Home ›

Commercial Real Estate for Sale at 17901 Lake Shore Boulevard in Cleveland, OH for $1,290,000

Listing data last changed 08/05/2025 - 3:37pm
Javascript is required to view this map.
Tools

17901 Lake Shore Boulevard | Cleveland

$1,290,000 | 0.0 Sq. Ft.

Prime investment opportunity! This well-maintained 18-unit apartment building (9 one-bedroom, 9 two-bedroom) offers strong in-place cash flow with immediate upside potential. Currently 100% occupied with below-market rents (1BD $840 vs. $869 market; 2BD $933 vs. $1,037 market), this property presents an easy path to increase NOI. Recent upgrades include new roofs (2017), updated boiler system, modern electrical panels, parking lot, units update, and landscaped grounds \u2013 all with minimal deferred maintenance.\r\n\r\nIdeally located in Cleveland\u0027s desirable Lakeshore neighborhood, just minutes from Lake Erie parks, shopping centers, and downtown employment hubs. With an 8.5% cap rate and excellent tenant retention, this is a turnkey asset for investors seeking stable cash flow with built-in appreciation potential. \r\n\r\nFinancials available to qualified buyers. Perfect for 1031 exchange or portfolio expansion. Schedule your private showing today!\u0022*\r\n\r\nKey Features Included:\r\n? 8.5% Cap Rate\r\n? $28,728 Annual Rent Upside\r\n? 100% Occupancy\r\n? Major Upgrades\r\n? Prime Lakeshore Location MLSNow 5143268 Directions to property: Start at Public Square (Downtown Cleveland) \u2013 Head northeast toward E. Roadway.\r\nMerge onto I-90 E (via the ramp on the right, toward I-77/I-90/Buffalo).\r\nDrive 4.5 miles on I-90 E (~6 minutes).\r\nTake Exit 174 (Eddy Road) \u2013 Turn right onto Eddy Rd.\r\nTurn left onto Lakeshore Blvd \u2013 Continue for 0.4 miles.\r\nArrive at 17901 Lakeshore Blvd \u2013 The property will be on your right, just past the Lake Erie shoreline.

MLS Listing ID: 
MLSNow 5143268
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,290,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland
Address: 
17901 Lake Shore Boulevard, Cleveland, OH 44119
County: 
Cuyahoga
Latitude: 
41.5877210
Longitude: 
-81.5565870
Directions: 
Start at Public Square (Downtown Cleveland) \u2013 Head northeast toward E. Roadway.\r\nMerge onto I-90 E (via the ramp on the right, toward I-77/I-90/Buffalo).\r\nDrive 4.5 miles on I-90 E (~6 minutes).\r\nTake Exit 174 (Eddy Road) \u2013 Turn right onto Eddy Rd.\r\nTurn left onto Lakeshore Blvd \u2013 Continue for 0.4 miles.\r\nArrive at 17901 Lakeshore Blvd \u2013 The property will be on your right, just past the Lake Erie shoreline.
Public Remarks: 
Prime investment opportunity! This well-maintained 18-unit apartment building (9 one-bedroom, 9 two-bedroom) offers strong in-place cash flow with immediate upside potential. Currently 100% occupied with below-market rents (1BD $840 vs. $869 market; 2BD $933 vs. $1,037 market), this property presents an easy path to increase NOI. Recent upgrades include new roofs (2017), updated boiler system, modern electrical panels, parking lot, units update, and landscaped grounds \u2013 all with minimal deferred maintenance.\r\n\r\nIdeally located in Cleveland\u0027s desirable Lakeshore neighborhood, just minutes from Lake Erie parks, shopping centers, and downtown employment hubs. With an 8.5% cap rate and excellent tenant retention, this is a turnkey asset for investors seeking stable cash flow with built-in appreciation potential. \r\n\r\nFinancials available to qualified buyers. Perfect for 1031 exchange or portfolio expansion. Schedule your private showing today!\u0022*\r\n\r\nKey Features Included:\r\n? 8.5% Cap Rate\r\n? $28,728 Annual Rent Upside\r\n? 100% Occupancy\r\n? Major Upgrades\r\n? Prime Lakeshore Location
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
East Shore Park
Building Details
Details about the building on a property.
Year Built: 
1977
Living Area: 
0.0
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: 
Forced Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.34
Lot Size (Area): 
0.34
Public Record
Parcel Number: 
114-02-022
Annual Tax: 
$22,682.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Disclosures: 
Owner Is Listing Agent
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
OwnerLand Realty, Inc.

Request More Information