Duplex with Two
For Sale
$399,900
2580-2582 Colchester Road, Cleveland Heights, OH 44106
MULTI_FAMILY - Cleveland Heights, OH
Property Size3,459 SF
Lot Size0.19 Acres
Price / SF$115.61
Days on Market143
Property Features for 2580-2582 Colchester Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 1, Laundry Room, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 2, Bedroom 4, Bedroom 9, Bathroom 4, Bedroom 10, Bathroom 3, Bedroom 3
Parking features
Garage
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Subdivision
Fairmount Coventry
Elementary school district
Cleveland Hts-Univer - 1810
Middle school district
Cleveland Hts-Univer - 1810
High school district
Cleveland Hts-Univer - 1810
Directions
Woodmere Dr to Colchester Rd
Standard status
Active
APN
685-32-003
Size
3,459 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
414 & 422 FAIRCOV 0013 ALL
Tax Annual Amount
9408
Legal Description
414 & 422 FAIRCOV 0013 ALL
Utilities
Sewer type
Public Sewer
Heating system
Steam, Other (Heating), Hot Water(Heating)
Water source
Public
Building Details
Year built
1920
Floors in Building
3
Building materials
Cedar
Roof type
Asphalt, Fiberglass
Listing Agency:
RE/MAX Crossroads Properties · RE/MAX International
(440) 331-2870
Listed By:
Anthony R Latina · License #2016003431
(440) 465-5611
Added: Mar 10
Changed: Jul 28
Last Checked: Jul 30 at 6:06PM
MLS# 5191555
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.
Investment Insights
Based on property information with market context.
This duplex at 2580–2582 Colchester Road provides two separate units, each featuring five bedrooms and two full bathrooms. Both sides include a dedicated dining room and a kitchen with abundant cabinetry, ample counter space, and appliances. Throughout the living areas and bedrooms, the home includes hardwood flooring. Each unit also has its own basement with a laundry area and associated garage space.
The property sits on a 0.1928-acre lot in Cleveland Heights, OH. The seller’s remarks note the home is adjacent to two local schools and a school playground.
Buyer to assume the POS. Photos are from before the current tenant moved in.
The property sits on a 0.1928-acre lot in Cleveland Heights, OH. The seller’s remarks note the home is adjacent to two local schools and a school playground.
Buyer to assume the POS. Photos are from before the current tenant moved in.
Key Highlights
- Duplex at 2580‑2582 Colchester Road with 10 bedrooms total and 4 full bathrooms
- Each unit offers 5 bedrooms and 2 full baths, plus a separate dining room and generously sized kitchen with appliances
- Each unit includes its own basement with a laundry area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.0k | $16.20 |
| − Vacancy | −$3.6k | −$1.05 |
| EGI | $52.4k | $15.15 |
| − OpEx | −$15.7k | −$4.54 |
| NOI | $36.7k | $10.60 |
3,459 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.3K
NOI $36,675 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$488.5K
$427.4K – $569.9K
NOI $34,193 @ 7.0% cap · market cap 8.55%
Theoretical Best
Warehouse
$2.77M
$2.43M – $3.23M
NOI $194,005 @ 7.0% cap · market cap 48.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 44106, OH
26,608
Population
13,287
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
6,188
Density / Sq Mi
$42,869
Median Household Income
$27,056
Median Earnings
$1,024
Median Rent
$241,600
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?
Duplex - Two-unit duplex offering 10 bedrooms total, each with 5 bedrooms, plus separate basements with laundry space.
Where is this duplex located?
The property is located at 2580-2582 Colchester Road Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Duplex at 2580‑2582 Colchester Road with 10 bedrooms total and 4 full bathrooms; Each unit offers 5 bedrooms and 2 full baths, plus a separate dining room and generously sized kitchen with appliances; Each unit includes its own basement with a laundry area
