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Commercial Real Estate for Sale at 1615 Ridgefield Road in Cleveland Heights, OH for $625,000

Listing data last changed 09/08/2025 - 5:27pm
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1615 Ridgefield Road | Cleveland Heights

$625,000 | 0.0 Sq. Ft.

Look at this 10 UNIT BRICK apartment building in the heart of Cleveland Heights! This charming property offers 10 one bedroom/one bath units! Cash flowing! 7 out of 10 units occupied! Built in 1930- Classic ALL brick construction with 25 plus combined parking spaces! Professional Property Management in place! Current rents: $700/$775/$775/$775/$800/$795/$900 on leases and pay their own electric. Rent Roll/Expenses in supplements or available upon request. \r\nUpdates include: ALL units renovated rent ready except 1 unit in basement (untouched)- with 2 vacant units ready for your tenant, 2023 full gas line repairs throughout building over $12K done, Boiler scheduled to be fully replaced in October 2025! POS in supplements, as is, buyer to assume. Great Property! \r\nHigh rental demand area! Great location with 12 minutes from Downtown Cleveland, close to Case Western University, parks, shopping, world renown hospital systems: University Hospitals and Cleveland Clinic, museums and more! MLSNow 5125616 Directions to property: North of Mayfield Road, West of Lee Road, Off of Superior.

MLS Listing ID: 
MLSNow 5125616
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$625,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland Heights
Address: 
1615 Ridgefield Road, Cleveland Heights, OH 44118
County: 
Cuyahoga
Latitude: 
41.5157140
Longitude: 
-81.5746780
Directions: 
North of Mayfield Road, West of Lee Road, Off of Superior.
Public Remarks: 
Look at this 10 UNIT BRICK apartment building in the heart of Cleveland Heights! This charming property offers 10 one bedroom/one bath units! Cash flowing! 7 out of 10 units occupied! Built in 1930- Classic ALL brick construction with 25 plus combined parking spaces! Professional Property Management in place! Current rents: $700/$775/$775/$775/$800/$795/$900 on leases and pay their own electric. Rent Roll/Expenses in supplements or available upon request. \r\nUpdates include: ALL units renovated rent ready except 1 unit in basement (untouched)- with 2 vacant units ready for your tenant, 2023 full gas line repairs throughout building over $12K done, Boiler scheduled to be fully replaced in October 2025! POS in supplements, as is, buyer to assume. Great Property! \r\nHigh rental demand area! Great location with 12 minutes from Downtown Cleveland, close to Case Western University, parks, shopping, world renown hospital systems: University Hospitals and Cleveland Clinic, museums and more!
Community Information
School District: 
Cleveland Hts-Univer - 1810
Subdivision: 
Euclid 09
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1930
Living Area: 
0.0
Basement: 
Other
Construction
Roof: 
Other,Spanish Tile
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Hot Water,Steam
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.14
Lot Size (Area): 
0.14
Lot Features
Parking Type: 
Asphalt,Parking Lot,On Street
Total Parking Spaces: 
25
Public Record
Parcel Number: 
684-03-033
Annual Tax: 
$19,200.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Coldwell Banker Schmidt Realty

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