1683 Colonial Drive, Cleveland, OH 44118

Cleveland
Local realty services provided by:Better Homes and Gardens Real Estate Central
1683 Colonial Drive,Cleveland, OH 44118
$345,000
Virtual Tour
  • 7 Beds
  • 3 Baths
  • 2,799 sq. ft.
  • Multi-family
  • Pending
Listed by: tal tamir
Office: russell real estate services
MLS#:5168272
Source:OH_NORMLS

Price summary

  • Price:$345,000
  • Price per sq. ft.:$123.26

About this home

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....

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1912
  • Listing ID #:5168272
  • Added:71 day(s) ago
  • Updated:April 18, 2026 at 07:16 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:3
  • Full bathrooms:3
  • Basement:Yes
  • Basement Description:Full
  • Living area:2,799 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1912
  • Building area:2,799 sq. ft.
  • Lot area:0.11 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$345,000
  • Price per sq. ft.:$123.26
  • Tax amount:$9,662 (2024)

Parking

  • Parking description:Detached, Garage, Paved
  • Garage:Yes
  • Garage spaces:2
MLS Logo

New listings near 1683 Colonial Drive