Sign up to get new listings emailed daily! JOIN SIGN IN
Tracy Marciano
REALTOR®
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo
3589 Cedarbrook Road, Cleveland Heights, OH 44118 Photo

50 Total Photos [Click to View All]

3589 Cedarbrook Road Cleveland Heights, OH 44118
$1,840,000
Active / MLS# 5201607 / Commercial - Business / Cleveland Heights
0 Beds

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 $1,840,000 against an aggregate individual-unit comp value of $2.3M to $2.4M. That is roughly $464,000 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 $182,100 annually after recent increases, against market rent of $215,100. That is roughly 18% 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: $1,840,000 ask / $184,000 per door / 6.4% current cap / 7.4% proforma cap / $117k+ current NOI / $135k+ proforma NOI / 100% occupancy / $182,100 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.

Read More » Read Less »

Property Details

Property Type: Commercial - Business
Basement: Yes
Basement: Full, Unfinished
Heating: Gas, Radiator(s)
Lot Size: 0.12 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $48,152 / year
Year Built: 1930

Feature Descriptions

Days on Site: 2
Fencing: Chain Link, Other, Wood
Parcel#: 722-02-112
Sewer: Public Sewer
Water: Public

Schools

School District: Cleveland Hts-Univer - 1810

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687

Shown By

Agent Name: Tracy Marciano
Agent Phone: (330) 717-1342
Agency Title: Burgan Real Estate

IDX logo

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 04/18/2026. The listing information on this page last changed on 04/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/18/2026 6:11:11 AM EST) or West Penn MLS (last updated Fri 04/17/2026 11:28:27 PM EST) or MLS NOW (last updated Fri 04/17/2026 2:56:36 PM EST). Real estate listings held by brokerage firms other than Burgan Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
IDX logo
© MLS Now, INC - Northern Ohio Regional Multiple
Listing data compilation and photo(s) © 2026 - Multiple Listing Service, Inc. – All Rights Reserved
The photos may be altered, edited, enhanced or virtually staged.

Privacy Policy / DMCA Notice / ADA Accessibility

Agency License Information: Burgan Real Estate, Ltd. Youngstown, OH


Login to My Homefinder

Get Pre-Approved!

Get Pre-Approved

Pixel