Crandell Park Apartments
Multifamily | 36 Units | $55,556/unit
Marketing description
Berkadia is pleased to present the exclusive offering of Crandell Park Apartments, a 36 unit, two building multifamily community located in the historic Shaker Square neighborhood of Cleveland, Ohio.
Built in 1925, the property sits prominently at the intersection of Buckeye Road and South Moreland Boulevard, just steps from Shaker Square’s abundant retail, dining, and neighborhood amenities. Residents benefit from exceptional transit access, with Cleveland RTA Blue and Green Line stations located within walking distance, providing direct connectivity to Downtown Cleveland and key employment centers. In addition, Crandell Park is within a 10 minute drive of two of the region’s largest employers—Cleveland Clinic and University Hospitals—supporting strong, stable renter demand.
Crandell Park Apartments represents a compelling value-add opportunity. Current ownership has completed extensive capital projects, including new windows and some select light unit renovations. A new investor can further modernize unit interiors and common areas, capture rental upside, and materially enhance returns while leveraging the property’s irreplaceable location and strong transit-oriented positioning.
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