Property summary
Maple Lee Apartments presents a compelling value-add investment opportunity in Maple Heights, OH, within the Cleveland MSA. This 34-unit apartment community, situated on a 0.88-acre lot at 5141-5151 Lee Rd, 44137, comprises two three-story buildings constructed in 1958 and extensively renovated in 2022. The property boasts a strong 97.06% occupancy rate (as of October 25, 2024) and a current NOI of $139,138, projecting to $140,494. The asking price is $2,300,000, representing a price per unit… of $67,647.06 and a 6.05% cap rate (6.11% pro-forma). The 22,800 square feet of net rentable space includes a mix of one- and two-bedroom units ranging from 600 to 800 square feet, each featuring updated amenities such as refinished cabinetry, granite countertops, and luxury vinyl plank flooring. Community features include carport parking, secure entryways, laundry facilities in each building, a maintenance garage, and storage lockers. Tenants pay gas and electric, while the owner covers water/sewer and trash. Significant capital improvements exceeding $800,000 have been made since 2021, encompassing new vinyl windows (excluding two units due to COVID-related delays), common area upgrades, parking lot repaving, landscaping enhancements, HVAC replacements, and unit renovations. The property's convenient location near I-480 and I-271, along with proximity to major employers like a large Amazon fulfillment center and downtown Cleveland, ensures strong tenant demand. The property is offered free and clear of existing debt, presenting a significant opportunity for increased NOI through hands-on management and potential utility billback implementation.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
2 recorded sales · 8 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 0.88 ac
- Year built
- 1958
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
The PDF can’t be displayed here
Use Download PDF or Open in new tab above to view the sample report.
