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    817 Helmsdale Rd Cleveland Heights, OH 44112

    Pending
    For Sale
    $150,000

    MULTI_FAMILY - Cleveland Heights, OH

    Property size:
    2,576 SF
    Lot size:
    0.11 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 817 Helmsdale Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bathroom 3, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
    Bedrooms
    5
    Bathrooms
    3
    APN
    681-06-012
    Parking features
    Driveway, On Street, Garage
    Size
    2,576 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Forced Air, Natural Gas, Baseboard
    Water source
    Public

    Building Details

    Year built
    1926
    Floors in Building
    3
    Building materials
    AluminumSiding
    Roof type
    Fiberglass, Asphalt

    KW Living (440) 318-1620 [email protected]

    Listing agent Michael L Magno (216) 236-8849 License #2016003542

    Listing date Nov 26, 2025

    MLS# 5171074 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

    Multifamily Investment Opportunity

    This multifamily property, part of a seven-building portfolio consisting of five duplexes and two triplexes, presents an excellent investment opportunity. The properties can be purchased individually or as a complete package. The portfolio boasts over $12,000 in current in-place rents. Located across Cleveland and one in Cleveland Heights, the properties maintain 100% occupancy and strong in-place rent rolls, with potential for rent increases to market levels. Each property features separate gas and electric utilities and a solid rental history, with a mix of long-term tenants, including both subsidized and cash-paying residents. Several units include newer roofs, younger mechanicals, and updated electric panels and hot water heaters. Suited for seasoned investors seeking immediate cash flow and portfolio diversification, or local operators looking to add proven income-producing assets. The portfolio benefits from in-house management and maintenance, which is willing to remain with a new owner. All properties are current (or in the process of renewal) on rental registrations and lead-safe compliance. The property has a size of 2576 square feet and a lot size of 0.11 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    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 Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.558383
    Latitude
    41.537721

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    FAQs

    What type of property is this?
    Multifamily property - Part of a seven-building portfolio with strong in-place rent.
    Where is this multifamily property located?
    The property is located at 817 Helmsdale Rd Cleveland Heights, OH.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Part of a multi-property portfolio boasting over $12,000 in current in-place rents.; - Enjoy a 100% occupancy rate with the potential to increase rents to market levels.; - Each property has separate gas and electric utilities.
    (216) 236-8849
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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
    817 Helmsdale Rd Cleveland Heights, OH 44112
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