High-upside investment opportunity in this 9-unit multifamily building at 881 Eddy Rd, minutes from University Circle, major medical campuses, and downtown Cleveland. With seven large 1-bedroom units and two 2-bedroom units, the property offers an attractive unit mix positioned for strong rental demand in one of Cleveland’s fastest-growing areas. The building needs full renovation, making it an ideal value-add project with significant room to increase rents, improve NOI, and boost long-term equity. With strategic upgrades and smart repositioning, this asset has the potential to deliver standout returns and durable cash flow. Also see listing #5189113 under commercial apartment.
For sale
$225,000
881 Eddy Rd, Cleveland, OH 44108
6beds
4baths
7,641sqft
Est.:
Quadruplex, Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$29/sqft
$-- HOA
What's special
- 1 day |
- 251 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: March 06, 2026 at 08:08pm
Listed by:
David L Sturgeon 216-375-4486 davidsturgeon@howardhanna.com,
Howard Hanna
Source: MLS Now,MLS#: 5191564Originating MLS: Akron Cleveland Association of REALTORS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Forced Air, Gas
Cooling
- None
Features
- Basement: Partial,Unfinished
Interior area
- Total structure area: 7,641
- Total interior livable area: 7,641 sqft
- Finished area above ground: 7,641
Video & virtual tour
Property
Parking
- Parking features: Driveway, Paved, On Street
Features
- Levels: Three Or More
- Stories: 3
- Fencing: Chain Link
Lot
- Size: 5,000.69 Square Feet
Details
- Parcel number: 11011050
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Roof: Flat
Condition
- Fixer
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Forest Hill Pkwy
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $29/sqft
- Annual tax amount: $10,706
- Date on market: 3/6/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Owner May Carry
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Listed for sale | $225,000-41.6%$29/sqft |
Source: MLS Now #5191564 Report a problem | ||
| 5/17/2022 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 4/14/2022 | Price change | $385,000+2.7%$50/sqft |
Source: RE/MAX International #4340214 Report a problem | ||
| 2/11/2022 | Pending sale | $375,000$49/sqft |
Source: RE/MAX International #4340214 Report a problem | ||
| 12/29/2021 | Listed for sale | $375,000$49/sqft |
Source: RE/MAX International #4340214 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$1,520/mo
Principal & interest
$1160
Property taxes
$360
Climate risks
Neighborhood: Forest Hills
Getting around
51 / 100
Good TransitNearby schools
GreatSchools rating
- 3/10Stephanie Tubbs JonesGrades: PK-8Distance: 0.3 mi
- 3/10Glenville High SchoolGrades: 2,8-12Distance: 0.6 mi
- 4/10Franklin D. RooseveltGrades: PK-8Distance: 0.6 mi
Schools provided by the listing agent
- District: Cleveland Municipal - 1809
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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