Cleveland Heights Triplex Investment
3371 Beechwood Avenue, Cleveland Heights, OH 44118
- Added:
- Mar 19, 2026
- Days on Market:
- 58
- Last Refresh:
- May 15 at 2:06 pm
Property Features for 3371 Beechwood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 6, Basement, Bedroom 7, Bedroom 2, Bedroom 9, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Laundry Room, Bedroom 1, Bedroom 8
- Standard status
- Pending
- APN
- 684-28-016
- Size
- 3,768 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 15 MINORHTS LD 0208 EP
- Tax Annual Amount
- 6260
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Building materials
- VinylSiding
- Roof type
- Fiberglass, Asphalt
Listing agent Alex V Johnson License #2007002717 (440) 724-5116
Listing office Real Estate Quest, Inc. 6685 Royalton Rd., Parma Hts., OH (440) 389-3883
Listing date Mar 19, 2026
MLS# 5194790
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.
HighLights
- ~7.6% Pro Forma Cap Rate: Attractive investment opportunity.
- Immediate Income with Upside: 2/3 occupied with long‑term tenants, plus a vacant, renovated unit actively marketed.
- Recent Extensive Renovations: Includes new HVAC systems, updated plumbing, freshly painted interiors, new carpeting, and updated kitchen countertops.
- Prime Cleveland Heights Location: Strong rental market with high tenant demand.
- Stable Cash Flow and Appreciation Potential: Proven rental market supports stable occupancy and long‑term appreciation.
- Reduced Maintenance Concerns: Recent updates minimize maintenance needs.
Overview
Located in Cleveland Heights, this triplex presents an investment opportunity. The multi-family property at 3371 Beechwood Avenue has been recently renovated and offers immediate income with additional upside. Currently, two of the three units are occupied with long-term tenants, providing stable cash flow. The fully renovated first-floor unit is vacant and actively marketed at $1,400 per month. Once fully leased, the property is positioned to generate over $3,000 per month. The property is projected at an attractive ~7.6% pro forma cap rate at a $270,000 purchase price. Recent updates include freshly painted interiors, new carpeting, updated kitchen countertops, a newer section of the roof, brand-new HVAC systems, and updated plumbing throughout. The property is situated on a lot of 0.155 acres and has a property size of 3768 square feet. Cleveland Heights is a rental market known for tenant demand and proximity to major employers, universities, and healthcare institutions. The property offers a mix of cash flow, value-add potential, and long-term growth.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Map
- City
- Cleveland Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5563
- Latitude
- 41.502
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Recently renovated triplex in Cleveland Heights with income and upside.
Where is this triplex located?
The property is located at 3371 Beechwood Avenue Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: ~7.6% Pro Forma Cap Rate: Attractive investment opportunity.; Immediate Income with Upside: 2/3 occupied with long‑term tenants, plus a vacant, renovated unit actively marketed.; Recent Extensive Renovations: Includes new HVAC systems, updated plumbing, freshly painted interiors, new carpeting, and updated kitchen countertops.
