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Eight-Unit Brick Apartment Building
New
For Sale
$355,000

975 Parkwood Drive, Cleveland, OH 44108

CommercialSale, Cleveland, OH

Property SizeContact for details
Lot Size0.26 Acres
Days on Market5

Property Features for 975 Parkwood Drive

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Multi-Family
Rooms Basement
Parking features Parking Lot, Garage
Subdivision Amor & Carpenter
Elementary school district Cleveland Municipal - 1809
Middle school district Cleveland Municipal - 1809
High school district Cleveland Municipal - 1809
Directions Between Primrose and Earle Ave; property is on the east side of Parkwood Dr.
Standard status Active
APN 109-20-048
Lot size 0.26 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 370 A&C 0127 ALL
Tax Annual Amount 11514
Legal Description 370 A&C 0127 ALL

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Steam
Water source Public

Building Details

Year built 1920
Floors in Building 2
Roof type Composition, Flat
Listing Agency: B2B Realty
Listed By: Ryan Walsh · License #2023006206
Added: Aug 31 Last Checked: Sep 4 at 8:06AM
MLS# 5237406

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This all-brick apartment property contains eight units with spacious two- and three-bedroom, one-bath floor plans. Four units are currently rented, while the remaining units are vacant and require rent-ready work before occupancy. The configuration supports a combination of existing tenancy and renovation activity within the same building.

Built in 1920, the property sits on 0.2597 acres and includes both a parking lot and garage parking. Additional physical features include a basement, composition and flat roof sections, hot water and steam heating, public water, and public sewer. The property is located in Cleveland, Ohio, within Cuyahoga County.

Key Highlights

  • Eight‑unit all‑brick apartment property
  • Four units currently rented
  • Two- and three‑bedroom, one‑bath layouts

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center Spa & Massage Center Building Supply

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

389
Businesses Nearby

Demographics for 44108, OH

20,005
Population
11,798
Households
1.7
Avg Household Size
41
Median Age
16%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,446
Density / Sq Mi
$32,530
Median Household Income
$29,040
Median Earnings
$910
Median Rent
$62,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Mixed two- and three-bedroom layouts include occupied units alongside vacant space requiring rent-ready improvements.
Where is this apartment building located?
The property is located at 975 Parkwood Drive Cleveland, OH.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Eight‑unit all‑brick apartment property; Four units currently rented; Two- and three‑bedroom, one‑bath layouts
More about this property
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