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    1686 Lee Rd Cleveland, OH 44118

    New
    For Sale
    $290,000

    MULTI_FAMILY - Cleveland Heights, OH

    Property size:
    1,889 SF
    Lot size:
    0.19 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 1686 Lee Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 3, Laundry Room, Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Basement
    Bedrooms
    4
    Bathrooms
    3
    APN
    684-08-070
    Parking features
    Garage
    Interior features
    CeilingFans, EntranceFoyer, GraniteCounters
    Exterior features
    Balcony
    Appliances
    Dryer, Dishwasher, Range, Refrigerator, Washer
    Size
    1,889 SF
    Lot size
    0.19 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1922
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Asphalt

    EXP Realty (866) 212-4991 [email protected]

    Listing agent Denise Shepherd (216) 287-0041 License #2021000774

    Listing date Dec 4, 2025

    MLS# 5174090 Listing URL

    Copyright © 2025 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.

    Overview

    Cleveland Heights Multifamily Investment Opportunity

    Located in Cleveland Heights, this property presents a rare opportunity in Cedar-Lee, offering a flexible layout with strong income potential and walkability. Currently used as a co-living property, this 4-bedroom, 2.5-bath home is designed for co-living, house hacking, multi-generational living, or simply enjoying extra space. The adaptable floorplan features spacious bedrooms, updated common areas, and centrally located baths. The main level includes a bright, open living area with LVT floors, an inviting dining space, and a refreshed kitchen. Upstairs, four generously sized bedrooms are located near the updated full bath. A second full bath on the first floor provides additional flexibility. The property includes a deep, fully-fenced backyard with low-maintenance landscaping, a two-car garage, and two additional parking spaces. The wide front porch with pergola adds to the curb appeal. The property is within walking distance of Cedar-Lee's coffee shops, restaurants, theaters, boutiques, and parks, and it's minutes from University Circle, CWRU, Cleveland Clinic, University Hospitals, and the cultural hub of the East Side. The property has been renovated and refreshed with updated HVAC, new windows, and a new roof. It is situated in a vibrant, highly walkable neighborhood with quick access to hospitals, universities, and transit. The lot size is 0.1894 acres, and the property size is 1889 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.56829632
    Latitude
    41.51352058

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    FAQs

    What type of property is this?
    Single family property - Four-bedroom home with income potential in a walkable neighborhood.
    Where is this single family property located?
    The property is located at 1686 Lee Rd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: - Unbeatable Walkability: Steps away from Cedar-Lee's shops, restaurants, theaters, and parks.; - Strong Income Potential: Currently used as a successful co-living property, ideal for investors or buyers seeking mortgage relief through rental income.; - Flexible Layout: Adaptable floorplan suitable for co-living, house hacking, multi-generational living, or simply enjoying extra space.
    (216) 287-0041
    Request Owner's contact information
    1686 Lee Rd Cleveland, OH 44118
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    Cleveland, OH 44118
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    Realmo Value Estimation

    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.

    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.

    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
    1686 Lee Rd Cleveland, OH 44118
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