Sold
Last Sold Price
11 beds9 baths7,641 sqft$16/sqft
881 Eddy Road, Cleveland, OH 44108
Multi FamilyProperty Type
5,000 sq ftLot Size
1925Year Built
$16/sq ftPrice per sq ft

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....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 closed: 06/02/2026 12:00 AM • Source: MLS Now, MLS#: 5191564

Location

Listing Courtesy of Howard Hanna

Sold By Russell Real Estate Services

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$1,502 per month

30 year fixed, 6.55% Interest

Principal and Interest

$610

Property Taxes

$892

HOA Dues

$0

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Property Information for 881 Eddy Road

Property Details
  • Taxes: $10,706 / year
  • MLS Type: Residential Income / Quadruplex
  • Subdivision Name: Forest Hill Pkwy
  • Has Waterfront: No
Building Information
  • Stories: 3
  • Year Built: 1925
  • Lot Size: 0.11 AC / 5,000 SF
Summary
Location and General Information
  • Directions: On Eddy Road south of Arlington
  • Latitude: 41.533458
  • Longitude: -81.597655
  • Township: Cleveland
Taxes and HOA
  • Parcel Number: 110-11-050
  • Tax Annual Amount: $10,706.00
  • Tax Legal Description: 373 FORHILLPKY S/L 21 NP 0020 SP
  • Tax Year: 2025
School Information
  • Elementary School District: Cleveland Municipal - 1809
  • High School District: Cleveland Municipal - 1809
  • Middle or Junior School District: Cleveland Municipal - 1809
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: No
  • Parking Features: Driveway, Paved, On Street
Property
Lot Information
  • Lot Size Acres: 0.1148
  • Lot Size Area: 0.1148
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 7641.0
  • Above Grade Finished Area Source: Public Records
  • Living Area: 7641.0
  • Living Area Units: Square Feet
  • Property Condition: Fixer
  • Year Built: 1925
  • Year Built Source: Public Records
Building Features
  • Construction Materials: Brick
  • Levels: Three Or More
  • Number of Buildings: 1
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Partial, Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 0
  • Total Bedrooms: 0
  • Cooling: None
  • Has Cooling: No
  • Heating: Forced Air, Gas
  • Has Heating: Yes
  • Main Level Bathrooms: 0
Exterior Features
  • Fencing: Chain Link
  • Private Pool: No
  • Roof: Flat
  • Stories: 3
  • Total Stories: 3
Unit Information
Unit 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Description: Unit 7 - maintenance suite - rear of building
  • Leased: No
  • Occupant Type: Vacant
  • Type: One Bedroom
Unit 2
  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Description: Units 1 thru 6 - front of building
  • Leased: No
  • Occupant Type: Vacant
  • Type: One Bedroom
Unit 3
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Description: Unit 9 - rear of building
  • Leased: No
  • Occupant Type: Vacant
  • Type: Two Bedroom
Unit 4
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Description: Unit 8 - rear of building
  • Leased: No
  • Occupant Type: Vacant
  • Type: Two Bedroom
Rental
Rent Information
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas

Property History for 881 Eddy Road

DateEvent & SourcePriceAppreciation
Jun 2, 2026

Sold

MLS Now #5191564

$120,000
May 12, 2026

Sold (Public Record)

Public Record #1941403257

$120,000

-15.5% / yr

May 8, 2026

Contract Signed

MLS Now #5191564

DateEvent & SourcePrice
06/02/2026

Sold

MLS Now #5191564

$120,000
05/12/2026

Sold (Public Record)

Public Record #1941403257

$120,000

-15.5% / yr

05/08/2026

Contract Signed

MLS Now #5191564

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 881 Eddy Road

Taxable ValueLand$1,750Additions$101,745Total$103,495
Tax Record2025$10,724 ($894 / month)
Home Facts
Baths9Total Finished SqFt7,641 SqFtAbove Grade Finished SqFt7,641 SqFtStories3Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1925Year Renovated1975Zoning2FCountyCUYAHOGAAPN110-11-050

Schools near 881 Eddy Road

This home is within Cleveland Metropolitan School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 9
Public - PK to 8
Rating
School
Distance
Stephanie Tubbs Jones School
PublicPK to 8

Glenville High School
Public9 to 12

Franklin D. Roosevelt School
PublicPK to 9

Mary M Bethune School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Howard Hanna

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