15000 Euclid Avenue, East Cleveland, OH 44112 (MLS# 226031753)

15000 Euclid Avenue, East Cleveland, OH 44112

$2,950,000

Property Type: Multi-Family Lot Size (sq. ft.): 16,117 Status: Active

Current Price: $2,950,000 List Date: 8/20/2026 Last Modified: 8/20/2026

Overview

Description

AFFORDABLE HOUSING ; 41 UNITS GRASMERE APARTMENTS, EAST CLEVELAND. Approximately 90% ++ occupancy and growing. Perfect opportunity for new management to take it over and benefit from all the hard work. The property provides for both 1 and 2 bedroom units depending on how space is utilized by the tenant. The building has had several recent improvements that are significant to the long term performance of this multi-unit apartment building. Major electrical, plumbing and almost all of the units have been refreshed. Low maintenance masonry construction with separately metered electric. Operationally, this building has the ability to provide impressive returns utilizing a past history of market rents and affordable housing programs. A few shell units remain in the lower level providing the possibility to increase the number of total units or enhance with common areas. On site laundry facility, electronic keyed entry, security cameras and recently improved fire alarm system offers conven ... (Read more)

Listing Details MLS# 226031753

Location Property Info

Original List Price: 2950000
Property Sub Type: Midrise
Street #: 15000
Street Name: Euclid
Street Suffix: Avenue
County: Cuyahoga
State: OH
Zip Code: 44112
School District: EAST CLEVELAND CSD 1812 CUY CO.
Township: None

OfficeContract Info

MLS Entry Date: 2026-08-20

General Property Info

Number of Units: 41
# of Buildings: Yes
Building Sqft: 43648
Year Built: 1915
Built Prior to 1978: Yes
Occupancy Rate: 90
Acreage: 0.37

Tax Info

Parcel #: 673-09-106
Mult Parcels/Sch Dis: No
Assessment: Unknown
Tax Year: 2025
Tax Abatement: No
Taxes (Yrly): 41524
Tax Incentive: No

Auction Info

Auction/Online Bidding Y/N: No

More Information

Property Features

Addl Acceptance Cond: None Known Tenant Pays: Electricity Heating: Radiant Air Conditioning: Window Unit(s) Construction: Brick Water Source: Public Sewer: Public Sewer Services Available: Electricity Available; Sewer Available; Storm Sewer; Water Available MLS Primary PhotoSrc: Realtor Provided

Listing Office: KW Classic Properties Realty

Listing Agent: Douglas J Ryan

Last Updated: August - 20 - 2026

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