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Renovated Short-Term Rental with Elevator
For Sale
$1,695,000

58 W Orange St, Chagrin Falls, OH 44022

Configured for short-term rental use with multiple living areas, outdoor spaces, and convenient access to downtown amenities.

Property Size3,785 SF
Lot Size0.41 Acres
Price / SF$447.82
Days on Market12

Property Features for 58 W Orange St

General Information

Standard status Active
Size 3,785 SF
Elevators Yes
Lot size 0.41 Acres
Property subtype Multi-Family

Building Details

Year Built 1975
Listing Agency: Engel & Völkers Distinct
Listed By: Adam T Zimmerman
Source: Theacclaimedrealty
Added: Sep 12 Changed: Sep 18 Last Checked: Sep 22 at 10:34PM

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 Engel & Völkers Distinct

Investment Insights

Based on property information with market context.

This extensively renovated short-term rental property offers 3,785 square feet of flexible living space on over .41 of an acre. The main level includes an open gathering area, family room with stone fireplace, dining space with built-in bar, updated eat-in kitchen, guest bedroom, full bath, and sitting room with patio access. A vaulted owner’s suite occupies the third level alongside two additional bedrooms, laundry, a walk-in closet, and spa-style bath. The lower level provides a separate-entry suite with living area, kitchen, bedroom, and full bath.

An elevator serves the home. Exterior features include a deck, two balconies, two stone patios, wooded views, and views toward downtown. Parking includes a 4-car tandem garage and driveway capacity for up to 9 vehicles. The property is near downtown shopping, restaurants, Riverside Park, and the waterfalls, and is within the Chagrin Falls School District. New piping from the home to the sewer was completed in 2024, and kitchen appliances plus the washer and dryer are included.

Key Highlights

  • Short‑term rental configuration with 3,785 SF of living space
  • Over .41 of an acre with downtown and wooded views
  • 4‑car tandem garage plus driveway parking for up to 9 vehicles

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Auto Parts Store Electrical Service HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

782
Businesses Nearby

Demographics for 44022, OH

17,150
Population
7,228
Households
2.4
Avg Household Size
48
Median Age
73%
College-Educated
99%
High-School Grad
30.2 sq mi
ZIP Area
568
Density / Sq Mi
$152,213
Median Household Income
$72,935
Median Earnings
$1,446
Median Rent
$469,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - Configured for short-term rental use with multiple living areas, outdoor spaces, and convenient access to downtown amenities.
Where is this short term rental property located?
The property is located at 58 W Orange St Chagrin Falls, OH.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Short‑term rental configuration with 3,785 SF of living space; Over .41 of an acre with downtown and wooded views; 4‑car tandem garage plus driveway parking for up to 9 vehicles
More about this property
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