3371 Beechwood Avenue, Cleveland Heights, OH 44118

Cleveland Heights
Local realty services provided by:Better Homes and Gardens Real Estate Central
3371 Beechwood Avenue,Cleveland Heights, OH 44118
$270,000
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  • 9 Beds
  • 3 Baths
  • 3,768 sq. ft.
  • Multi-family
  • Active
Listed by: alex v johnson
Office: real estate quest, inc.
MLS#:5194790
Source:OH_NORMLS

Price summary

  • Price:$270,000
  • Price per sq. ft.:$71.66

About this home

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...

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Home facts

  • Year built:1920
  • Listing ID #:5194790
  • Added:8 day(s) ago
  • Updated:March 28, 2026 at 02:14 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:14
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:3,768 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1920
  • Building area:3,768 sq. ft.
  • Lot area:0.15 Acres
  • Construction Materials:Vinyl Siding
  • Levels:3 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$270,000
  • Price per sq. ft.:$71.66
  • Tax amount:$6,260 (2025)

Parking

  • Parking description:Paved
  • Garage:Yes
  • Garage spaces:3
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