Commercial Real Estate for Sale at 522 Clearview Drive in Euclid, OH for $3,500,000

Listing data last changed 8/15/2025
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522 Clearview Drive | Euclid

$3,500,000 | 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 9\u002B% cap rate on actuals based on an asking price of $3.5M, 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. As the majority owner in the community, the new owner will gain substantial influence over community decisions, positioning them to drive value through strategic enhancements and governance.\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 Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$3,500,000
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 9\u002B% cap rate on actuals based on an asking price of $3.5M, 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. As the majority owner in the community, the new owner will gain substantial influence over community decisions, positioning them to drive value through strategic enhancements and governance.\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 Agent Name: 
Tal Tamir
Listing Office Name: 
Russell Real Estate Services

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