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$299,900

For Sale

7 hours ago

1659 Lee Rd, Cleveland, OH

House

MLS® 5233889

6 Bed

2 Bath

2570 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2570 sqft
Garage Yes
Taxes $5,772
Days Active 1
Lot Size 0.1814 Acres
Approx. Age 1915
Avg. Price Per Sqft $116
MLS® Number 5233889

Property Address: 1659 Lee Rd, Cleveland, OH, 44118-1729

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

Description

INVESTMENT OPPORTUNITY – Fully occupied Cleveland Heights single-family rental offered at $299, 900 with a long-term lease and built-in rent growth already in place. Current rent is $2, 730/month ($32, 760 annually), increasing to $2, 870/month in April 2027 and $3, 015/month in April 2028. Current lease term extends through April 18, 2029. 1659 Lee Rd offers 6 bedrooms, 2 full baths and more than 1, 900 square feet of living space. The spacious floor plan features hardwood floors, a large living room, formal dining room, updated kitchen with ample cabinet and counter space, six bedrooms and two full baths. Tenants are responsible for utilities, lawn care and snow removal. Conveniently located near shopping, dining, parks and other Cleveland Heights amenities. An opportunity to acquire an established income-producing single-family rental with scheduled rent growth already in place.
MLS® Number5233889
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1915
BasementFinished
DrivewayDetached, Garage
Garage Spaces
HeatForced Air
A/CCeiling Fans

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 11, 2026List Date
$299,900List Price
Feb 21, 2024End Date
$152,000Sold Price

Sold

May 6, 2026List Date
$160,000List Price
  • Commute

Commute

Starting Address
Destination Address
1659 Lee Rd, Cleveland, OH

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