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1327 W 67th St
Cleveland, OH 44102 Gordon Square Arts District

$565,000 USD

Apartments For Sale  •  5,015 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,015 SF
  • Lot Size 0.09 AC
  • Building Class C
  • Year Built 1900
  • Zoning 2F
40 Transit Score
60 Walk Score

Highlights

8.4% Cap Rate Asset: Offered at $565,000 ($94,166/unit) with a current Net Operating Income (NOI) of $47,463.
Immediate Value-Add Potential: Currently 100% occupied with below-market leases, providing an immediate path to organic revenue growth.
2025 Complete Renovation: Turn-key property featuring a newer roof (front building) and recent high-end cosmetic refreshes across all six units.
Tenant-Paid Utilities: Landlord pays only water and sewer; separate meters shift all individual heating (gas) and electric expenses to tenants.
Prime Arts District Location: Nestled in the heart of Cleveland’s trendy Gordon Square, offering high walkability to retail, dining, & Edgewater Beach
Ancillary Income Opportunity: Low-maintenance .09-acre parcel includes on-site laundry facilities primed for immediate coin-op monetization.

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Heating
  • Gas Range
  • Refrigerator
  • Oven
  • Range
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 11 min - 4.1 mi
Transit/SubwayDriveWalkDistance
West 65 - Lorain (Red Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 3 min 14 min 0.7 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 22 min - 11.1 mi
Matthew King 440-552-5858 Green Bridge Real Estate
Matthew King 440-552-5858 Green Bridge Real Estate