| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 78th | Best |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15143 Baldwin Ct, Cleveland, OH, 44130, US |
| Region / Metro | Cleveland |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 2008-04-07 |
| Transaction Price | $1,550,000 |
| Buyer | 75 BALDWIN PARK LLC |
| Seller | SARCYK CO LLC |
15143 Baldwin Ct Cleveland Multifamily Opportunity
The immediate neighborhood shows a higher renter-occupied housing share, supporting steady multifamily demand, according to WDSuite’s CRE market data. Stable occupancy alongside commuter access presents a straightforward income-focused profile for investors.
Situated in Cleveland’s inner suburb fabric, the area around 15143 Baldwin Ct rates A- and is competitive among Cleveland-Elyria neighborhoods, landing in the top quartile among 569 metro neighborhoods. Neighborhood indicators point to consistent renter demand and day-to-day convenience that can aid leasing and retention.
Amenities skew toward essentials rather than lifestyle clusters: grocery and pharmacy access test well relative to national peers, while restaurant density is moderate and cafes and park acreage are limited. For investors, this mix suggests reliable daily traffic generators that support workforce-oriented housing, with fewer destination amenities.
Tenure patterns reinforce a meaningful tenant base: the neighborhood reflects a higher renter concentration, which generally supports leasing velocity and occupancy stability for multifamily assets. By contrast, demographics aggregated within a 3-mile radius show a more owner-leaning mix, which can help broaden the income profile of nearby residents while still supplying a steady pool of renters.
Household incomes in the neighborhood trend above the national midpoint and have grown in recent years, and contract rents sit around the national midrange with measured five-year growth. Home values are moderate for the region, which can introduce some competition from ownership options, but the neighborhood’s renter concentration and proximity to employment nodes help sustain depth of demand.
Safety trends in the neighborhood compare favorably to many areas nationwide on a recent basis, with violent-offense measures landing in the top quartile nationally and property-offense levels also stronger than broad U.S. benchmarks. That said, year-over-year estimates indicate a recent uptick in property offenses locally, so prudent owners may plan for ongoing monitoring and preventive measures as part of risk management.
As with any submarket, conditions can vary by block and over time. Investors should contextualize these neighborhood-level signals against on-the-ground operations, lighting and access control, and broader Cleveland-Elyria trends.
Nearby employment centers include semiconductor, industrial, coatings, and financial services employers, providing diverse job bases and commute-friendly access that can support renter demand and retention for workforce housing.
- Texas Instruments — semiconductors (6.1 miles)
- Travelcenters Of America — travel services (7.9 miles) — HQ
- Airgas Merchant Gases — industrial gases (8.7 miles)
- Sherwin-Williams — coatings (10.9 miles) — HQ
- Keycorp — banking (11.1 miles) — HQ
This 24-unit asset sits within a renter-leaning neighborhood where occupancy has held relatively steady and rents align near national midrange levels. Essentials-focused amenities (strong grocery and pharmacy access) and proximity to diverse employers support a durable tenant base, while moderate home values mean some competition from ownership that owners can navigate through product positioning and service quality. Based on CRE market data from WDSuite, neighborhood fundamentals remain competitive within the Cleveland-Elyria metro, supporting an income-oriented thesis.
Built in 1972, the property likely benefits from proven layouts but may require targeted capital planning around building systems and interiors to drive retention and capture value-add upside. Demographics aggregated within a 3-mile radius indicate rising household counts and income growth, which can expand the renter pool and support lease stability over the medium term.
- Renter-leaning neighborhood supports depth of tenant demand and occupancy stability
- Essentials-rich location (grocery, pharmacy) and proximity to major employers aid retention
- Income growth and expanding household counts within 3 miles bolster long-term leasing
- 1972 vintage presents actionable value-add and systems modernization opportunities
- Risks: accessible ownership options and recent property-offense uptick warrant competitive positioning and active monitoring