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Cleveland Heights Just Listed Properties for Sale

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Newest Cleveland Heights Just Listed Properties for Sale

$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

$124,900
4 Beds 4 Baths 5159269 MLS
Fall in love with this gorgeous Colonial in a highly desirable suburban neighborhood! Boasting approx. 1,728 sq ft, 4 bedrooms, and 2.2 bathrooms, this home perfectly blends charm, space, and lifestyle. The bright living room welcomes you with a cozy wood-burning fireplace, flowing seamlessly into the dining room with chandelier and open kitchen—perfect for entertaining family and friends. Upstairs, three bedrooms include one with a private balcony perfect for morning coffee, reading, or enjoying fresh air. Additionally, there’s a sunroom bathed in natural light, ideal for relaxing or cozy gatherings, and a full bath with tub/shower combo. The finished third floor features a suite with full bath plus a versatile bonus room—ideal as a 5th bedroom, office, or family retreat. The unfinished basement adds endless storage possibilities. Outside, relax on the inviting side porch or park with ease in the detached 2-car garage. Conveniently near schools, parks, cafes, restaurants, and grocery stores, this home offers the perfect balance of comfort and convenience. Every level of this home invites warmth, gatherings, and cherished memories. Don’t miss your chance—schedule your showing today! Please note that the information and property details provided in this listing, including utilities and room dimensions, are approximate and considered reliable but not guaranteed. It's recommended to independently verify these details if you are considering a transaction based on this listing. The seller/current owner does not guarantee that all property information has been included in this MLS listing. Additionally, the buyer is responsible for all inspections and any city requirements to close.

3320 Beechwood Avenue, Cleveland Heights

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