Fully Occupied Forest Hills
For Sale
Contact for pricing
Pending
630 Eddy Road, Cleveland, OH 44108
Five-unit apartment building in Forest Hills generating $4,879/month.
Property Size3,232 SF
Days on Market168
Property Features for 630 Eddy Road
General Information
Standard status
Pending
Size
3,232 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Forest Hills
Building Details
Year Built
1918
Listing Agency:
Amherst-Russell Real Estate Services
Listed By:
Hamzah Najar · License #OH 2019007599
(216) 406-3186
Source:
Crexi
Added: May 12
Changed: Oct 25
Last Checked: Oct 24 at 1:45PM
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 Amherst-Russell Real Estate Services
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Investment Insights
Based on property information with market context.
This is a fully occupied five-unit apartment building located in the Forest Hills neighborhood. Each of the five units includes two bedrooms and one bathroom. The property generates $4,879 per month in gross rental income. Tenants are responsible for gas and electric, which helps minimize owner expenses. Recent improvements include newer HVAC systems, updated flooring, plumbing, bathrooms, kitchens, windows, roof, and landscaping. One unit was recently fully remodeled. The property is located near local parks, shopping, dining, public transportation, and major freeway access, providing access to Downtown Cleveland and surrounding employment centers. The Forest Hills area offers a rental market with walkability to neighborhood amenities and nearby retail conveniences, supporting long-term tenant demand. The property size is 3,232 square feet.
Key Highlights
- Fully occupied 5‑unit building generating $4,879/month gross rental income.
- Turnkey, low‑maintenance investment due to recent renovations including HVAC, flooring, plumbing, bathrooms, kitchens, windows, and roof.
- Consistent unit mix: all units have 2 bedrooms and 1 bathroom.
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Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
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Business Placement
Demographics for 44108, OH
20,005
Population
11,798
Households
1.7
Avg Household Size
41
Median Age
16%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,446
Density / Sq Mi
$32,530
Median Household Income
$29,040
Median Earnings
$910
Median Rent
$62,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building in Forest Hills generating $4,879/month.
Where is this apartment building located?
The property is located at 630 Eddy Road Cleveland, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Fully occupied 5‑unit building generating $4,879/month gross rental income.; Turnkey, low‑maintenance investment due to recent renovations including HVAC, flooring, plumbing, bathrooms, kitchens, windows, and roof.; Consistent unit mix: all units have 2 bedrooms and 1 bathroom.
