885 S Green RD, South Euclid, OH 44121
885 S Green RD, South Euclid, OH 44121
885 S Green RD, South Euclid, OH 44121
885 S Green RD, South Euclid, OH 44121
885 S Green RD, South Euclid, OH 44121
885 S Green RD, South Euclid, OH 44121
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David Margolis

David Margolis

+1(216) 403-8079
$ 1,799,000
Est. payment | /mo

1.09 Acres Lot

Save
$ 1,799,000
Est. payment | /mo
Save

1.09 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision R T Monroes Bluestone Green

MLS Listing ID 5236791

HOA Y/N No

Year Built 1958

Annual Tax Amount $39,588

Tax Year 2025

Lot Size 1.086 Acres

Acres 1.086

Property Sub-Type Apartment

Property Description

Stabilized 18-unit multifamily portfolio in great rental market! Consisting of two neighboring brick apartment buildings in South Euclid, these units offer immediate cash flow with limited deferred maintenance and room for continued rent growth. The property includes sixteen 2-bedroom and two 1-bedroom apartments and is currently producing an 7.73% cap rate with a projected 8.69% pro forma cap rate through normal lease renewals and one remaining vacancy. Ownership has invested over $224,000 in recent capital improvements, including renovated kitchens and baths, updated flooring, electrical panel upgrades, mechanical improvements, security cameras, and a new roof on 885 S. Green (2025). Building 885 features central air, 10 garage spaces, 6 surface parking spaces, owner-owned laundry, newer furnaces and hot water tanks. Building 893 offers 8 garage spaces, 4 surface spaces, owner-owned laundry, updated units, one commercial hot water tank, and one vacant unit ready for lease-up. Located next to the Euclid Creek Reservation and minutes from Cleveland Clinic, University Hospitals, Beachwood, Cleveland Heights, shopping, dining, and Metroparks, this is an excellent opportunity to acquire a well-maintained investment property with stable income and long-term appreciation. Seller is also selling 24 units across the street. Buyers interested in the entire 42 units will have the opportunity to quality for up to 15% of seller financing.

Location

State OH

County Cuyahoga

Rooms

Basement Apartment, Full

Interior

Heating Forced Air

Cooling Central Air, Window Unit(s)

Fireplace No

Exterior

Parking Features Carport, Detached Carport, Driveway, Detached, Garage, Off Street, Parking Lot

Amenities Available Bike Storage

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Flat

Total Parking Spaces 28

Building

Foundation Basement

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District South Euclid-Lyndhurst - 1829

Others

Tax ID 701-27-004

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Erin Thomas • Keller Williams Living • Erinthomas@kwcommercial.com, 440-670-2300

Schools and Properties Nearby

David Margolis
David Margolis

Agent License ID: 2011001930

+1(216) 403-8079 | dbmgolis@me.com

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885 S Green RD