2224 & 2051 Murray Hill Road — Sale in Chagrin Falls, OH

  • Price: $900K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chagrin Falls, OH 44022
  • Year built: 1900

Photos

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Description

Located at 2051 Murray Hill Road and 2224 Murray Hill Road, this two-property apartment portfolio in Cleveland’s Little Italy offers a rare opportunity to acquire a well-maintained multifamily investment in one of the city’s most desirable neighborhoods. The portfolio features nine units across two buildings (one four-unit and one five-unit), all of which are currently 100% occupied with below-market rents—presenting an immediate value-add opportunity for savvy investors. Its prime location ensures exceptional walkability, just steps away from Little Italy’s restaurants, shopping, and cultural attractions, as well as close proximity to University Circle and Case Western Reserve University. This high-demand rental market experiences nearly zero vacancy, attracting a steady stream of students, professionals, and long-term tenants. With no major deferred maintenance, both buildings require only cosmetic updates to capture full market rents, making this an appealing prospect for those seeking steady income and long-term appreciation.

Market Context

This multifamily in Chagrin Falls, OH is listed for sale at $900,000. The building dates to 1900. Compare it against other multifamily listings for sale in Chagrin Falls, OH — view the full market.

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