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Executive Summary

Charming 4-Unit Investment Opportunity in Rocky River, Ohio Welcome to a fantastic multi-family investment in one of Northeast Ohio's most desirable suburban communities. This well maintained 4-unit apartment complex is perfectly situated near vibrant local amenities, strong schools, and easy access to major employment centers and I-90. Each of the four units offers: 2 bedrooms, 1 bathroom; spacious living areas and functional kitchens with in-unit laundry. Whether you're expanding your investment portfolio or looking for a stable cash-flow property, this 4-plex presents a solid opportunity with turnkey potential. Rocky River is a charming, affluent suburb located along the shores of Lake Erie, just west of Cleveland, known for its excellent public schools, welcoming and walkable neighborhoods and close proximity to beautiful riverfront parks, shopping, dining and cultural attractions. Beyond its current income stream, this property presents a compelling value-add or redevelopment opportunity. Preliminary concepts indicate the site may support up to 25 apartment units (approximately 20 two-bedroom units and 5 one-bedroom units).

Property Facts

Price $1,035,762 CAD
Price Per Unit $258,940 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.79 AC
Building Size 24,402 SF
No. Stories 2
Year Built 1956
Zoning MF-R4

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
303-01-011
Land Assessment
$59,076 CAD
Improvements Assessment
$127,522 CAD
Total Assessment
$186,597 CAD
  • Listing ID: 39893322

  • Date on Market: 2026-03-24

  • Last Updated:

  • Address: 1560 Wagar Rd, Rocky River, OH 44116

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