Searching ...

This is a portfolio built for the investor who understands that the best deals are bought, not found. Ten single-family homes across three of the strongest inner-ring east-side suburbs, priced as a package at $1,740,000 against an aggregate individual-unit comp value of $2.3M to $2.4M. That is roughly $560,000 of instant equity sitting on the closing table, plus the optionality to piece the portfolio off one house at a time as leases turn. Entry and location are the play. Cash flow is the bonus. The portfolio is 7 homes in Cleveland Heights, 1 in University Heights, and 2 in Richmond Heights, all 3BR/1.5BA or 4BR/1.5BA. Most have been renovated and are occupied by long-term tenants, with 8 of 10 on leases running through mid-2026 into 2027 and 2 on month-to-month. Current gross rent is $183,300 annually after recent increases, against market rent of $218,700. That is roughly 19% organic upside as leases roll, with zero vacancy today. Location is what makes this portfolio different from a scattered-site buy. Cleveland Heights gives you Cedar-Lee, Coventry, and a school district that trades to owner-occupants at full retail. University Heights sits on the John Carroll and Cedar Center corridor. Richmond Heights benefits from Town Square redevelopment and I-271 access. These are retail-grade zip codes, which is the entire reason the sell-off strategy works. You are not trying to wholesale out of rough areas. You are unwinding into a market that actively bids for your product. The numbers: $1,740,000 ask / $174,000 per door / 6.9% current cap / 7.8% proforma cap / $119,544 current NOI / $135,743 proforma NOI / 100% occupancy / $183,300 in-place gross rent / $218,700 market rent. Point of sale has been ordered. Inspections are scheduled over the next week. Please note: No Seller Financing available.

  • Year Built
    1930
  • Stories
    3.0
  • Heating
    Natural Gas, Radiant
  • Basement
    Full, Unfinished

  • Acres
    0.12
  • Water
    Public


Ask a Question

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 3589 Cedarbrook Rd?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 3589 Cedarbrook Rd.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 3589 Cedarbrook Rd?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,740,000. We can talk through recent upgrades, potential seller motivation, how this apartment compares to others in University Heights, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 3589 Cedarbrook Rd?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 3589 Cedarbrook Rd at around $13,915. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 3589 Cedarbrook Rd?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Cuyahoga County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 3589 Cedarbrook Rd?

In most cases, yes. Whether 3589 Cedarbrook Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in University Heights's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 3589 Cedarbrook Rd?

We can handle that for you. Our preferred local agent specializes in commercial sales in University Heights and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

3589 Cedarbrook Rd was listed on April 16, 2026, which means it's been on the market for 209 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1930, making it approximately 96 years old.

What is the lot size of this property?

3589 Cedarbrook Rd sits on a 0.12-acre lot, which is 5,227 square feet.

What are the property taxes for 3589 Cedarbrook Rd?

The most recent public record shows annual property taxes for 3589 Cedarbrook Rd were approximately $48,152. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 3589 Cedarbrook Rd still available for sale?

This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.

Source: ez Home Search, MLS Data

Popular Home Searches in University Heights, OH


Search Nearby Cities


Search Nearby Counties


Search Nearby Postal Codes

Listing information provided exclusively 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. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS Now. All rights reserved.

Last Updated: November 11, 2026 at 04:33AM | Source: MLS Now | MLS#: 5201607