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2830-2836 E 130th St
Cleveland, OH 44120
Crandell Park Apartments · Multifamily Property For Sale
·
36 Units
Executive Summary
Built in 1925, the property sits prominently at the intersection of Buckeye Road and South Moreland Boulevard, just steps from Shaker Square’s abundant retail, dining, and neighborhood amenities. Residents benefit from exceptional transit access, with Cleveland RTA Blue and Green Line stations located within walking distance, providing direct connectivity to Downtown Cleveland and key employment centers. In addition, Crandell Park is within a 10-minute drive of two of the region’s largest employers—Cleveland
Clinic and University Hospitals—supporting strong, stable renter demand. Crandell Park Apartments represents a compelling value-add opportunity. Current ownership has completed extensive capital projects, including new windows and some select light unit renovations. A new investor can further modernize unit interiors and common areas, capture rental upside, and materially enhance returns while leveraging the property’s irreplaceable location and strong transit-oriented positioning.
Please reach out to patrick.dittoe@berkadia.com for inquires.
Clinic and University Hospitals—supporting strong, stable renter demand. Crandell Park Apartments represents a compelling value-add opportunity. Current ownership has completed extensive capital projects, including new windows and some select light unit renovations. A new investor can further modernize unit interiors and common areas, capture rental upside, and materially enhance returns while leveraging the property’s irreplaceable location and strong transit-oriented positioning.
Please reach out to patrick.dittoe@berkadia.com for inquires.
Property Facts
| Price Per Unit | $55,556 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.11% | Building Size | 37,024 SF |
| No. Units | 36 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1925/2009 |
| Apartment Style | Low-Rise | Parking Ratio | 0.54/1,000 SF |
| Zoning | MF-2 - Apartments | ||
| Price Per Unit | $55,556 |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 37,024 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2009 |
| Parking Ratio | 0.54/1,000 SF |
| Zoning | MF-2 - Apartments |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 600 - 800 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $405,055 | |
| Land Assessment | $17,745 | Total Assessment | $422,800 |
Property Taxes
Parcel Numbers
Land Assessment
$17,745
Improvements Assessment
$405,055
Total Assessment
$422,800
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