USAOHClevelandAdams Realty Companys 04974 Eddy Road

974 Eddy Road, Cleveland, OH

Name: 974 Eddy Road, For Sale in Cleveland - eXp Realty
Brand: Team Results Realty
SKU: 5218533
Price: 179900 USD

House

For Sale

Listed price in listed location currency (USD).

$179,900

834

MLS® 5218533

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 3260 sqft

Garage Yes

Taxes $1,513

Days Active 0

Lot Size 0.1074 Acres

Approx. Age 1918

Avg. Price Per Sqft $55

MLS® Number 5218533

Property Address: 974 Eddy Road, Cleveland, OH, 44108

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

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.

MLS® Number5218533

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1918

BasementPartial

DrivewayDetached, Garage

Garage Spaces

HeatForced Air, Gas

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 12, 2026List Date

$179,900List Price

Commute

Commute

Starting Address

Destination Address

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