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Listed price in listed location currency (USD).
$270,000

933

MLS® 5194790

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 3768 sqft
Garage Yes
Taxes $6,260
Days Active 2
Lot Size 0.155 acres
Approx. Age 1920
Avg. Price Per Sqft $71
MLS® Number 5194790

Property Address: 3371 Beechwood Ave, Cleveland Heights, OH, 44118-1874

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

Description

Triplex investment opportunity in the heart of Cleveland Heights! Located at 3371 Beechwood Avenue, this recently renovated multi-family property offers immediate income with additional upside for savvy investors. Currently 2/3 occupied with long-term tenants, the property provides stable cash flow from day one, with the opportunity to increase returns. The fully renovated first-floor unit is vacant and actively marketed at $1, 400/month, positioning the asset to generate over $3, 000/month once fully leased. This opportunity is projected at an attractive **~7.6% pro forma cap rate** at a $270K purchase price, offering a compelling blend of in-place income and lease-up potential. Extensive recent updates reduce maintenance concerns and enhance tenant appeal, including freshly painted interiors, new carpeting, updated kitchen countertops, a newer section of the roof, brand-new HVAC systems, and updated plumbing throughout. Cleveland Heights is a proven rental market known for strong tenant demand, historic charm, and proximity to major employers, universities, and healthcare institutions. Its walkable neighborhoods and enduring appeal continue to support stable occupancy and long-term appreciation, making it one of Greater Cleveland’s most reliable submarkets for multi-family investment. Whether expanding a portfolio or entering the market, this property offers the ideal mix of cash flow, value-add potential, and long-term growth. Don’t miss the opportunity to secure a high-performing asset in one of Northeast Ohio’s most established investment corridors.
MLS® Number5194790
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.155
Exterior
GarageYes
Approx. Age1920
BasementFull, Unfinished
DrivewayPaved
Garage Spaces3
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 19, 2026List Date
$270,000List Price
  • Commute

Commute

Starting Address
Destination Address
3371 Beechwood Ave, Cleveland Heights, OH

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