Cleveland Heights Real Estate Search

Cleveland Heights Properties between $1,500,000 and $2,000,000 for Sale

Our website features the best real estate search for between $1,500,000 and $2,000,000 properties available in Cleveland Heights and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest Cleveland Heights Properties between $1,500,000 and $2,000,000 for Sale

$1,600,000
6 Beds 5 Baths 5209032 MLS
Own a piece of history!! Designed by the prominent architectural firm of Walker & Weeks, which counts Severance Hall as one of its notable projects, this 1912 Tudor Revival was built for Orville Prescott on the stretch of Fairmount Boulevard listed on the National Register of Historic Places. The formal gardens were originally designed by The Olmsted Brothers, sons of Frederick Law Olmsted, designer of Central Park, adding to this property's famed pedigree. The expansive stone patio and koi pond remain. This iconic estate offers everything you would expect from a property of its stature built in that era, from the exquisite woodwork, the formal living and dining rooms, paneled study with fireplace, pocket doors and built-in bookshelves, the grand staircase and elevator, to the oversized veranda. Let's not forget the 3rd floor ballroom, which was quite en vogue with the most prosperous of families at the turn of the 20th Century, and which is enjoying a revival of its own as a game room complete with billiards table. Much of the original character and charm have been preserved as modern upgrades were made. The Faralli-designed chef’s kitchen features Viking appliances including a 48” gas range with double ovens and two copper sinks. The secluded primary suite features two spacious rooms, both with fireplaces, an updated bathroom with dual sinks, walk-in shower and soaking tub, as well as a walk-in closet with jewelry safe. The seldom-found carriage house connected to the 3-car garage, features 2 bedrooms (1 on the ground floor) and 2 full bathrooms. This is the ideal space for an in-law or au pair suite, or a rental unit, currently generating $4,000 per month. Perfectly situated on nearly two-thirds of an acre, this property could be purchased with a separate buildable half acre lot on Guilford, creating a property of well over one acre... a rarity in The Heights. Schedule your private tour today to experience this unique property.

3085 Fairmount Boulevard, Cleveland Heights

$1,740,000
5201607 MLS
This is a portfolio built for the investor who understands that the best deals are bought, not found. Ten single-family homes across three of the strongest inner-ring east-side suburbs, priced as a package at $1,740,000 against an aggregate individual-unit comp value of $2.3M to $2.4M. That is roughly $560,000 of instant equity sitting on the closing table, plus the optionality to piece the portfolio off one house at a time as leases turn. Entry and location are the play. Cash flow is the bonus. The portfolio is 7 homes in Cleveland Heights, 1 in University Heights, and 2 in Richmond Heights, all 3BR/1.5BA or 4BR/1.5BA. Most have been renovated and are occupied by long-term tenants, with 8 of 10 on leases running through mid-2026 into 2027 and 2 on month-to-month. Current gross rent is $183,300 annually after recent increases, against market rent of $218,700. That is roughly 19% organic upside as leases roll, with zero vacancy today. Location is what makes this portfolio different from a scattered-site buy. Cleveland Heights gives you Cedar-Lee, Coventry, and a school district that trades to owner-occupants at full retail. University Heights sits on the John Carroll and Cedar Center corridor. Richmond Heights benefits from Town Square redevelopment and I-271 access. These are retail-grade zip codes, which is the entire reason the sell-off strategy works. You are not trying to wholesale out of rough areas. You are unwinding into a market that actively bids for your product. The numbers: $1,740,000 ask / $174,000 per door / 6.9% current cap / 7.8% proforma cap / $119,544 current NOI / $135,743 proforma NOI / 100% occupancy / $183,300 in-place gross rent / $218,700 market rent. Point of sale has been ordered. Inspections are scheduled over the next week. Please note: No Seller Financing available.

3589 Cedarbrook Road, Cleveland Heights

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