Commercial Real Estate for Sale at 12955 Larchmere Boulevard in Shaker Heights, OH for $1,800,000

Listing data updated August 28, 2025 - 5:07pm
Javascript is required to view this map.
Printable Map
Tools

Related Information

12955 Larchmere Boulevard | Shaker Heights

$1,800,000 | 0.0 Sq. Ft.

This offering presents investors with an extremely rare chance to acquire a 30-unit multifamily asset in Cleveland\u2019s sought-after Larchmere District, a submarket experiencing significant growth and revitalization. The property is comprised of 30 one-bedroom units, 20 of which have undergone recent renovations including modern kitchens, updated bathrooms, vinyl flooring, and new fixtures, complemented by refreshed common areas with new paint, lighting, and flooring. Additionally, a large single-family home situated on a separate lot provides a compelling value-add opportunity\u2014either as a high-premium rental unit or a resale project yielding substantial equity upside. The asset is well-positioned for increased cash flow and double-digit returns through modest rent growth on renewals. With boiler heat, chiller cooling, and strong tenant demand in this thriving district, the property offers investors a stabilized, income-producing building with exceptional long-term upside. MLSNow 5149711

Directions to property: North of Shaker Blvd

MLS Listing ID: 
MLSNow 5149711
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,800,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Shaker Heights
Address: 
12955 Larchmere Boulevard, Shaker Heights, OH 44120
County: 
Cuyahoga
Latitude: 
41.4876860
Longitude: 
-81.5920570
Directions: 
North of Shaker Blvd
Public Remarks: 
This offering presents investors with an extremely rare chance to acquire a 30-unit multifamily asset in Cleveland\u2019s sought-after Larchmere District, a submarket experiencing significant growth and revitalization. The property is comprised of 30 one-bedroom units, 20 of which have undergone recent renovations including modern kitchens, updated bathrooms, vinyl flooring, and new fixtures, complemented by refreshed common areas with new paint, lighting, and flooring. Additionally, a large single-family home situated on a separate lot provides a compelling value-add opportunity\u2014either as a high-premium rental unit or a resale project yielding substantial equity upside. The asset is well-positioned for increased cash flow and double-digit returns through modest rent growth on renewals. With boiler heat, chiller cooling, and strong tenant demand in this thriving district, the property offers investors a stabilized, income-producing building with exceptional long-term upside.
Community Information
School District: 
Shaker Heights CSD - 1827
Subdivision: 
Vandeboe Hager Cos Northwoo
Building Details
Details about the building on a property.
Year Built: 
1965
Living Area: 
0.0
Construction
Roof: 
Composition,Flat
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: 
Hot Water,Steam
Cooling System: 
Central Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.42
Lot Size (Area): 
0.42
Lot Features
Parking Type: 
On Site,Paved
Public Record
Parcel Number: 
736-31-048
Annual Tax: 
$51,480.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Tal Tamir
Listing Office Name: 
Russell Real Estate Services

Request More Information