3328 Euclid Avenue, Cleveland, OH 44115

The Opportunity

Stockbridge Apartments is a 77-unit, mid-rise, multifamily property that is listed on the National Register of Historical Places. The community is considered a historical landmark located in Downtown Cleveland, which boasts the largest downtown residential population in Ohio. Stockbridge is located on the south side of Euclid Avenue on the famous “Millionaire’s Row” and is on the “Healthline” a 24/7 rapid transit bus service that seamlessly connects downtown and University Circle, linking the first and fourth largest employment hubs in the state of Ohio and 24% of all jobs in Cuyahoga County.

The Cleveland MSA is home to 2.1 million people and is the economic and cultural center of northeast Ohio. This powerhouse region is home to several prestigious health care facilities, including both Cleveland Clinic and University Hospital systems, and boasts outstanding education opportunities (Cleveland State and Case Western University) as well as a diverse group of companies that include multiple Fortune 500 firms. Downtown Cleveland is currently experiencing a high level of investment and growth and is one of the most walkable large cities in the United States.

Stockbridge Apartments has been well maintained and extensively renovated by the current owner. Improvements include a complete renovation of the parlor featuring a marble floor, crown molding, restoration of the fireplace, new rental office featuring a glass wall and updated security cameras, and all new custom windows throughout the entire community. There are 11 units that have been updated with granite countertops, stainless steel appliances, cherry cabinets, ceramic tile, and an updated lighting package which command premium rents.

The Property

Stockbridge Apartments is listed on the National Register of Historical Places and is considered a Historical Landmark. Stockbridge was originally a hotel built on Euclid Avenue's famous "Millionaires Row". The community contains a total of 77 units and consists of two, mid-rise buildings connected by a brick corridor. The front building is the six-story former hotel which was constructed in 1911 and converted to apartment units in the mid 1970's. The rear building was constructed in 1934 as a four-story apartment building.

The property is situated on approximately 0.82 acres. The building is constructed of masonry, limestone, and brick exterior walls with a shingle and flat rubber membrane roof. There are two elevators, one in each building.The property offers six types of floor plans and a total rentable square footage at approximately 41,780.

Unit amenities include an electric range, refrigerator, ceiling fan, walk-in closets, carpeting, hardwood floors, balcony with select units, and controlled access. The landlord pays all utilities. Community features include a laundry facility. There are currently 75 parking spaces and a small parking garage for 10 vehicles contained in the ground floor of the rear building.

property amenities

UNIT Amenities

  • Fully-Equipped Kitchens
  • Controlled Access
  • Walk-In Closets
  • Hardwood Floors
  • Ceiling Fans
  • Cable Ready
  • Broadband Internet
  • Balcony (In Select Units)

COMMUNITY Amenities

  • Parlor with Fireplace
  • Security Cameras
  • Laundry Facility
  • Courtyard
  • Elevators
  • 24-Hour Emergency Maintenance
  • Historic Urban Architecture
  • Ample Parking

market area

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