Browse All South Euclid OH Above $1M Properties for Sale

24-unit multifamily property consisting of three 8-unit brick apartment buildings offering immediate cash flow with significant upside. Current financials include 4 vacant units currently being renovated and prepared for lease-up or buyers may submit offers based on the property's current condition and complete the remaining work themselves. The portfolio consists entirely of 24 2-bedroom, 1-bath apartments with tenants paying gas and electric, individual furnaces for each unit. Owner-owned laundry with two washers and two dryers in each building, 29 garage spaces, 6 surface parking spaces, and slab foundations with no basements to maintain. Ownership has invested approximately $175,000 in recent capital improvements, including two new roofs, furnaces and hot water tank replacements, and extensive interior renovations. Current NOI is $161,453 with additional upside through lease-up, continued rent growth, and implementation of a utility reimbursement program projected to increase returns to an 11%+ pro forma cap rate. Located adjacent to the North and South Quarry green space and minutes from Cleveland Clinic, University Hospitals, shopping, dining, and Metroparks, this is an outstanding opportunity to acquire a well-maintained multifamily investment with strong in-place income and long-term appreciation potential. Seller is also selling 885 S green which can be sold together. Buyers interested in the entire portfolio could qualify for up to 15% Seller financing.

818 S Green Road, South Euclid

$1,799,000

5236791 MLS

Stabilized 18-unit multifamily portfolio in great rental market! Consisting of two neighboring brick apartment buildings in South Euclid, these units offer immediate cash flow with limited deferred maintenance and room for continued rent growth. The property includes sixteen 2-bedroom and two 1-bedroom apartments and is currently producing an 7.73% cap rate with a projected 8.69% pro forma cap rate through normal lease renewals and one remaining vacancy. Ownership has invested over $224,000 in recent capital improvements, including renovated kitchens and baths, updated flooring, electrical panel upgrades, mechanical improvements, security cameras, and a new roof on 885 S. Green (2025). Building 885 features central air, 10 garage spaces, 6 surface parking spaces, owner-owned laundry, newer furnaces and hot water tanks. Building 893 offers 8 garage spaces, 4 surface spaces, owner-owned laundry, updated units, one commercial hot water tank, and one vacant unit ready for lease-up. Located next to the Euclid Creek Reservation and minutes from Cleveland Clinic, University Hospitals, Beachwood, Cleveland Heights, shopping, dining, and Metroparks, this is an excellent opportunity to acquire a well-maintained investment property with stable income and long-term appreciation. Seller is also selling 24 units across the street. Buyers interested in the entire 42 units will have the opportunity to quality for up to 15% of seller financing.

885 S Green Road, South Euclid

$1,150,000

9 Beds ⋅ 10 Baths ⋅ 5204193 MLS

Fully restored Mediterranean-style estate originally built in 1930 by renowned Cleveland inventor and philanthropist Claud Hansome Foster and designed by architect Harlen E. Shimmen. This award-winning residence recipient of the 2012 Ohio Heritage Award for Best Residential Rehabilitation, offers three stories of timeless architecture blended with modern luxury, all in extraordinary move-in ready condition. Set on a stunning 0.90-acre lot backing to Mayfield Sand Ridge Club, the home showcases elegant neutral décor, herringbone black walnut and oak hardwood floors, leaded glass pocket doors, crown moldings, and graceful arched doorways throughout. The grand foyer opens to formal living and dining spaces, each with exquisite detailing, while the library and owner's suite feature inviting fireplaces. The gourmet kitchen is thoughtfully appointed with granite countertops, a tropical wood island, premium stainless steel appliances (Viking, Bosch, Sub-Zero), and a walk-in pantry, complemented by a butler's pantry and mudroom. The expansive second-floor owner's suite includes a luxurious bath with heated floors, dual vanities, and a dressing room, along with a private adjoining sitting room or office. Additional highlights include five more bedrooms, a finished third-floor nanny suite, front and back staircases, and a versatile loft. Outdoors, enjoy a heated in-ground pool and beautifully landscaped grounds. Extensive updates since 2016, including HVAC systems, boiler, roof and chimney repairs, pool equipment, and exterior improvements, ensure peace of mind while preserving the home's historic charm. A rare opportunity to own a truly exceptional historic property with modern comfort and enduring elegance.

1617 Sheridan Road, South Euclid

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