3371 Beechwood Ave

Off Market

3371 Beechwood Ave

Cleveland Heights OH 44118

3768 sq. ft.

0.16 ac.

Duplex

Last sold for $251,000

Alex Johnson, last sold this property on 04 June 2026 after 76 days on market.

Overview

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.

Features

9 bedrooms

3 bathrooms

3 carspaces

3 garage spaces

3768 sq. ft. floor area

0.16 ac. lot size

Duplex

Estimated Value

We need at least 3 similar 9 bedroom duplexes sold in Cleveland Heights over the last 12 months.

Property history for 3371 Beechwood Ave

2026

Sold

$251,000

04 Jun 2026 by Alex Johnson, of Real Estate Quest, Inc.

2022

Sold

$179,000

09 Dec 2022 by George Persiano, of Neighborhood Partners, LLC.

2019

Sold

$85,000

09 Dec 2019 by Michael Azzam, of REMAX Haven Realty | Solon

Happy sellers in Cleveland Heights

87%

87% of sellers in Cleveland Heights reported that their sale price either exceeded or met their price expectations.

Cleveland Heights stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Cleveland Heights over the last 12 months.

Local market activity for 9 bedroom duplexes in Cleveland Heights

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Cleveland Heights for a market analysis.

Jennifer Allen

at Keller Williams Greater Cleveland Northeast

(47 reviews)

Get a market analysis

Rebecca Nedelka

(83 reviews)

Get a market analysis

Pietra Foster

at Keller Williams Living

(17 reviews)

Get a market analysis

Dechella Woodruff

at Century 21 Premiere Properties, Inc.

(8 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cleveland Heights

Jennifer Allen

Jennifer Allen is a recommended agent for Cleveland Heights. They have 2 local sales and collected 2 local reviews across the last 12 months.

5 (47 reviews)
2 Reviews in Cleveland Heights
2 Sales in Cleveland Heights

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Rebecca Nedelka

Sellers who recommend Rebecca Nedelka have praised them for being local expert, responsive, clear communication, empathetic, attentive, friendly, and resourceful