67-Unit Townhome Multifamily
For Sale
Contact for pricing
Pending
481 Kenwood Dr, Euclid, OH 44123
Bulk condominium portfolio with brick townhome construction, private basements, deeded garages, and HOA-assigned surface parking.
Property SizeContact for details
Days on Market142
Property Features for 481 Kenwood Dr
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
90%
Net Operating Income
$331,571
Financials
Asking Price
$3,900,000
Cap Rate
8.5%
Average Monthly Rent
$878.23
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
67
Building Details
Year Built
1951
Construction
brick/block
Listing Agency:
Green Bridge Real Estate
(216) 452-9292
Listed By:
Matthew King · License #BRK-20090002834
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 3:44AM
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.
This multifamily portfolio includes 67 condominium townhomes within Blisswood Village. Each residence is two stories, constructed with brick or block, and includes an approximately 625-square-foot living area plus a 312.5-square-foot basement. The community was built in 1951 and provides deeded garage spaces along with HOA-assigned surface parking. About 5 units have undergone extensive renovation, while additional residences have received improvements. Central air is installed in 28 units.
The portfolio is operating at 89.55% occupancy, with 60 of 67 units occupied. Average rents are $878.23, while new leases and renewals are being signed at $925. Thirty-six leases are at or above $900. The HOA maintains driveways, parking areas, exteriors, grounds, roofs, common areas, lighting, and trash. The property is adjacent to Briardale Golf Course and near Euclid municipal recreational facilities, Lake Erie, I-90, and Babbitt Road.
The portfolio is operating at 89.55% occupancy, with 60 of 67 units occupied. Average rents are $878.23, while new leases and renewals are being signed at $925. Thirty-six leases are at or above $900. The HOA maintains driveways, parking areas, exteriors, grounds, roofs, common areas, lighting, and trash. The property is adjacent to Briardale Golf Course and near Euclid municipal recreational facilities, Lake Erie, I-90, and Babbitt Road.
Key Highlights
- 67 condominium units offered as one bulk multifamily portfolio
- Two‑story brick/block townhomes with approximately 625 SF plus 312.5‑square‑foot basements
- Built in 1951 with deeded garage spaces and HOA‑assigned surface parking
Property Analytics
Current Use
Lease Details
67
Residential units
89.6%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 44123, OH
17,620
Population
9,176
Households
1.9
Avg Household Size
39
Median Age
23%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
7,048
Density / Sq Mi
$54,979
Median Household Income
$39,047
Median Earnings
$1,036
Median Rent
$103,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Bulk condominium portfolio with brick townhome construction, private basements, deeded garages, and HOA-assigned surface parking.
Where is this multifamily property located?
The property is located at 481 Kenwood Dr Euclid, OH.
What are key features of this property?
This property features: 67 condominium units offered as one bulk multifamily portfolio; Two‑story brick/block townhomes with approximately 625 SF plus 312.5‑square‑foot basements; Built in 1951 with deeded garage spaces and HOA‑assigned surface parking
