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3371 Beechwood Avenue, 
Cleveland Heights, OH 44118

$270,000


9

Beds


3

Baths


3,768

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Alex V Johnson

Real Estate Quest, Inc.

440-389-3883

Last updated:

March 20, 2026, 10:11 AM

MLS#

5194790

Source:

OH NORMLS

About This Home

3371 Beechwood Avenue

Triplex investment opportunity in the heart of Cleveland Heights! Located at 3371 Beechwood Avenue, this recently renovated multi-family property offers immediate income with additional upside for savvy investors. Currently 2/3 occupied with long-term tenants, the property provides stable cash flow from day one, with the opportunity to increase returns. The fully renovated first-floor unit is vacant and actively marketed at $1,400/month, positioning the asset to generate over $3,000/month once fully leased. This opportunity is projected at an attractive **~7.6% pro forma cap rate** at a $270K purchase price, offering a compelling blend of in-place income and lease-up potential. Extensive recent updates reduce maintenance concerns and enhance tenant appeal, including freshly painted interiors, new carpeting, updated kitchen countertops, a newer section of the roof, brand-new HVAC systems, and updated plumbing throughout. Cleveland Heights is a proven rental market known for strong tenant demand, historic charm, and proximity to major employers, universities, and healthcare institutions. Its walkable neighborhoods and enduring appeal continue to support stable occupancy and long-term appreciation, making it one of Greater Cleveland’s most reliable submarkets for multi-family investment. Whether expanding a portfolio or entering the market, this property offers the ideal mix of cash flow, value-add potential, and long-term growth. Don’t miss the opportunity to secure a high-performing asset in one of Northeast Ohio’s most established investment corridors.

Home Facts

Multi-Family

3 Baths

9 Bedrooms

Built in 1920

Price Summary

270,000

$71 per Sq. Ft.

MLS #:

5194790

Last Updated:

March 20, 2026, 10:11 AM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

9

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

3,768 Sq. Ft.


Structure

Structure

Building Area:

3,768 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

6,751


Finances & Disclosures

Finances

Price:

$270,000

Price per Sq. Ft:

$71 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.