Log In/Sign Up
Your email has been sent.
Tremont Trails Luxury Apartments 430 Jefferson Ave 7 Unit Apartment Building $1,675,000 ($239,286/Unit) Cleveland, OH 44113
Investment Highlights
- Premier Tremont neighborhood location
- Spacious floorplans with high ceilings and large windows throughout
- Rooftop terrace with downtown views
- Tax Abatement expires December 2035
- In-suite laundry machines
- Walk to the Towpath Trail
Executive Summary
Prime Tremont Location – Situated in one of Cleveland’s most sought-after neighborhoods, the property offers walkability to Tremont’s top restaurants, bars, coffee shops, Lincoln Park, and the Towpath Trail, while remaining just minutes from Downtown Cleveland. 15-Year Tax Abatement Through 2035 – Property benefits from a 100% tax abatement on rehabilitation improvements through December 31, 2035, creating substantial operating expense savings and enhanced cash flow. Fully Renovated Luxury Asset – Redeveloped in 2021 with all new mechanicals, HVAC systems, appliances, modern finishes, in-suite laundry, rooftop deck, and Energy Star / Green Communities certifications, minimizing near-term capital expenditures. Trophy Multifamily Investment in a High-Growth Urban Market – Modern boutique apartment property with strong in-place tenancy, premium finishes, and proximity to Downtown Cleveland, positioned to capitalize on continued demand for high-end urban living in Tremont. Rare Value-Add Opportunity – Existing unfinished 7th unit creates flexibility for investors to add a luxury apartment or activate the space as a boutique retail concept such as a café, fitness studio, office, or specialty retail user with direct frontage on Jefferson Avenue.
Property Facts
| Price | $1,675,000 | Building Class | B |
| Price Per Unit | $239,286 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 33,404 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 0.53/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | Walk-up 7-19 Units | ||
| Price | $1,675,000 |
| Price Per Unit | $239,286 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 33,404 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 0.53/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Walk-up 7-19 Units |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
- Island Kitchen
Site Amenities
- Controlled Access
- Walking/Biking Trails
- Roof Terrace
- Green Community
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 004-19-229 | Improvements Assessment | $305,900 |
| Land Assessment | $40,040 | Total Assessment | $345,940 |
Property Taxes
Parcel Number
004-19-229
Land Assessment
$40,040
Improvements Assessment
$305,900
Total Assessment
$345,940
Contacts
-
Rico Pietro -
Kirsten Paratore -
Robby Martinelli -
Cushman & Wakefield | CRESCO Real Estate
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
