combined land area; Properties located in Cleveland, Brooklyn, and Parma, Ohio
