1615 Ridgefield Road Cleveland Heights, OH $ 619,000
1615 Ridgefield Road
$ 619,000
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1615 Ridgefield Road

Cleveland Heights, OH, 44118
$ 619,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,811

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Commercial Property for sale in Cleveland Heights, OH

for $619,000. This building was built in 1930 on a lot size of 0.1401.

Look at this 10 UNIT BRICK apartment building in the heart of Cleveland Heights! This charming property offers 10 one bedroom/one bath units! Cash flowing! 7 out of 10 units occupied! Built in 1930- Classic ALL brick construction with 25 plus combined parking spaces! Professional Property Management in place! Current rents: $700/$775/$775/$775/$800/$795/$900 on leases and pay their own electric. Nice parking lot with 25 combined parking spaces! Rent Roll/Expenses in supplements or available upon request. Updates include: ALL units renovated rent ready except 1 unit in basement (untouched)- with 2 vacant units ready for your tenant, 2023 full gas line repairs throughout building over $12K done, Brand New Boiler December 2025! 98% all newer plumbing with PEX or Copper! POS in supplements, funds already escrowed to cover this, as is, buyer to assume. Great Property! High rental demand area! Great location with 12 minutes from Downtown Cleveland, close to Case Western University, parks, shopping, world renown hospital systems: University Hospitals and Cleveland Clinic, museums and more!

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Commercial Active

Price

$ 619,000

Property Type

Commercial

Taxes

$ 19,200

Style

Lot Size

0.1401

Year Built

1930

Town/City

Cleveland Heights

County/Region

Cuyahoga

MLS | Web ID

5125616

Features
General
Sewer Public Sewer
Heating Hot Water Steam
Cooling None
Possession Delivery Of Deed
Roof Other Spanish Tile
Year Built 1930
Stories Count 3
Township Cleveland Heights
Levels Three Or More
Property Subtype Apartment
Tax Year 2023
County Cuyahoga
Operating Expense 14947
Property Type Commercial Sale
Attached Garage false
Subdivision Name Euclid 09
Status Active
Directions North of Mayfield Road West of Lee Road Off of Superior.
City Cleveland Heights
High School District Cleveland Hts-Univer - 1810
Number Of Units Total 10
Lot Size Units Acres
Tax Annual Amount 19200
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Cleveland Hts-Univer - 1810
Elementary School District Cleveland Hts-Univer - 1810
Year Built Source Public Records
Total Actual Rent 84744
Property Sub Type Additional Apartment
Cap Rate 9
Legal Description 47 RIDGEF RD 0014 ALL
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Interior
Basement Other
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Asphalt Parking Lot On Street
Water Source Public
Total Parking 25
Lot Size Area 0.1401
Number of Buildings 1
Building Area Total 9376
Lot Size Acres 0.1401
Lot Size Source Public Records
Waterfront Y/N false
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* Excluded Features
List By
Leilani M Bowersock

Listing Agent

Coldwell Banker Schmidt Realty

Broker

leilani7b@gmail.com

Email

Affordability Calculator

$5,411
Per Month
70%
30%
0%
Monthly Principal & Interest
$3,811
Monthly Property Taxes
$1,600
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457876 Elementary School
4458004 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/17/2025$619,000 -0.96% Price Down
8/29/2025$625,000 Listed Price

Map


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1615 Ridgefield Road, Cleveland Heights, OH, 44118 is a Commercial Property for sale at $619,000 with a lot size of 0.1401. 1615 Ridgefield Road was built in 1930. The property's zip code is 44118 which is in Cleveland Heights, OH