Updated Three-Unit
For Sale
Contact for pricing
Pending
1683 Colonial Drive, Cleveland Heights, OH 44118
Three-bedroom and one-bedroom layouts feature updated interiors and central air.
Property Size2,799 SF
Days on Market293
Property Features for 1683 Colonial Drive
General Information
Standard status
Pending
Size
2,799 SF
Class
B
Property subtype
Multifamily
Occupancy
66%
Investment Type
Stabilized
Units
Unit Mix
2 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
central air
Building Details
Year Built
1912
Buildings
1
Stories
2
Units
3
Listing Agency:
Russell Commercial Advisory
Listed By:
Tal Tamir · License #OH 2018001908
Source:
Crexi
Added: Nov 11, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russell Commercial Advisory
Investment Insights
Based on property information with market context.
Built in 1912, this Cleveland Heights triplex contains three residential units with a combination of three-bedroom and one-bedroom layouts. The first-floor 3-bed, 1-bath apartment is leased, while the second-floor 3-bed, 1-bath unit is vacant and ready for occupancy. A third 1-bed, 1-bath unit operates as an Airbnb and midterm rental.
Property features include modern updates and central air. The address is minutes from Coventry Village, with shops, dining, and nightlife nearby. The property is suited to an investor seeking a multi-unit asset or an owner-occupant looking to combine personal occupancy with rental units.
When fully occupied, the property is represented with a 10%+ cap rate and nearly 15% cash-on-cash return.
Property features include modern updates and central air. The address is minutes from Coventry Village, with shops, dining, and nightlife nearby. The property is suited to an investor seeking a multi-unit asset or an owner-occupant looking to combine personal occupancy with rental units.
When fully occupied, the property is represented with a 10%+ cap rate and nearly 15% cash-on-cash return.
Key Highlights
- Three‑unit triplex at 1683 Colonial Drive, Cleveland Heights, OH 44118
- Unit mix includes two 3‑bed, 1‑bath apartments and one 1‑bed, 1‑bath apartment
- First‑floor unit is leased; second‑floor unit is vacant and ready for occupancy
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 44118, OH
40,242
Population
17,849
Households
2.3
Avg Household Size
35
Median Age
61%
College-Educated
96%
High-School Grad
7.0 sq mi
ZIP Area
5,749
Density / Sq Mi
$76,328
Median Household Income
$44,837
Median Earnings
$1,195
Median Rent
$205,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom and one-bedroom layouts feature updated interiors and central air.
Where is this triplex located?
The property is located at 1683 Colonial Drive Cleveland Heights, OH.
What are key features of this property?
This property features: Three‑unit triplex at 1683 Colonial Drive, Cleveland Heights, OH 44118; Unit mix includes two 3‑bed, 1‑bath apartments and one 1‑bed, 1‑bath apartment; First‑floor unit is leased; second‑floor unit is vacant and ready for occupancy
