Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1000 Eddy Rd Cleveland, OH 44108

    Sponsored
    For Sale
    $175,000

    MULTI_FAMILY - Cleveland, OH

    Property size:
    4,037 SF
    Lot size:
    0.10 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 2 at 9:06 pm

    Property Features for 1000 Eddy Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Blinds
    Rooms
    Bedroom 6, Laundry Room, Bathroom 1, Bathroom 2, Basement, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
    Bedrooms
    6
    Bathrooms
    2
    APN
    110-12-026
    Parking features
    On Street, Driveway, Garage, Off Street
    Interior features
    BuiltInFeatures, CeilingFans, Storage
    Exterior features
    Lighting, PrivateYard
    Size
    4,037 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1918
    Floors in Building
    2
    Building materials
    VinylSiding, WoodSiding
    Roof type
    Asphalt, Shingle, Fiberglass
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Mashume Akpo-Esambe

    Russell Real Estate Services (440) 268-9491

    Listing agent Mashume Akpo-Esambe (440) 821-4826 License #2016005543

    Listing date Mar 2, 2026

    MLS# 5187987 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cleveland Duplex: Investment Opportunity

    This duplex in Cleveland, Ohio, presents a significant investment opportunity. One unit is currently occupied and generates $1,250 per month. The other unit is vacant and has the potential to bring in an additional $1,250, resulting in a combined monthly income of $2,500. The property features two new furnaces and two new hot water tanks as of 2025. Conservative estimates suggest a potential monthly rent of $3,366 or an annual income of $40,392. The exterior has been painted, and all lead issues have been addressed. The property, with a size of 4,037 square feet and a lot size of 0.1047 acres, is located in Cuyahoga County. The seller prefers to sell the property AS-IS. The down unit is currently tenant-occupied, and showings are limited to the second floor and common areas at this time, requiring an accepted offer for viewing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.595441
    Latitude
    41.53075

    Nearby Similar for Sale

    • $385,000
      1,500 SF

      Cleveland Commercial Flex Space For Sale

      Versatile commercial space with warehouse and office components in Cleveland.
      12703 Triskett Rd, Cleveland, OH 44111
      View Details
    • $699,900
      2,206 SF

      Tremont Mixed-Use Investment Opportunity

      Versatile Tremont property for live, work, and investment.
      2280 W 10Th St, Cleveland, OH 44113
      View Details
    • $425,000
      1,440 SF

      Established Cleveland Convenience Store Opportunity

      Established convenience store with real estate and expansion potential for sale.
      15315 Bartlett Ave, Cleveland, OH 44120
      View Details
    • $254,000
      0.24 Acres

      Two Cleveland Commercial Properties For Sale

      Two commercial properties with established business, equipment, and expansion potential.
      15753 Puritas Ave, Cleveland, OH 44135
      View Details
    • $430,000
      0.15 Acres

      West Park Office Building Investment

      1929 brick office building in Cleveland's West Park neighborhood.
      16903 Fischer Rd, Cleveland, OH 44107
      View Details
    • $174,900
      2,238 SF

      Cash-Flowing Duplex Near Downtown Cleveland

      Turnkey, fully occupied duplex in Cleveland's Slovenian Village neighborhood.
      1100 E 74Th St, Cleveland, OH 44103
      View Details
    • New
      $109,900
      1,620 SF

      Turnkey Duplex in Cleveland

      Renovated duplex near Cleveland Clinic, ideal for investors.
      2912 E 102Nd St, Cleveland, OH 44104
      View Details
    • New
      $179,000
      2,400 SF

      Renovated Duplex in Shaker Heights

      Fully renovated duplex in desirable Shaker Heights neighborhood.
      3341 E 119Th St, Cleveland, OH 44120
      View Details
    • $300,000
      0.34 Acres

      Versatile Cleveland Commercial Flex Space

      Adaptable commercial flex space near Opportunity Corridor in Cleveland.
      10210 Woodland Ave, Cleveland, OH 44104
      View Details
    • $169,900
      1,663 SF

      Retail Property in Cleveland, OH

      Retail property for sale in Cleveland, Ohio, 1663 square feet.
      3613 Dawning Ave, Cleveland, OH 44109
      View Details
    • $60,000
      0.12 Acres

      Versatile Cleveland Commercial Property

      Spacious property with potential for retail, office, or live/work conversion.
      16219 Saint Clair Ave, Cleveland, OH 44110
      View Details
    • $115,000
      2,016 SF

      Renovated Multifamily Home in Cleveland

      Two renovated units, income potential, convenient location, parking, and storage.
      14106 Sylvia Ave, Cleveland, OH 44110
      View Details

    FAQs

    What type of property is this?
    Duplex - Move-in ready duplex with income potential in Cleveland, Ohio.
    Where is this duplex located?
    The property is located at 1000 Eddy Rd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Duplex with immediate income potential of $1,250/month from one occupied unit.; - Potential rental income increase to $3,366/month based on CMHA rates.; - Two new furnaces and two new hot water tanks installed in 2025.
    (440) 821-4826
    Request Owner's contact information
    1000 Eddy Rd Cleveland, OH 44108
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1000 Eddy Rd
    Cleveland, OH 44108
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1000 Eddy Rd Cleveland, OH 44108
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mashume Akpo-Esambe
    Real Estate License ID: 2016005543
    (440) 821-4826 (440) 572-1200 (440) 892-2211
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!