974 Eddy Road, Cleveland, OH 44108
Local realty services provided by:ERA Real Solutions Realty
Listed by: scott a marvin
Office: team results realty
MLS#:5218533
Source:OH_NORMLS
Price summary
- Price:$179,900
- Price per sq. ft.:$55.18
About this home
$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....
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Home facts
- Year built:1918
- Listing ID #:5218533
- Added:1 day(s) ago
- Updated:June 13, 2026 at 02:34 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:15
- Basement:Yes
- Basement Description:Partial
- Living area:3,260 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Shingle
- Year built:1918
- Building area:3,260 sq. ft.
- Lot area:0.11 Acres
- Construction Materials:Vinyl Siding, Wood Siding
- Levels:2 Stories
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$179,900
- Price per sq. ft.:$55.18
- Tax amount:$1,513 (2025)
Parking
- Parking description:Detached, Garage
- Garage:Yes
- Garage spaces:4
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