This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

937 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Orwell Village Apartments 185 E Main St

60 Unit Apartment Building $3,500,000 ($58,333/Unit) 7.08% Cap Rate Orwell, OH 44076

Apartment Buildings Ohio Orwell 185 E Main St, Orwell, OH 44076

Investment Highlights

  • Owned and self-managed by local investor for 24+ years
  • Recent capital expenditures include entire parking lot, electrical panels for each unit, minor renovations and more
  • Additional revenue streams with on-site laundry, parking, and garages
  • Diverse mix of studio, 1 bedroom, 2 bedroom, and 3 bedroom unit
  • Offering 5+ acres for future development
  • Offered free and clear or with an attractive assumable loan

Executive Summary

Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)

Property Facts

Price $3,500,000 Apartment Style Low Rise
Price Per Unit $58,333 Building Class C
Sale Type Investment Lot Size 10.49 AC
Cap Rate 7.08% Building Size 47,295 SF
No. Units 60 No. Stories 2
Property Type Multifamily Year Built 1979
Property Subtype Apartment Parking Ratio 2.11/1,000 SF
Price $3,500,000
Price Per Unit $58,333
Sale Type Investment
Cap Rate 7.08%
No. Units 60
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 10.49 AC
Building Size 47,295 SF
No. Stories 2
Year Built 1979
Parking Ratio 2.11/1,000 SF

Unit Amenities

  • Dishwasher
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Range

Site Amenities

  • Laundry Facilities

Links

1 of 1

PROPERTY TAXES

Parcel Number 390131006400 Improvements Assessment $333,690
Land Assessment $37,980 Total Assessment $371,670

PROPERTY TAXES

Parcel Number
390131006400
Land Assessment
$37,980
Improvements Assessment
$333,690
Total Assessment
$371,670
(216) 339-1618

Contacts

  • Listing ID: 33662499

  • Date on Market: 10/28/2024

  • Last Updated:

  • Address: 185 E Main St, Orwell, OH 44076

More public record information on 185 E Main St, Orwell, OH 44076

The Multifamily Property at 185 E Main St, Orwell, OH 44076 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/4
185 E Main St, Orwell, OH for sale Building Photo- Image 1 of 4
Orwell Village Apartments - Hero 2 Watermark
185 E Main St, Orwell, OH for sale Building Photo- Image 2 of 4
Orwell Village Apartments - Hero 1 Watermark
185 E Main St, Orwell, OH for sale Building Photo- Image 3 of 4
Orwell Village Apartments - Map Watermark

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Orwell Village Apartments | 185 E Main St
(216) 339-1618 x

Orwell Village Apartments | 185 E Main St

1/2

Drew Cerny

(216) 339-1618

(216) 339-1618

Jonah Yulish

(216) 503-3610

(216) 503-3610

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link