Six-Unit Apartment
For Sale
$550,000
Pending
4387 Center St, Willoughby, OH 44094
Fully occupied multifamily property with off-street parking, tenant-paid utilities, and storage or laundry space for nearly every unit.
Property SizeContact for details
Days on Market10
Property Features for 4387 Center St
General Information
Standard status
Pending
Occupancy
100%
Financials
Cap Rate
10%
Gross Income
$75,600
Units
Unit Mix
3 x 2BR, 2 x 1BR, 1 x efficiency
Multifamily Units
6
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,700
Amenities
in-unit washer/dryer
basement storage
laundry
Building Details
Buildings
1
Listing Agency:
The Agency Cleveland Northcoast
(330) 618-2118
Listed By:
Mary A Markulis · License #2003017990
(330) 618-2118
Source:
Exprealty
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 9 at 1:25PM
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 The Agency Cleveland Northcoast
Investment Insights
Based on property information with market context.
This six-unit apartment building in Willoughby includes three two-bedroom apartments, two one-bedroom apartments, and one efficiency unit. The property is fully occupied and was recently painted, with wood flooring across most of the units. Each apartment has an assigned off-street parking space, while some spaces are located behind the building. Tenants pay their own utilities, and most units include private basement areas used for storage and laundry. Washers and dryers remain in many of the units, although some residents have supplied their own equipment.
The property is located at 4387 Center St in Willoughby, Ohio, within the city’s historical corridor. Showings require at least 48 hours’ notice, and access to every unit may not be available before contract.
The property is located at 4387 Center St in Willoughby, Ohio, within the city’s historical corridor. Showings require at least 48 hours’ notice, and access to every unit may not be available before contract.
Key Highlights
- Six‑unit apartment building with three 2‑bedroom units, two 1‑bedroom units, and one efficiency apartment
- Fully occupied property with a roughly 10% cap rate
- Each unit includes an off‑street parking spot; some parking is behind the building
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Explore this area
Business Placement
Demographics for 44094, OH
37,634
Population
18,323
Households
2.1
Avg Household Size
46
Median Age
39%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
948
Density / Sq Mi
$76,125
Median Household Income
$49,393
Median Earnings
$1,155
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with off-street parking, tenant-paid utilities, and storage or laundry space for nearly every unit.
Where is this apartment building located?
The property is located at 4387 Center St Willoughby, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Six‑unit apartment building with three 2‑bedroom units, two 1‑bedroom units, and one efficiency apartment; Fully occupied property with a roughly 10% cap rate; Each unit includes an off‑street parking spot; some parking is behind the building
