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The Franklin Apartments 1549 W 117th St 20 Unit Apartment Building $1,295,000 ($64,750/Unit) 7.50% Cap Rate Cleveland, OH 44107

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INVESTMENT HIGHLIGHTS

High Foot Traffic

Major Intersection

EXECUTIVE SUMMARY

20-unit apartment building for sale in Cleveland located at a major intersection. Offered for sale at $1,295,000.

PROPERTY FACTS Under Contract

Price	$1,295,000	Building Class	C
Price Per Unit	$64,750	Lot Size	0.34 AC
Sale Type	Investment	Building Size	13,980 SF
Cap Rate	7.50%	Average Occupancy	100%
No. Units	20	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1910/2014
Property Subtype	Apartment	Parking Ratio	0.93/1,000 SF
Apartment Style	Low-Rise

Price	$1,295,000
Price Per Unit	$64,750
Sale Type	Investment
Cap Rate	7.50%
No. Units	20
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.34 AC
Building Size	13,980 SF
Average Occupancy	100%
No. Stories	3
Year Built/Renovated	1910/2014
Parking Ratio	0.93/1,000 SF

AMENITIES

Smoke Detector

UNIT AMENITIES

Heating
Ceiling Fans

Kitchen
Refrigerator

Oven
Range

Carpet
Window Coverings

SITE AMENITIES

Vintage Building

Public Transportation

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	10	-	650
2+1	10	-	800

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Walk Score®

Very Walkable (79)

Bike Score®

Very Bikeable (75)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	001-22-056	Improvements Assessment	$231,140
Land Assessment	$31,290	Total Assessment	$262,430

PROPERTY TAXES

Parcel Number

001-22-056

Land Assessment

$31,290

Improvements Assessment

$231,140

Total Assessment

$262,430

ZONING

Zoning Code	Multi-Family
Multi-Family

Listing ID: 34871929
Date on Market: 2/19/2025
Last Updated:
Address: 1549 W 117th St, Cleveland, OH 44107

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1549 W 117th St, Cleveland, OH for sale Building Photo- Image 1 of 13 — Exterior Front

1549 W 117th St, Cleveland, OH for sale Building Photo- Image 2 of 13 — Exterior Door

1549 W 117th St, Cleveland, OH for sale Building Photo- Image 3 of 13 — Exterior Franklin side

1549 W 117th St, Cleveland, OH for sale Building Photo- Image 4 of 13 — Common area

1549 W 117th St, Cleveland, OH for sale Building Photo- Image 5 of 13 — Common area

1549 W 117th St, Cleveland, OH for sale Building Photo- Image 6 of 13 — Common area

1549 W 117th St, Cleveland, OH for sale Building Photo- Image 7 of 13 — Kit1

1549 W 117th St, Cleveland, OH for sale Building Photo- Image 8 of 13 — LR2

1549 W 117th St, Cleveland, OH for sale Building Photo- Image 9 of 13 — DR1

1549 W 117th St, Cleveland, OH for sale Building Photo- Image 10 of 13 — Kit1

1549 W 117th St, Cleveland, OH for sale Building Photo- Image 12 of 13 — Bath1

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