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Listed By
Agency Name: Howard Hanna
Agency Contact: davidsturgeon@howardhanna.com, 216-375-4486
Shown By
Agent Name: Anestis Kalagidis
Agent Phone: Cell: (614) 395-6377
Agency Title: Cutler Real Estate
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Property Description
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 #5191564 under residential income.
Property Features
Property Type: Commercial - Business
Basement: Partial, Unfinished
Basement: Yes
Cooling: None
Days on Market: 73
Heating: Forced Air, Gas
Lot Size: 0.11 Acres
Roof Type: Flat
Stories: 3.0
Taxes: $10,705 / year
Year Built: 1925
Feature Descriptions
Fencing: Chain Link
Parcel#: 110-11-050
Parking: Driveway, Paved, On Street
Sewer: Public Sewer
Units: 9
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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881 Eddy Road | MLS# 5189113
This commercial property located at 881 Eddy Road, Cleveland, OH 44108 is currently listed for sale with an asking price of $199,000. Eddy Road is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.neskalagidis.com today.