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Garden-Style Apartment Building
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7559 MENTOR AVE, Mentor, OH 44060

Multifamily property with varied unit layouts, private exterior entries, and shared laundry facilities.

Property Size41,718 SF
Days on Market144

Property Features for 7559 MENTOR AVE

General Information

Standard status Active
Size 41,718 SF
Property subtype Multifamily
Occupancy 97%

Additional Details

Highway Access Yes
Multifamily Units 57

Amenities

common area laundry rooms

Building Details

Year Built 1960
Stories 1
Units 57
Construction garden-style
Listing Agency: Berkadia Real Estate Advisors LLC
Listed By: Robert Starrett · License #20230000830
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 9:14PM

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 Berkadia Real Estate Advisors LLC

Investment Insights

Based on property information with market context.

This 57-unit garden-style apartment property includes studio, one-bedroom, and two-bedroom residences. Each unit has its own exterior entrance, while common laundry rooms serve the community. The property presents an opportunity to renovate the 51% of units that remain unfinished, with proven rent minimums identified in the offering information.

The apartments are located at 7559 Mentor Ave in Mentor, Ohio, approximately 20 miles east of downtown Cleveland. Retail and dining options are nearby, and the property is within minutes of I-90 and Route 2.

Key Highlights

  • 57‑unit garden‑style apartment property
  • Unit mix includes studios, one‑bedroom, and two‑bedroom apartments
  • Individual exterior doors for every unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Carpet & Flooring Store Locksmith Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

57
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

824
Businesses Nearby

Demographics for 44060, OH

60,360
Population
27,276
Households
2.2
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
39.9 sq mi
ZIP Area
1,513
Density / Sq Mi
$85,881
Median Household Income
$51,736
Median Earnings
$1,156
Median Rent
$227,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with varied unit layouts, private exterior entries, and shared laundry facilities.
Where is this apartment building located?
The property is located at 7559 MENTOR AVE Mentor, OH.
What are key features of this property?
This property features: 57‑unit garden‑style apartment property; Unit mix includes studios, one‑bedroom, and two‑bedroom apartments; Individual exterior doors for every unit
More about this property
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