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 2800 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.
Active
$299,900
1659 Lee Rd, Cleveland Heights, OH 44118
6beds
2,870sqft
Single Family Residence
Built in 1915
7,901 Square Feet Lot
$-- Zestimate®
$104/sqft
$-- HOA
What's special
Spacious floor planFormal dining roomHardwood floors
- 3 days |
- 312 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Jeffrey J Wang 216-990-3200 jeffwangrealestate@gmail.com,
Keller Williams Greater Metropolitan
Source: MLS Now,MLS#: 5233889
Originating MLS: Akron Cleveland Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Features
- Basement: Finished
- Number of fireplaces: 1
Interior area
- Total structure area: 2,870
- Total interior livable area: 2,870 sqft
- Finished area above ground: 2,040
- Finished area below ground: 830
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage
- Garage spaces: 2
Features
- Levels: Three Or More
Lot
- Size: 7,901 Square Feet
Details
- Parcel number: 68432015
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Charles A Post Uplands Sub
HOA
- Has HOA: No
Location
- Region: Cleveland Heights
Financial & listing details
- Price per square foot: $104/sqft
- Tax assessed value: $184,900
- Annual tax amount: $5,772
- Date on market: 8/11/2026
- Cumulative days on market: 4 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Listed for sale | $299,900-3.3%$104/sqft |
Source: | ||
| 3/25/2025 | Listing removed | $2,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/25/2025 | Price change | $2,600-3.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/25/2025 | Listed for rent | $2,700+3.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/20/2024 | Listing removed | $310,000$108/sqft |
Source: | ||
| 12/3/2024 | Listed for sale | $310,000-7.5%$108/sqft |
Source: | ||
| 10/13/2024 | Listing removed | $335,000$117/sqft |
Source: | ||
| 9/14/2024 | Listed for sale | $335,000+120.4%$117/sqft |
Source: | ||
| 8/28/2024 | Listing removed | $2,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/21/2024 | Price change | $2,600-3.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/20/2024 | Listed for rent | $2,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/9/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/18/2024 | Listed for rent | $2,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/20/2024 | Sold | $152,000-5%$53/sqft |
Source: | ||
| 2/21/2024 | Contingent | $160,000$56/sqft |
Source: | ||
| 2/19/2024 | Listed for sale | $160,000+5.6%$56/sqft |
Source: | ||
| 9/13/2023 | Listing removed | $151,500$53/sqft |
Source: | ||
| 8/25/2023 | Price change | $151,500-3.2%$53/sqft |
Source: | ||
| 8/16/2023 | Price change | $156,500-2.5%$55/sqft |
Source: | ||
| 7/20/2023 | Price change | $160,500-0.9%$56/sqft |
Source: | ||
| 6/7/2023 | Price change | $162,000-3%$56/sqft |
Source: | ||
| 5/31/2023 | Listed for sale | $167,000$58/sqft |
Source: | ||
| 5/17/2023 | Listing removed | -- |
Source: | ||
| 5/11/2023 | Listed for sale | $167,000+82.5%$58/sqft |
Source: | ||
| 4/13/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 10/14/2021 | Sold | $91,500$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,400 -2.1% | $64,720 |
| 2024 | $5,514 +19.8% | $64,720 +53.3% |
| 2023 | $4,603 +0.5% | $42,210 |
| 2022 | $4,580 +2% | $42,210 |
| 2021 | $4,489 +12% | $42,210 +23.9% |
| 2020 | $4,006 +5.8% | $34,060 |
| 2019 | $3,785 -2.7% | $34,060 |
| 2018 | $3,888 +8.8% | $34,060 +17.2% |
| 2017 | $3,574 +0.4% | $29,060 |
| 2016 | $3,558 +5% | $29,060 |
| 2015 | $3,389 -54.6% | $29,060 -6.9% |
| 2014 | $7,472 +119.8% | $31,220 |
| 2013 | $3,400 -31.9% | $31,220 |
| 2012 | $4,994 -1.3% | $31,220 -6.1% |
| 2011 | $5,061 +1569.7% | $33,250 |
| 2010 | $303 -97% | $33,250 |
| 2009 | $10,150 +50.9% | $33,250 -6% |
| 2008 | $6,728 +129.6% | $35,390 |
| 2007 | $2,931 +8% | $35,390 |
| 2006 | $2,712 +8.3% | $35,390 +17.3% |
| 2005 | $2,505 -8.8% | $30,180 |
| 2004 | $2,747 +24.5% | $30,180 |
| 2003 | $2,207 +5.8% | $30,180 +14.5% |
| 2002 | $2,086 -49.7% | $26,360 |
| 2001 | $4,144 +0.4% | $26,360 |
| 2000 | $4,128 | $26,360 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 44118
Nearby schools
GreatSchools rating
- 5/10Boulevard Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Monticello Middle SchoolGrades: 6-8Distance: 1.5 mi
- 6/10Cleveland Heights High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: Cleveland Hts-Univer - 1810
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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