881 Eddy Rd Cleveland, OH 44108
Forest Hills NeighborhoodEstimated payment $1,383/month
About This Home
High-upside investment opportunity in this 9-unit multifamily building at 881 Eddy Rd, minutes from University Circle, major medical campuses, and downtown Cleveland. With seven large 1-bedroom units and two 2-bedroom units, the property offers an attractive unit mix positioned for strong rental demand in one of Cleveland’s fastest-growing areas. The building needs full renovation, making it an ideal value-add project with significant room to increase rents, improve NOI, and boost long-term equity. With strategic upgrades and smart repositioning, this asset has the potential to deliver standout returns and durable cash flow. Also see listing #5189113 under commercial apartment.
Listing Agent
Howard Hanna Brokerage Email: davidsturgeon@howardhanna.com, 216-375-4486 License #2009000358 Listed on: 03/06/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 5,001 Sq Ft Lot
- Chain Link Fence
Home Design
- Fixer Upper
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 7,641 Sq Ft Home
- 3-Story Property
- Unfinished Basement
- Partial Basement
Parking
- Driveway
- Paved Parking
- On-Street Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- Forest Hill Pkwy Subdivision
Listing and Financial Details
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 110-11-050
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,682 | $103,495 | $1,750 | $101,745 |
| 2023 | $13,092 | $94,680 | $1,960 | $92,720 |
| 2022 | $7,628 | $76,475 | $1,960 | $74,515 |
| 2021 | $7,650 | $76,480 | $1,960 | $74,520 |
| 2020 | $3,740 | $35,980 | $1,750 | $34,230 |
| 2019 | $3,521 | $102,800 | $5,000 | $97,800 |
| 2018 | $3,362 | $35,980 | $1,750 | $34,230 |
| 2017 | $3,282 | $32,310 | $4,940 | $27,370 |
| 2016 | $3,283 | $32,310 | $4,940 | $27,370 |
| 2015 | $3,476 | $32,310 | $4,940 | $27,370 |
| 2014 | $3,476 | $34,370 | $5,250 | $29,120 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/06/2026 03/06/26 | For Sale | $225,000 | -- | $29 / Sq Ft |
Source: MLS Now (Howard Hanna)
MLS Number: 5191564
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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Ask me questions while you tour the home.