OH
Cuyahoga
Cleveland Heights
44118
1683 Colonial Drive
1683 Colonial Drive, Cleveland Heights, OH 44118
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Listing Type
Multi Family
Listing Status
active
50
$345,000

Home Details for 1683 Colonial Drive

Price
$345,000
Type
Residential Income
Bedrooms
7
Bathrooms
3.0
Square feet
2799
Year built
1912
Lot size acres
0.11
County
Cuyahoga
Garage
2
Basement
Full
Days on site
26
MLS Listing#
5168272
Property Description

Investor’s dream meets house-hacker’s paradise! This fully updated three-unit gem is just minutes from the vibrant Coventry Village, offering both strong returns and endless flexibility. The first-floor unit is a spacious 3-bed, 1-bath leased for $1,500/month, while the freshly vacated second-floor 3-bed, 1-bath (previously rented at $1,800/month) is move-in ready, perfect for an owner-occupant to live in comfort while your tenants pay the mortgage. The third unit, a charming 1-bed, 1-bath Airbnb/midterm rental, averages $1,500/month, giving you multiple income streams and short-term rental upside. Once fully occupied, enjoy an impressive 10%+ cap rate and nearly 15% cash-on-cash return, a true turnkey opportunity whether you’re adding to your portfolio or diving into your first investment. With modern updates, central air, reliable income, and unbeatable proximity to shops, dining, and nightlife, this property delivers financial freedom and lifestyle flexibility in one rare package. *Note - County auditor website states that there are 4 bedrooms and 2 bathrooms but the owner states that there are 7 bedrooms and 3 bathrooms.

Property Features
  • Parking
    • Detached
    • Garage
    • On Site
    • Paved
  • Cooling Information
    • None
    • Central Air
  • Heating Information
    • Forced Air
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: Russell Real Estate Services - 440-201-9850
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information provided courtesy of the Northern Ohio Regional Multiple Listing Service.
Last Updated: 2025-11-19 14:00:54
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Median Listing Price
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Median Square Feet
Market statistics compiled from data from YES MLS.
EXIT RIVERBEND REALTY
220 Main St, Belpre, OH 45714
Jim Richards
CA BRE: #: WVS180300267
License #: sal.2019007897
Sales Representative
Office
740 860 3555
Agent
304 210 7379
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