Lake Apartment Sale Pending near Lake Erie - Cuyahoga County

***DO NOT DISTURB OR APPROACH ANY TENANTS***Exceptional investment opportunity - 7-property, 16-unit multifamily portfolio located throughout Cleveland and Cleveland Heights. The package includes 5 duplexes and 2 triplexes, all 100% occupied, with in house management and maintenance willing to stat on for a new owner. Current combined gross rent is approximately $12,100 per month, with market potential of $14,000-$15,000 as leases renew and rents are brought to market. Tenant mix includes both market-rate and subsidized residents, offering steady income and guaranteed rent stability. All properties feature separate utilities, solid rental histories, and a mix of recent updates including roofs, siding, and mechanicals. This portfolio provides a balanced blend of stabilized assets and light value-add opportunities across improving Cleveland submarkets. Available individually or as a full package, offering immediate scale, diversification, and long-term upside potential. Addresses include:732 E 127th St, 479 E 126th St, 13615 Earlwood Rd, 17834 Dillewood Rd, 1081 E 171st St, 817 Helmsdale Rd, and 12700 Lenacrave Ave. Contact listing agent for detailed rent rolls, financials. Must sign NDA. ***AGENTS READ ALL REMARKS FOR INSTRUCTIONS****DO NOT DISTURB OR APPROACH ANY TENANTS***

Property Details

  • Beds: 0
  • Baths: 0.0
  • Year Built: 1910
  • Location: Lake Erie - Cuyahoga County
  • Acres: 1.000
  • County: Cuyahoga County
  • Heat/AC: Natural Gas, Forced Air
  • Roof:
  • Property Taxes: $12,870
  • MLS #: 5171130

Location

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Contact Information:

Contact Agent
Listing Agent: Michael L Magno, KW Living, 216-236-8849, 440-318-1620 Listing Site, Listing Status: Pending
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Ad Statistics:

Lake Apartment Sale Pending in Cleveland, Ohio
Ad Number : 6943994
Viewed: 2 times
Added: Nov 26, 2025
Updated on: Nov 26, 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified.