974 Eddy Road, Cleveland, OH 44108
Adams Realty Companys 04 · Cuyahoga County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1918
Stories
2
Living Area
3,260 sq ft
Lot Size
0.11 acres
Garage Spaces
4
Days on Market
31
MLS® Listing#
5218533
Property Features
Cooling
Heating
Basement
Parking
Construction
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$1,513
Tax year 2025
Parcel Number
110-12-030
Directions
974 Eddy Rd near Forest Hill Park
Affordability Calculator
$29,980
Estimated monthly payment
$798/mo
Principal $119,920 · Est. interest $167,299 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cleveland, OH
- 50
- Median Days on Market
- 1,830
- Median Sq Ft
- $99
- Median Price / Sq Ft
- 1,405
- Active Listings
- Its price per sq ft is 53% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cleveland, OH.
Location
Points of Interest in Cleveland, OH
Showing the Cleveland area map.
Nearby Schools
Citizens Academy East
School · 0.4 mi away
Patrick Henry School
School · 0.4 mi away
Stephanie Tubbs Jones School
Elementary · 0.4 mi away
Patrick Henry Junior High School
Secondary · 0.6 mi away
Mayfair Elementary School
Elementary · 0.6 mi away
George L Forbes Early Learning Ctr
School · 0.6 mi away
Glenville High School
Secondary · 0.8 mi away
East Cleveland City Schools
Elementary · 0.8 mi away
Franklin D Roosevelt Academy
Elementary · 0.8 mi away
Mary M Bethune
Elementary · 0.8 mi away
St. Aloysius Catholic School
School · 0.9 mi away
Heritage Middle School
Secondary · 0.9 mi away
Chambers Elementary School
Elementary · 1.0 mi away
Iowa Maple Elementary School
Elementary · 1.1 mi away
Clever Bee Academy
School · 1.1 mi away
Prospect Elementary School
Secondary · 1.2 mi away
Shaw High School
Secondary · 1.2 mi away
Kenneth W Clement
Elementary · 1.2 mi away
Mastery School of Hawken
Secondary · 1.3 mi away
Hawken School
School · 1.4 mi away
Commute Calculator
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Similar Home Values
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|---|---|---|---|---|
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| 11705 Fairport Avenue, Cleveland, OH | $127,500 | 8 | 2 | 2,784 |
| 13705 Kelso Avenue, Cleveland, OH | $129,000 | 7 | 3 | 2,865 |
| 9215 Yale Avenue, Cleveland, OH | $135,900 | 8 | 2 | 2,539 |
Moving Cost Estimate
EXIT Agents in Cleveland
Listing Courtesy: Team Results Realty - 614-382-2124, scottamarvin@gmail.com
Last Updated: 2026-06-12