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Commercial Real Estate for Sale at 522 Clearview Drive in Euclid, OH for $3,400,000

Listing data last changed 05/21/2026 - 4:47pm
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522 Clearview Drive | Euclid

$3,400,000 | 0.0 Sq. Ft.

Rare opportunity to acquire a stabilized, 65-unit condo portfolio within a 268-unit community in the high-demand submarket of Euclid, Ohio offering both immediate yield and long-term upside. Comprising entirely of two-bedroom, one-bath townhome style units, this portfolio sits at 98% occupancy and is operating at a strong 10\u002B% cap rate on actuals based on an asking price of $3.4M, with a clear trajectory to exceed double-digit returns through strategic rent increases on renewals.\r\n\r\nCurrently grossing nearly $60,000 per month, the portfolio has a proforma monthly rent of over $66,000 once minor rent bumps are put into place. The majority of units were renovated between 2023 and 2025, minimizing near-term capital needs and enhancing tenant appeal. \r\n\r\nThis is a rare chance for sophisticated investors to secure scale, control, and performance in a tight rental market. Serious inquiries only. MLSNow 5147897 Directions to property: North of I-90

MLS Listing ID: 
MLSNow 5147897
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$3,400,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Euclid
Address: 
522 Clearview Drive, Euclid, OH 44123
County: 
Cuyahoga
Latitude: 
41.6030140
Longitude: 
-81.5231690
Directions: 
North of I-90
Public Remarks: 
Rare opportunity to acquire a stabilized, 65-unit condo portfolio within a 268-unit community in the high-demand submarket of Euclid, Ohio offering both immediate yield and long-term upside. Comprising entirely of two-bedroom, one-bath townhome style units, this portfolio sits at 98% occupancy and is operating at a strong 10\u002B% cap rate on actuals based on an asking price of $3.4M, with a clear trajectory to exceed double-digit returns through strategic rent increases on renewals.\r\n\r\nCurrently grossing nearly $60,000 per month, the portfolio has a proforma monthly rent of over $66,000 once minor rent bumps are put into place. The majority of units were renovated between 2023 and 2025, minimizing near-term capital needs and enhancing tenant appeal. \r\n\r\nThis is a rare chance for sophisticated investors to secure scale, control, and performance in a tight rental market. Serious inquiries only.
Community Information
School District: 
Euclid CSD - 1813
Subdivision: 
Blisswood Village Condo
Building Details
Details about the building on a property.
Year Built: 
1951
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: 
1.67
Lot Size (Area): 
1.67
Public Record
Parcel Number: 
643-02-446
Annual Tax: 
$49,106.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Russell Real Estate Services

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