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Executive Summary

Exceptional Investment Opportunity — This impressive 22-unit apartment building showcases classic Tudor-style architecture in a highly desirable historic district. Rich in character, the exterior highlights a brick facade with intricate stone detailing, offering timeless curb appeal and modern functionality. Inside, residents enjoy updated units featuring hardwood floors, wrought iron accents, cathedral ceilings, and contemporary kitchens with custom cabinetry, granite countertops, and stainless-steel appliances. The building also offers a convenient lower-level laundry facility and secure on-site parking with a private garage. The property is lead-certified with the City of Cleveland, tax abated, and comes with the added advantage of ongoing professional property management through Century 21 Wilbur Realty. A first-year introductory rate is available, providing a smooth transition for new ownership. With its prime location, historic charm, modern upgrades, and built-in management support, this beautifully maintained apartment building presents a compelling opportunity for investors seeking both stability and long-term value.

Property Facts

Price $2,399,900
Price Per Unit $109,086
Sale Type Investment
No. Units 22
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.78 AC
Building Size 17,976 SF
No. Stories 2
Year Built 1928
Parking Ratio 1.14/1,000 SF
Zoning N/Av

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Fireplace
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Vaulted Ceiling
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Freezer
  • Linen Closet

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Property Manager on Site
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Laundry Service
  • Smoke Free
  • Walking/Biking Trails
  • Walk-Up
  • Smoke Detector
Moderately walkable
70/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 144-10-019
  • 144-10-020
Land Assessment
$54,495
Improvements Assessment
$499,170
Total Assessment
$553,665
  • Listing ID: 39281346

  • Date on Market: 1/31/2026

  • Last Updated:

  • Address: 2910 Ludlow Rd, Cleveland, OH 44120

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