Active

974 Eddy Road

Cleveland, OH 44108

$179,900 $758/Mo

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Overview

Bed

Bath

3,260

Sqft

0.11

Acre(Lot)

Description

$3,100+ Projected Monthly Income | $1,000+/Mo Projected Cash Flow | $190K Appraised Value | Fully Renovated | $80K+ Documented Rehab Work | One Unit Occupied | Two Large 3BR Units Ready for Lease-Up Triplex-style multifamily with a full rehab completed across the property, one unit already occupied, and two oversized 3 bed / 1 bath units ready for lease-up. The rehab included major work such as main roof replacement, new furnaces and hot water tanks, interior paint, drywall repairs, kitchen/bath updates, flooring, lighting, doors/locks, and other improvements. The occupied unit is the smaller top-floor 2 bed / 1 bath unit with 635 sqft, currently rented at $700/month and income-producing, providing immediate rental income. The two vacant 3BR units are significantly larger, with 1,335 sqft and 1,290 sqft, and have not been occupied since the rehab work was completed. Estimated rents for the two vacant 3BR units are $1,200–$1,300/Mo each based on nearby 3BR comps and property management feedback. Prior appraisal documentation showed a $190,000 appraised value and confirmed the prior scope of work was completed per inspection. Seller can provide appraisal completion documentation and rehab work summary to serious buyers. Final plumbing item remaining, quoted by vendor at approx. $3,335. Seller has already completed the major rehab, and unit prep, absorbing the time, cost, and execution risk of the heavy work. The next investor can step in, button up the final item, move directly into lease-up of the two large vacant 3BR units, and move toward a cash-flowing rental property. Seller-provided investment analysis shows $1,000+/month projected cash flow under sample financing and expense assumptions. Supporting documentation available to serious buyers upon request, including full detailed investment analysis with cash-flow model, expense assumptions, cap rate/DSCR/return metrics, rental comps, appraisal documentation, and completed rehab work summary.

Property Details

Property Type : Residential Income

Price : $179,900

AD Id : 84762680

MLS Id : 5218533

Beds : 8

Lot Size : 0.11 Acre

Living Area Size : 3,260

Year Built : 1918

Garage : 4

County : Cuyahoga

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 3 Full Baths: 3

Room Information

Rooms Total: 15 Has Basement: Yes Basement: Partial
Roofing Information

Shingle
Interior Features

Roof: Shingle
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None

Building Information

Year Built: 1918 Construction Materials: Vinyl Siding, Wood Siding Private Pool: No

Lot Information

Main Square Feet: 0.1074 Acres Lot Size Acres: 0.1074 Lot Size Source: Assessor

Property Information

Subdivision: Adams Realty Companys 04 Source Property Type: Residential Income Property SubType: Triplex Levels: Three Or More Property Age: 108

Listing Price Information

Listing Price: $179900

Tax Information

Parcel Number: 110-12-030 Tax Year: 2025 Annual Tax: $1513 Tax Legal Desc: 373 ADAMS#4 0034 ALL

Parking Information

Detached, Garage

Garage Information

Has Garage: Yes Garage Space: 4

Location Information

Direction: 974 Eddy Rd near Forest Hill Park WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
13012 Austin Avenue, Cleveland, OH, 44108	$145,000	6	2	--
889 E 128th Street, Cleveland, OH, 44108	$74,500	6	3	2,000	2,000 SqFt
1000 Eddy Road, Cleveland, OH, 44108	$172,500	6	2	4,037	4,037 SqFt
684 E 128th Street, Cleveland, OH, 44108	$100,000	4	2	2,436	2,436 SqFt
474 E 128 Street, Cleveland, OH, 44108	$103,500	4	2	2,569	2,569 SqFt
957 Thornhill Drive, Cleveland, OH, 44108	$150,000	5	3	3,335	3,335 SqFt
882 Eddy Road, Cleveland, OH, 44108	$145,000	5	3	2,524	2,524 SqFt
957 Parkway Road, Cleveland, OH, 44108	$165,000	7	3	4,265	4,265 SqFt
630-634 Eddy Road, Cleveland, OH, 44108	$325,000	10	5	4,848	4,848 SqFt
11705 Fairport Avenue, Cleveland, OH, 44108	$130,000	8	2	2,784	2,784 SqFt

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 06/13/2026 @ 07:38

MLS: 5218533 LISTED BY: Scott Marvin, Team Results Realty 614-382-2124 SOURCE: MLS Now