Sign Up Successful!
You now have access to more from Realmo!
    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

    935 Ravine Dr Cleveland Heights, OH 44112

    Sponsored
    For Sale
    Pending
    $164,999

    MULTI_FAMILY - Cleveland Heights, OH

    Property size:
    3,708 SF
    Lot size:
    0.29 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 1 at 10:06 pm

    Property Features for 935 Ravine Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 2, Basement, Bedroom 3, Bathroom 1, Laundry Room, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 1
    Bedrooms
    4
    Bathrooms
    3
    APN
    681-03-061
    Parking features
    Driveway, Garage
    Interior features
    CeilingFans
    Appliances
    Dishwasher, Disposal, Microwave, Range, Refrigerator
    Size
    3,708 SF
    Lot size
    0.29 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    2
    Building materials
    WoodSiding
    Roof type
    Fiberglass, Asphalt

    We can help!

    Listing Contact
    Lashon Borom

    HomeSmart Real Estate Momentum (440) 537-3949

    Listing agent Lashon Borom (216) 548-0418 License #2017004579

    Listing date Jan 23, 2026

    MLS# 5169917 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

    Turnkey Duplex with Bonus Lot

    This multi-family property in Cleveland Heights, OH, presents an investment opportunity with immediate cash flow potential. The duplex features two units, each containing 2 bedrooms and 1 bathroom. Both units are currently occupied by tenants on month-to-month leases. The sale includes an additional lot, offering possibilities for future development, expansion, or outdoor space. The property is being sold AS-IS, and the buyer will assume remaining Property Operations and Safety (POS) violations. The property has a size of 3708 square feet and is situated on a lot of 0.2932 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.562185
    Latitude
    41.535747

    Nearby Similar for Sale

    • $297,000
      3,696 SF

      Spacious Cleveland Heights Income Property

      Three-story duplex with rental income potential in Cleveland Heights.
      1558 Ivydale Rd, Cleveland Heights, OH 44118
      View Details
    • New
      $314,999
      3,474 SF

      Updated Duplex in Cleveland Heights

      Income-generating duplex, ideal for investors or owner-occupants in Cleveland Heights.
      3423 Beechwood Ave, Cleveland Heights, OH 44118
      View Details
    • $379,000
      0.13 Acres

      Cleveland Heights Triplex Investment Opportunity

      Charming triplex in Cleveland Heights with income potential.
      2245 Bellfield Ave, Cleveland Heights, OH 44106
      View Details
    • $399,000
      3,472 SF

      Cleveland Heights Triplex with Garage

      Triplex with three units, garage, and convenient location.
      2819 E Derbyshire Rd, Cleveland Heights, OH 44118
      View Details
    • $330,000
      3,789 SF

      Spacious Cleveland Heights Side-by-Side Duplex

      Updated duplex with income potential in desirable Cleveland Heights neighborhood.
      3235 Oak Rd, Cleveland Heights, OH 44118
      View Details
    • $309,900
      3,278 SF

      Updated Triplex in Cleveland Heights

      Well-maintained triplex with updated units, new roof, and plumbing.
      1676 Glenmont Rd, Cleveland Heights, OH 44118
      View Details
    • $299,999
      Pending

      Cleveland Heights Duplex: Income Potential

      Spacious duplex with immediate income and upside potential in Cleveland Heights.
      3837 Mayfield Rd, Cleveland Heights, OH 44121
      View Details
    • $150,000
      Pending

      Multifamily Investment Opportunity

      Part of a seven-building portfolio with strong in-place rent.
      817 Helmsdale Rd, Cleveland Heights, OH 44112
      View Details
    • $410,000
      Pending

      Renovated Duplex in Cleveland Heights

      Turnkey duplex near Cedar-Lee District with updated features and income potential.
      3156 E Derbyshire Rd, Cleveland Heights, OH 44118
      View Details
    • $309,900
      Pending

      Cleveland Heights Duplex Investment Opportunity

      Side-by-side duplex near Cedar/Lee district with updates throughout.
      3331 Cedarbrook Rd, Cleveland Heights, OH 44118
      View Details
    • New
      $185,000
      2,903 SF

      Cleveland Heights Two-Family Home

      Two-unit property in Cleveland Heights near amenities and schools.
      3411 Beechwood Ave, Cleveland Heights, OH 44118
      View Details
    • $129,000
      0.11 Acres

      Cleveland Heights Multifamily Investment Opportunity

      Multifamily property in Cleveland Heights, Ohio. Section 8 potential.
      939 Helmsdale Rd, Cleveland Heights, OH 44112
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-producing duplex with two units and additional lot included.
    Where is this duplex located?
    The property is located at 935 Ravine Dr Cleveland Heights, OH.
    What is the asking price?
    The asking price for this property is $164,999.
    What are key features of this property?
    This property features: - Turnkey, income-producing duplex with immediate cash flow from existing tenants.; - Includes an additional lot for future development or expansion.; - Each unit features 2 bedrooms and 1 bathroom.
    (216) 548-0418
    Request Owner's contact information
    935 Ravine Dr Cleveland Heights, OH 44112
    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.
    935 Ravine Dr
    Cleveland Heights, OH 44112
    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
    935 Ravine Dr Cleveland Heights, OH 44112
    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
    Lashon Borom
    Real Estate License ID: 2017004579
    (216) 548-0418
    Learn more
    Google sign-in failed. Please try again or use another login method.