4016 Silsby Road University Heights, OH ^$ 495,000

4016 Silsby Road

^$ 495,000

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4016 Silsby Road

University Heights, OH, 44118

^$ 495,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 3,419

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Commercial Property for sale in University Heights, OH

for $495,000. This building was built in 1949 on a lot size of 0.3006.

Five 1 bed/1 bath apartments in University Heights. Major items are done: new roof in 2026, new concrete in the rear parking lot, and new furnaces in 3 of the units in 2025. 2027 city apartment license certificate. Scheduled rent is $4,265/month. The lower-level unit is vacant and ready to lease. Rents are below market, which leaves upside. Units are separately metered. Owner pays water only. Seller financing available: 60% down, 7% interest, 20-year amortization, 3-year balloon. Buy this building on its own, or as part of a 25-unit, 4-building portfolio with 2565-69, 2657 and 2762 Noble.

Commercial Active

Price

^$ 495,000

Property Type

Commercial

Taxes

^$ 10,560

Style

Lot Size

0.3006

Year Built

1949

Town/City

University Heights

County/Region

Cuyahoga

MLS | Web ID

5258290

Features

General

Sewer Public Sewer

Heating Forced Air

Cooling None

Possession Delivery Of Deed

Roof Flat Slate

Year Built 1949

Stories Count 2

Township University Heights

Levels Two

Property Subtype Apartment

Tax Year 2025

Current Use Commercial Multi-Family

County Cuyahoga

Property Type Commercial Sale

Attached Garage false

Subdivision Name University

Status Active

Directions Corner of Silsby and Warrensville Center Road

City University Heights

Disclosures Owner Is Listing Agent Principal is Real Estate Licensed

High School District Cleveland Hts-Univer - 1810

Number Of Units Total 5

Lot Size Units Acres

Tax Annual Amount 10560.55

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

Property Sub Type Additional Apartment

Legal Description 6 UNIV#30 & S/L 44 NP0043 ALL

Interior

Total Stories 2

Basement (Y/N) true

Air Conditioning Y/N false

Heating Y/N true

Main Level Bathrooms 0

Total Baths 0

Exterior

Parking Features Assigned Covered Paved

Water Source Public

Total Parking 5

Lot Size Area 0.3006

Number of Buildings 1

Building Area Total 4608

Lot Size Acres 0.3006

Lot Size Source Public Records

Waterfront Y/N false

* Excluded Features

List By

Kit Custer

Listing Agent

Re/Max Transitions

Broker

kitsoldit@gmail.com

Affordability Calculator

$4,299

Per Month

Monthly Principal & Interest: $3,419
Monthly Property Taxes: $880
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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

Trends
Schools

Commerical listings in University Heights, OH

Average List Price ^$0

Percent of Sale Price 100%

About University Heights, OH

13,149 Population

-7% Since 2002

^$67,544 Median Income

31.83 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4457876 Elementary School

4458004 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/4/2026	$495,000		Listed Price

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4016 Silsby Road, University Heights, OH, 44118 is a Commercial Property for sale at $495,000 with a lot size of 0.3006. 4016 Silsby Road was built in 1949. The property's zip code is 44118 which is in University Heights, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the YES MLS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the YES MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 11/7/2026.

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4016 Silsby Road

Commercial Property for sale in University Heights, OH

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