Five-Bedroom
New
For Sale
$386,000
2580 Colchester Road, Cleveland Heights, OH 44106
ResidentialIncome, Cleveland Heights, OH
Property Size3,459 SF
Lot Size0.19 Acres
Price / SF$111.59
Days on Market1
Property Features for 2580 Colchester Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
10
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 2, Bedroom 8, Bedroom 1, Bedroom 9, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 10, Bathroom 5, Bathroom 2, Basement, Bathroom 4, Bedroom 6, Laundry Room, Bathroom 6, Bedroom 7, Bedroom 5, Bathroom 1
Parking features
Garage
Appliances
Dishwasher, Range, Refrigerator
Subdivision
Fairmount Coventry
Lot features
Front Yard
Elementary school district
Cleveland Hts-Univer - 1810
Middle school district
Cleveland Hts-Univer - 1810
High school district
Cleveland Hts-Univer - 1810
Directions
Between Woodmere Dr and W. St James Pkwy
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
4704
Legal Description
414 & 422 FAIRCOV 0013 ALL
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas, Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
3
Building materials
Brick, WoodSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Ohio Broker Direct
Listed By:
Joan Elflein · License #386319
(614) 989-7215
Added: Oct 10
Last Checked: Oct 10 at 2:06PM
MLS# 5252188
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.
Built in 1920, this duplex contains two vacant residences, each arranged with five bedrooms. The property totals 3,459 square feet on a 0.1928-acre lot. Recent work includes interior painting and installation of a new driveway.
The property is in Cleveland Heights, near Cleveland Clinic, University Hospitals, and Case Western Reserve University. Primary and middle schools are within walking distance. Brick and wood siding, a garage, and public water and sewer service are among its existing features.
The property is in Cleveland Heights, near Cleveland Clinic, University Hospitals, and Case Western Reserve University. Primary and middle schools are within walking distance. Brick and wood siding, a garage, and public water and sewer service are among its existing features.
Key Highlights
- Two residences, each with five bedrooms
- 3,459 square feet on a 0.1928‑acre lot
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,193
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,860
$683.9K
Cap Rate 7%
$488,471
$488.5K
Cap Rate 9%
$379,922
$379.9K
Market Conditions
NOI Build-Up for 3,459 SF
Gross rent
$66.0K $19.08/SF
− Vacancy
−$3.8K −$1.11/SF
EGI
$62.2K $17.97/SF
− OpEx
−$28.0K −$8.09/SF
NOI
$34.2K $9.89/SF
Area
Cuyahoga County, OH
Vacancy
5.80%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,860
Cap Rate 7%
$488,471
Cap Rate 9%
$379,922
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.3K
NOI $36,675 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$488.5K
$427.4K – $569.9K
NOI $34,193 @ 7.0% cap · market cap 8.86%
Theoretical Best
Warehouse
$2.77M
$2.43M – $3.23M
NOI $194,005 @ 7.0% cap · market cap 50.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Both residences are vacant, with recent interior painting and a newly installed driveway.
Where is this duplex located?
The property is located at 2580 Colchester Road Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $386,000.
What are key features of this property?
This property features: Two residences, each with five bedrooms; 3,459 square feet on a 0.1928‑acre lot; Built in 1920
