Cleveland Heights Triplex with
2819 E Derbyshire Road, Cleveland Heights, OH 44118
MULTI_FAMILY - Cleveland Heights, OH
Property size:
3,472 SFLot size:
0.15 AcresPrice / SF:
$114/SF- Added:
- Jan 22, 2026
- Days on Market:
- 113
- Last Refresh:
- May 15 at 3:06 pm
Property Features for 2819 E Derbyshire Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 6, Bedroom 4, Laundry Room, Basement, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 1
- Parking features
- Open, Off Street, Garage, Assigned
- Appliances
- Dryer, Dishwasher, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 684-18-069
- Size
- 3,472 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9047
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Electric (Heating), Steam, Baseboard, Other (Heating)
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 3
- Building materials
- VinylSiding
- Roof type
- Fiberglass, Asphalt
Listing agent Veena Bhupali License #402242 (216) 598-1477
Listing office The Agency Cleveland Northcoast 14 1/2 Main Street, Chagrin Falls, OH (216) 415-7080
Listing date Jan 22, 2026
MLS# 5183127
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.
HighLights
- Triplex featuring three separate units - great for investors or owner‑occupants seeking rental income.
- Detached three‑car garage and driveway provide AMPLE OFF‑STREET PARKING.
- Convenient location near retail, dining, cultural spots, universities, hospitals, and employment hubs.
- First and second‑floor units offer three bedrooms, living room, dining room, kitchen, and a full bath.
- Shared common basement includes washer & dryer hookups and designated storage.
- Benefit from vinyl siding, replacement windows, roof replacements, multiple electrical panels, and select mechanical updates.
Overview
This triplex features three separate residential units, presenting a multi-unit ownership opportunity. The first- and second-floor units have similar layouts, each including a living room, dining room, kitchen with appliances, three bedrooms, and one full bath. The second-floor unit also features an enclosed porch. The generous room sizes and traditional floor plans accommodate living and dining spaces. The third-floor unit offers a living area, kitchen, one bedroom, and one full bath, heated by electric baseboard. All units share a common basement with a washer & dryer and designated storage areas. A detached three-car garage and driveway provide off-street parking. Improvements include vinyl siding, replacement windows, roof replacements for both the house and the garage, multiple electrical panels, and glass-block basement windows, along with select mechanical updates. The property is located conveniently near retail districts, dining, cultural destinations, universities, hospitals, and major employment centers. This property, situated on a 0.148-acre lot, offers a practical layout and location for long-term use, rental potential, or owner-occupied multi-unit living. The property size is 3472 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$548.2K
NOI $49,334 @ 9.00% cap · cautious / downside scenario
Moderate
$704.8K
NOI $49,334 @ 7.00% cap · market / base-case scenario
Aggressive
$986.7K
NOI $49,334 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.6k | $21.48 |
| − Vacancy | −$4.1k | −$1.18 |
| EGI | $70.5k | $20.30 |
| − OpEx | −$21.1k | −$6.09 |
| NOI | $49.3k | $14.21 |
3,472 SF · lease $21.48/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$704.8K
$616.7K – $822.2K
NOI $49,334 @ 7.0% cap · market cap 12.36%
Second Best
Apartment 5plus
$655.5K
$573.6K – $764.8K
NOI $45,885 @ 7.0% cap · market cap 11.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Cleveland Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.579281
- Latitude
- 41.5028097
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Triplex with three units, garage, and convenient location.
Where is this triplex located?
The property is located at 2819 E Derbyshire Road Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Triplex featuring three separate units - great for investors or owner‑occupants seeking rental income.; Detached three‑car garage and driveway provide AMPLE OFF‑STREET PARKING.; Convenient location near retail, dining, cultural spots, universities, hospitals, and employment hubs.
