Brick Apartment Building with 1BR
For Sale
Contact for pricing
4787 W 130th St, Cleveland, OH 44135
The Sprecher Apartment Building is an eight-unit, all-brick multifamily property built in 1962. It is currently 100% occupied with 1-bedroom, 1-bath units.
Property Size5,078 SF
Lot Size0.16 Acres
Days on Market121
Property Features for 4787 W 130th St
General Information
Standard status
Active
Size
5,078 SF
Lot size
0.16 Acres
Property subtype
Multifamily
Occupancy
100%
Additional Details
Cap Rate
8.32%
Multifamily Units
8
Building Details
Year Built
1962
Construction
brick
Tenancy
Multi
Listing Agency:
Green Bridge Real Estate
(216) 452-9292
Listed By:
Matthew King · License #BRK-20090002834
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 1:37PM
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 Green Bridge Real Estate
Investment Insights
Based on property information with market context.
The Sprecher Apartment Building is an eight-unit, all-brick multifamily property built in 1962. The building contains 1-bedroom, 1-bath apartment units and totals 5,078 square feet. The property is currently 100% occupied.
The asset is offered for sale as an out-of-state owner-direct transaction. It is located at 4787 W 130th Street in Cleveland, Ohio.
Projected 2019 net operating income at 100% occupancy and market rents is reported as $41,614, with an indicated capitalization rate of 12.06% at the sale price. Current net annual income is reported as $28,714, with an indicated capitalization rate of 8.32%.
The asset is offered for sale as an out-of-state owner-direct transaction. It is located at 4787 W 130th Street in Cleveland, Ohio.
Projected 2019 net operating income at 100% occupancy and market rents is reported as $41,614, with an indicated capitalization rate of 12.06% at the sale price. Current net annual income is reported as $28,714, with an indicated capitalization rate of 8.32%.
Key Highlights
- 8‑unit all‑brick apartment building built in 1962 on 0.16 acres (5,078 SF).
- All units are 1 bedroom, 1 bathroom.
- 100% occupied with market tenants (no subsidy vouchers).
Property Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 44135, OH
26,684
Population
12,035
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
84%
High-School Grad
10.2 sq mi
ZIP Area
2,616
Density / Sq Mi
$48,930
Median Household Income
$36,444
Median Earnings
$935
Median Rent
$119,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - The Sprecher Apartment Building is an eight-unit, all-brick multifamily property built in 1962. It is currently 100% occupied with 1-bedroom, 1-bath units.
Where is this apartment building located?
The property is located at 4787 W 130th St Cleveland, OH.
What are key features of this property?
This property features: 8‑unit all‑brick apartment building built in 1962 on 0.16 acres (5,078 SF).; All units are 1 bedroom, 1 bathroom.; 100% occupied with market tenants (no subsidy vouchers).
