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For Sale

16703 Harvard

16703 Harvard Road, Cleveland, OH 44128

6703 Harvard Rd is located in Cleveland’s Lee–Miles neighborhood, along Harvard Road, a major east–west corridor serving the city’s southeast side. The area is supported by a strong base of long-term and workforce renters, driving consistent multifamily demand. The property offers convenient access to Lee Road, Miles Avenue, I-480, and public transportation, providing connectivity to Downtown Cleveland, University Circle, and regional employment centers. The surrounding neighborhood includes essential retail, services, and community amenities. Lee–Miles is characterized by stabilized multifamily housing and steady occupancy, making it well-suited for investors seeking durable cash flow and long-term hold potentialWell-maintained 6-unit multifamily property featuring a desirable unit mix of three 2-bedroom apartments and three 1-bedroom apartments. Only one unit is currently vacant (can be leased prior to closing). The remaining units are occupied, including long-term residents, with one unit on a month-to-month lease. Recent capital improvements include a new sealed roof (2024), new hot water heater, and a foundation moisture barrier installed at the rear of the building, along with updated flooring, paint, and select appliances. The property also features an on-site parking lot. Tenants pay gas and electricity; the owner covers water, sewer, and trash. This is a low-maintenance, income-producing multifamily investment in strong rental condition with upside potential. No showings without a written offer.

Key features

  • 6-unit multifamily asset with a strong unit mix: 3 one-bedroom / 3 two-bedroom
  • Foundation moisture barrier installed at rear of building ($10,000)
  • In-place NOI: approximately $43,068 annually
  • New hot water heater
  • New sealed roof with built-in drains (2024)
  • Offered at $525,000, delivering an in-place cap rate of approximately 8.2%
  • On-site parking lot
  • Property Highlights:
  • Recent capital improvements enhance long-term performance and reduce future CapEx:
  • Tenants pay gas and electric; owner covers water/sewer, common electric, insurance, taxes, and maintenance
  • Updated flooring, paint, and select appliances
  • Value-add opportunity with immediate upside through leasing the vacant unit and optimizing rents, enhancing cash flow and overall return
  • Well-maintained, income-producing property with immediate cash flow and value-add potential through lease-up of vacant unit and rent optimization
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

broker
Kas Filippova

eXp Commercial

Building Details

  • For Sale $450,000
  • Property Type Multi-Family
  • Property Size 3,700 SF
  • Units 6
  • Lot Size 0.13 Acre
  • Year Built 1965
  • Year Renovated 2025
  • Date Updated May 22, 2026

Getting Around

  • Walk Score ®

    Very Walkable (79)
  • Transit Score ®

    Some Transit (40)
  • Bike Score ®

    Somewhat Bikeable (49)
Powered by Walk Score ®

Location

  • City Cleveland, OH
  • Neighborhood Lee-Miles
  • Zip Code 44128
  • Market Cleveland Akron

Points of Interest

Coventry

2.55 miles

Buckeye–Woodhill

3.66 miles

East 79th

4.21 miles

East 55th

5.07 miles

Superior

5.28 miles

Rockside

5.30 miles

Stokes-Windermere Station

5.68 miles

Canal Exploration Center

5.99 miles

South Harbor

7.67 miles

BP

0.12 miles

Marathon

2.01 miles

Sunoco

2.28 miles

Valero

2.35 miles

StarLion Express

2.49 miles

South-East Harley Davidson

3.29 miles

eVgo

8.24 miles

ChargePoint

8.68 miles

Tesla Destination Charger

8.68 miles

Dolan East Lot

3.07 miles

Dolan West Lot

3.11 miles

Cleveland Heights Library Parking

3.15 miles

Carroll Expansion Lot

3.17 miles

Parking Cleveland Heights Library

3.20 miles

Grasselli Lot

3.21 miles

Boler Lot

3.22 miles

Municipal Lot 16

3.25 miles

Municipal Lot 17

3.29 miles

Zip Auto Wash

3.81 miles

Waterway Express

3.83 miles

Enterprise

4.63 miles

BP

5.11 miles

Waterway

5.20 miles

Clean Express Auto Wash

5.33 miles

Square Deal Hand Car Wash

6.08 miles

Mobil Car Wash

6.10 miles

Carnegie Auto Wash And Detail Center

6.19 miles

Little Caesars

0.10 miles

Happy's Pizza

0.13 miles

Fu Sheng

0.15 miles

Subway

0.15 miles

Taco Bell

0.20 miles

Dunkin'

0.22 miles

McDonald's

0.25 miles

Epic Restaurant

0.25 miles

Rally's

0.27 miles

Heinen's

1.04 miles

Save-A-Lot

1.41 miles

Miles Supermarket

1.46 miles

ALDI

2.31 miles

CAM Asia Supermarket

2.39 miles

Dave's Supermarket

2.71 miles

Shoppers World

2.91 miles

Forman Mills

2.97 miles

Big Lots

3.11 miles

Walgreens

0.98 miles

CVS Pharmacy

1.00 miles

Shaker Heights Police Department

1.25 miles

South Pointe Hospital

1.30 miles

University Hospitals Management Services Center

1.66 miles

Fire Station No. 36

1.70 miles

UH Rainbow Suburban Pediatrics

1.71 miles

Legends Treatment Center of Cleveland

2.06 miles

Highland Springs Hospital

2.11 miles

16703 Harvard Road Listing Summary

  • What is the asking price at 16703 Harvard?

    16703 Harvard is currently listed for sale at Contact for pricing.

  • What is the total size of 16703 Harvard?

    16703 Harvard has a total of 3,700 square feet.

  • What is the year built for 16703 Harvard?

    The year built for 16703 Harvard is 1965.

Contact Listing Broker
broker
Kas Filippova

eXp Commercial

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