10-Unit Renovated Apartment
For Sale
Contact for pricing
9705 LORETTA AVE, Cleveland, OH 44102
Comprehensively renovated 10-unit apartment building with updated unit electrical breaker panels.
Property Size12,228 SF
Price / SF$73.19
Days on Market59
Property Features for 9705 LORETTA AVE
General Information
Standard status
Active
Size
12,228 SF
Class
B
Property subtype
Multifamily, Land
Zoning
MFA
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$55,000
Units
Unit Mix
10 x 2BR
Multifamily Units
10
Additional Details
Asking Price
$895,000
Building Details
Year Built
1929
Year Renovated
2022
Buildings
1
Stories
2
Units
10
Tenancy
Multi
Listing Agency:
Russell Commercial Advisory
Listed By:
Justin Campbell · License #201702330
(440) 892-2211
Source:
Crexi
Added: Jul 22
Changed: Sep 8
Last Checked: Sep 18 at 8:20AM
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 Russell Commercial Advisory
Investment Insights
Based on property information with market context.
9705 Loretta Ave is a renovated 10-unit apartment building built in 1929. The property has undergone an extensive full-gut rehabilitation, with apartment interiors and major building components updated as part of the renovation work. Electrical systems have been substantially updated, including individual breaker panels within each unit.
The building totals 12,228 SF and is offered as a multifamily investment in Northeast Ohio, positioned for rental growth as units turn and are repositioned closer to prevailing Lakewood and surrounding west-side rental levels.
For investors seeking a Cleveland-area multifamily asset with physical updates already in place, Loretta combines a comprehensively renovated exterior and interior with updated electrical infrastructure across the building’s units.
The building totals 12,228 SF and is offered as a multifamily investment in Northeast Ohio, positioned for rental growth as units turn and are repositioned closer to prevailing Lakewood and surrounding west-side rental levels.
For investors seeking a Cleveland-area multifamily asset with physical updates already in place, Loretta combines a comprehensively renovated exterior and interior with updated electrical infrastructure across the building’s units.
Key Highlights
- 10‑unit apartment building with extensive full‑gut rehabilitation
- Electrical systems substantially updated, including individual breaker panels in each unit
- Built in 1929
Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
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Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
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 - Comprehensively renovated 10-unit apartment building with updated unit electrical breaker panels.
Where is this apartment building located?
The property is located at 9705 LORETTA AVE Cleveland, OH.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 10‑unit apartment building with extensive full‑gut rehabilitation; Electrical systems substantially updated, including individual breaker panels in each unit; Built in 1929
