Promenade Apartments

For Sale

2737 Summit Park Ave, Cleveland Heights, OH 44121

This Cleveland Heights property for sale is located at 2737 Summit Park Ave. Contact the listing broker for details on the current sale price for Promenade Apartments. Promenade Apartments is situated on a lot that is 1.75 acre in size.

Contacts

Nick Soeder

Adams Lynch Associates

Property Details

  • Property Type Multi-Family
  • Property Size 49,044 SF
  • Units 50
  • Lot Size 1.75 Acre
  • Parking Spaces Avail. 75
  • Year Built 1949
  • Date Updated May 14, 2026
The Promenade Apartments are located in the popular suburb of Cleveland Heights, OH. Residents enjoy close proximity to major institutions and employers in Downtown Cleveland (8 miles) and University Circle (3 miles). Tenants are minutes from dining, shopping, nightlife, and recreation in the surrounding neighborhoods. All of Northeast Ohio is easily accessible to tenants via public transportation located at the property doorstep.Promenade Apartments is a 50-unit community located on Noble Road in Cleveland Heights, Ohio.​ The property features an attractive, balanced unit mix of 25 one-bedroom and 25 two-bedroom suites, delivering broad tenant appeal and strong rental upside.​ Due to recent under-management, the asset has been allowed to fall behind market standards and is now available well below replacement cost on an “as-is” basis.​ This creates an exceptional opportunity for a new owner to stabilize operations, implement professional leasing and management, rapidly lease up the property, and capture strong cash-on-cash returns along with immediate equity appreciation.​
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Highlights

  • Attractive Location with Easy Access to Major Retailers and Employers
  • Garage Parking
  • Individually Metered Utilities (tenants pay electric and gas)
  • Strong Unit Mix (25 1 BR's; 25 2-BR's)

Getting around

  • 56/100

    Walk Score ®

  • 39/100

    Transit Score ®

  • 47/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Cleveland Heights, OH
  • Neighborhood Cleveland Heights
  • Zip Code 44121
  • Market Cleveland Akron

Points of Interest

  • Stokes-Windermere Station

    2.27 miles

  • Superior

    2.64 miles

  • Coventry

    3.76 miles

  • Warrensville–Van Aken

    4.24 miles

  • Buckeye–Woodhill

    5.05 miles

  • East 79th

    5.75 miles

  • East 55th

    6.59 miles

  • South Harbor

    7.71 miles

  • East 9th–North Coast

    8.03 miles

  • Cleveland Amtrak

    8.16 miles

  • Gas USA

    0.25 miles

  • Shell

    0.30 miles

  • Getgo

    0.89 miles

  • Speedway

    1.41 miles

  • Marathon

    1.48 miles

  • Sunoco

    1.82 miles

  • Mobil

    1.88 miles

  • ChargePoint

    4.99 miles

  • Tesla Destination Charger

    4.99 miles

  • eVgo

    5.35 miles

  • Temple on the Heights Parking

    1.60 miles

  • Recreation Center parking

    1.75 miles

  • Whole Foods Market Parking Garage

    1.83 miles

  • Municipal Lot 29

    1.89 miles

  • Municipal Lot 11

    1.90 miles

  • University Square Parking Garage

    1.91 miles

  • Dave's Market Parking

    1.92 miles

  • Notre Dame River

    1.99 miles

  • Municipal Lot 5

    2.21 miles

  • Municipal Lot 34

    2.25 miles

  • Noble Motel

    1.78 miles

  • Town House Motel

    1.84 miles

  • Mc Call's Motor Inn

    1.98 miles

  • Hyatt Place Cleveland/Lyndhurst/Legacy Village

    2.59 miles

  • Star's Compound

    2.80 miles

  • Courtyard Cleveland University Circle

    3.57 miles

  • Glidden House

    3.61 miles

  • Tudor Arms Hotel

    4.14 miles

  • Residence Inn

    4.20 miles

  • InterContinental Hotel Cleveland

    4.41 miles

  • Dave's Market

    0.90 miles

  • Save-A-Lot

    1.03 miles

  • Giant Eagle

    1.09 miles

  • Walmart Supercenter

    1.28 miles

  • Marc's

    1.31 miles

  • Burlington

    1.37 miles

  • TJ Maxx

    1.39 miles

  • Unger's Kosher Market

    1.42 miles

  • Gordon Food Service

    1.72 miles

  • Whole Foods Market

    1.84 miles

Contact Listing Broker
Nick Soeder

Adams Lynch Associates

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