3156 E Derbyshire Rd

Cleveland Heights OH 44118

2594 sq. ft.

0.17 ac.

Single-Family

Currently for sale - view listing

Overview

Stunning Renovated Duplex in the Heart of Cleveland Heights! Welcome to 3156 E Derbyshire Rd, a turnkey 3,200+ sq ft side-by-side duplex just minutes from the vibrant Cedar-Lee District. Each unit offers 4 spacious bedrooms, 1.5 updated bathrooms, and 3 levels of finished living space, perfect for multi-generational living, house hacking, or long-term investment. This fully updated property features brand-new kitchens and baths, new vinyl and carpet flooring, central air, updated electrical, and a newer roof with fresh gutters (2023) delivering low-maintenance ownership from day one. Perfect for investors OR owner-occupants looking to house-hack live in one side and rent out the other Investors will appreciate the reliable cash flow and 5%+ cap rate with built-in upside. Owner-occupants will love the spacious layout, modern updates, and walkable location near parks, cafes, and shopping. The property also includes off-street parking, charming front porches, and sits on a quiet, tree-lined street. Don't miss this rare, high-income duplex opportunity with flexibility, location, and future growth potential all in one. Current rental income is $2,100/month per unit, for a total of $4,200/month, with room to increase to $2,300-$2,500/month based on condition and local comps.