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.
Closed
$120,000
881 Eddy Rd, Cleveland, OH 44108
11beds
9baths
7,641sqft
Quadruplex, Multi Family
Built in 1925
-- sqft lot
$120,800 Zestimate®
$16/sqft
$715 Estimated rent
Home value
$120,800
$112,000 - $130,000
$715/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
David L Sturgeon 216-375-4486 davidsturgeon@howardhanna.com,
Howard Hanna
Bought with:
Robert Ross, 2020008275
Russell Real Estate Services
Source: MLS Now,MLS#: 5191564Originating MLS: Akron Cleveland Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 9
Heating
- Forced Air, Gas
Cooling
- None
Features
- Basement: Partial,Unfinished
Interior area
- Total structure area: 7,641
- Total interior livable area: 7,641 sqft
- Finished area above ground: 7,641
Property
Parking
- Parking features: Driveway, Paved, On Street
Features
- Levels: Three Or More
- Stories: 3
- Fencing: Chain Link
Lot
- Size: 5,000 Square Feet
Details
- Parcel number: 11011050
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Roof: Flat
Condition
- Fixer
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Forest Hill Pkwy
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $16/sqft
- Annual tax amount: $10,706
- Date on market: 3/6/2026
- Cumulative days on market: 63 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Owner May Carry
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Sold | $120,000-39.7%$16/sqft |
Source: MLS Now #5191564 Report a problem | ||
| 5/8/2026 | Pending sale | $199,000$26/sqft |
Source: MLS Now #5191564 Report a problem | ||
| 4/2/2026 | Contingent | $199,000$26/sqft |
Source: MLS Now #5191564 Report a problem | ||
| 3/25/2026 | Price change | $199,000-11.6%$26/sqft |
Source: MLS Now #5191564 Report a problem | ||
| 3/6/2026 | Listed for sale | $225,000-41.6%$29/sqft |
Source: MLS Now #5191564 Report a problem | ||
| 5/17/2022 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 4/14/2022 | Price change | $385,000+2.7%$50/sqft |
Source: RE/MAX International #4340214 Report a problem | ||
| 2/11/2022 | Pending sale | $375,000$49/sqft |
Source: RE/MAX International #4340214 Report a problem | ||
| 12/29/2021 | Listed for sale | $375,000$49/sqft |
Source: RE/MAX International #4340214 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Forest Hills
Nearby homes
- $--1 bd1 ba-- sqft881 Eddy Rd #3, Cleveland, OH 44108Off Market
- $152,0006 bd2 ba2.4k sqft885 Eddy Rd, Cleveland, OH 44108Sold
- $--4 bd1 ba1.2k sqft885 Eddy Rd #2, Cleveland, OH 44108Off Market
- $50,4001 bd1 ba2.7k sqft877 Eddy Rd, Cleveland, OH 44108Off Market
- $--1 bd1 ba-- sqft877 Eddy Rd FLOOR 3, Cleveland, OH 44108Off Market
- $---- bd-- ba-- sqft887 Eddy Rd, Cleveland, OH 44108Off Market
- $--2 bd1 ba1.3k sqft879 Eddy Rd FLOOR 1, Cleveland, OH 44108Off Market
- $117,0003 bd1 ba3.3k sqft891 Eddy Rd, Cleveland, OH 44108Sold
Nearby schools
GreatSchools rating
- 3/10Stephanie Tubbs Jones SchoolGrades: PK-8Distance: 0.3 mi
- 3/10Glenville High SchoolGrades: 2,8-12Distance: 0.6 mi
- 4/10Franklin D. Roosevelt SchoolGrades: PK-8Distance: 0.6 mi
Schools provided by the listing agent
- District: Cleveland Municipal - 1809
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$120,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$120,800
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