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430 Jefferson Ave
Cleveland, OH 44113
Tremont Trails Luxury Apartments · Multifamily Property For Sale
·
7 Units
Investment Highlights
- Premier Tremont neighborhood location
- Spacious floorplans with high ceilings and large windows throughout
- Rooftop terrace with downtown views
- Tax Abatement expires December 2035
- In-suite laundry machines
- Walk to the Towpath Trail
Executive Summary
Prime Tremont Location – Situated in one of Cleveland’s most sought-after neighborhoods, the property offers walkability to Tremont’s top restaurants, bars, coffee shops, Lincoln Park, and the Towpath Trail, while remaining just minutes from Downtown Cleveland. 15-Year Tax Abatement Through 2035 – Property benefits from a 100% tax abatement on rehabilitation improvements through December 31, 2035, creating substantial operating expense savings and enhanced cash flow. Fully Renovated Luxury Asset – Redeveloped in 2021 with all new mechanicals, HVAC systems, appliances, modern finishes, in-suite laundry, rooftop deck, and Energy Star / Green Communities certifications, minimizing near-term capital expenditures. Trophy Multifamily Investment in a High-Growth Urban Market – Modern boutique apartment property with strong in-place tenancy, premium finishes, and proximity to Downtown Cleveland, positioned to capitalize on continued demand for high-end urban living in Tremont. Rare Value-Add Opportunity – Existing unfinished 7th unit creates flexibility for investors to add a luxury apartment or activate the space as a boutique retail concept such as a café, fitness studio, office, or specialty retail user with direct frontage on Jefferson Avenue.
Property Facts
| Price Per Unit | $330,190 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 33,404 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 0.53/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | Walk-up 7-19 Units | ||
| Price Per Unit | $330,190 CAD |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 33,404 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 0.53/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Walk-up 7-19 Units |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
- Island Kitchen
Site Amenities
- Controlled Access
- Walking/Biking Trails
- Roof Terrace
- Green Community
Property Taxes
| Parcel Number | 004-19-229 | Improvements Assessment | $420,560 CAD |
| Land Assessment | $55,048 CAD | Total Assessment | $475,609 CAD |
Property Taxes
Parcel Number
004-19-229
Land Assessment
$55,048 CAD
Improvements Assessment
$420,560 CAD
Total Assessment
$475,609 CAD
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