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Listed price in listed location currency (USD).
$345,000

730

MLS® 5168272

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2799 sqft
Garage Yes
Taxes $9,662
Days Active 23
Lot Size 0.11 acres
Approx. Age 1912
Avg. Price Per Sqft $123
MLS® Number 5168272

Property Address: 1683 Colonial Dr, Cleveland Heights, OH, 44118-1813

Average square foot calculated using Size range provided by listing agent.

Description

Investor’s dream meets house-hacker’s paradise! This fully updated three-unit gem is just minutes from the vibrant Coventry Village, offering both strong returns and endless flexibility. The first-floor unit is a spacious 3-bed, 1-bath leased for $1, 500/month, while the freshly vacated second-floor 3-bed, 1-bath (previously rented at $1, 800/month) is move-in ready, perfect for an owner-occupant to live in comfort while your tenants pay the mortgage. The third unit, a charming 1-bed, 1-bath Airbnb/midterm rental, averages $1, 500/month, giving you multiple income streams and short-term rental upside. Once fully occupied, enjoy an impressive 10%+ cap rate and nearly 15% cash-on-cash return, a true turnkey opportunity whether you’re adding to your portfolio or diving into your first investment. With modern updates, central air, reliable income, and unbeatable proximity to shops, dining, and nightlife, this property delivers financial freedom and lifestyle flexibility in one rare package. *Note - County auditor website states that there are 4 bedrooms and 2 bathrooms but the owner states that there are 7 bedrooms and 3 bathrooms.
MLS® Number5168272
Laundry Level
Central VacNo
FireplaceNo
Acreage0.11
Exterior
GarageYes
Approx. Age1912
BasementFull
DrivewayDetached, Garage, On Site, Paved
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 11, 2025List Date
$345,000List Price
  • Commute

Commute

Starting Address
Destination Address
1683 Colonial Dr, Cleveland Heights, OH

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