16703 Harvard
16703 Harvard Road, Cleveland, OH 44128
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
Reach out to the broker for more info on lease terms and amenities
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Contacts
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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
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Walk Score ®
Very Walkable (79) -
Transit Score ®
Some Transit (40) -
Bike Score ®
Somewhat Bikeable (49)
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
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What is the asking price at 16703 Harvard?
16703 Harvard is currently listed for sale at Contact for pricing.
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What is the total size of 16703 Harvard?
16703 Harvard has a total of 3,700 square feet.
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What is the year built for 16703 Harvard?
The year built for 16703 Harvard is 1965.
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