Investors! Turnkey 2016 renovated 3 family home in Cleveland Hts across from Fairfax Elementary school. Renovated extensively inside & out with remodeled Kitchens, Baths, plus all new plumbing, lighting, electrical and the list goes on. Tenants pay all utilities including water, sewer and garbage. Laundry in basement has separated washer and dryers that are also on their own separate meters. Serious investors this is a double digit CAP rate buy and hold investment opportunity you won't want to miss!
Multi-familyProperty Type
1920Year Built
7,501 sq ftLot Size
$138Est. Price/Sq.Ft.
2 car garageParking
Listed by Amanda Pohlman• Keller Williams Greater Metropolitan
Bought with Amanda Pohlman• Keller Williams Greater Metropolitan
Source:MLSNOW #4050343
Redfin Estimate
$344,641
$93K since sold in July 2024$3,000 since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 4.9% higher than the average sale price ($329K) of 6 comparable homes.
Investors! Turnkey 2016 renovated 3 family home in Cleveland Hts across from Fairfax Elementary school. Renovated extensively inside & out with remodeled Kitchens, Baths, plus all new plumbing, lighting, electrical and the list goes on. Tenants pay all utilities including water, sewer and garbage. Laundry in basement has separated washer and dryers that are also on their own separate meters. Serious investors this is a double digit CAP rate buy and hold investment opportunity you won't want to miss!
MLSNOW #2450849
May 22, 2008
Sold
$35,000
$14/sq ft
Mar 28, 2008
Listed
$38,000
$15/sq ft
Large Three Unit Multi-family; Spacious Living And Dining Rooms In 1st And 2nd Floor Unit; Finished 3rd With Living Room, Kitchen, Bedroom And Bath; Full Basement; Convenient Location; Great Opportunity! Bank Owned, Selling As-is, Where-is; Seller Makes No Representations Or Warranties.
Public Records
Feb 17, 1983
Sold
$55,000
$22/sq ft
Public Records
Jul 1, 1977
Sold
$38,300
$15/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,553 (−2.0%)
$12,880 + $76,440
$89,320
2024
$7,711 (−6.8%)
$12,880 + $76,440
$89,320
2023
$8,270 (+0.5%)
$6,480 + $68,430
$74,910
2022
$8,229 (+2.0%)
$6,480 + $68,430
$74,910
2021
$8,067 (+103.4%)
$6,480 + $68,430
$74,910
2020
$3,967 (+5.7%)
$5,780 + $27,090
$32,870
2019
$3,753 (−11.5%)
$5,780 + $27,090
$32,870
2018
$4,241 (+315.3%)
$5,780 + $27,090
$32,870
2017
$1,021 (+0.2%)
$1,680 + $6,020
$7,700
2016
$1,019 (−77.5%)
$1,680 + $6,020
$7,700
2015
$4,526
$8,860 + $31,150
$40,010
Tax history for 2425 Lee Rd
Year
Property tax
Land + Additions
Assessment*
2025
$7,553 (−2.0%)
$12,880 + $76,440
$89,320
2024
$7,711 (−6.8%)
$12,880 + $76,440
$89,320
2023
$8,270 (+0.5%)
$6,480 + $68,430
$74,910
2022
$8,229 (+2.0%)
$6,480 + $68,430
$74,910
2021
$8,067 (+103.4%)
$6,480 + $68,430
$74,910
2020
$3,967 (+5.7%)
$5,780 + $27,090
$32,870
2019
$3,753 (−11.5%)
$5,780 + $27,090
$32,870
2018
$4,241 (+315.3%)
$5,780 + $27,090
$32,870
2017
$1,021 (+0.2%)
$1,680 + $6,020
$7,700
2016
$1,019 (−77.5%)
$1,680 + $6,020
$7,700
2015
$4,526
$8,860 + $31,150
$40,010
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
A
Single Family Residential District
Cleveland Heights is a City primarily consisting of single-family residences, most of which are owner-occupied. Single-family residences are extremely sensitive to adverse effects from other land uses and require high standards for occupancy and use of the principal building as well as location and use of accessory buildings if these areas are to be maintained and to continue to be good places in which to live. In addition, certain parts of Cleveland Heights have been developed primarily with two-family residences having a similar character to the single-family districts, and it is appropriate that there be a zoning district for this distinctive use. Single-family and two- family district regulations are established to achieve the following particular objectives: (a) The AA Single-Family District is established to provide for single-family residential uses with a minimum lot size of 15,000 square feet, compatible with the existing larger lot developments in areas so defined, as a means of preserving the unique character of these areas.;(b) The A Single-Family District is established to provide for single-family residential uses on smaller lots with a minimum of 7500 square feet.; (c) The B Two-Family District is established to permit single-family units on lots with a minimum of 7,500 square feet and two-family residential uses with a minimum lot size of 10000 square feet.; (d) To encourage as a conditional use flexible residential development to promote creative and efficient use of land through unified development.;(e) To regulate the location and lot coverage of accessory uses, buildings and structures so as to permit such uses to be established and maintained in a manner which makes them compatible with the existing residential neighborhoods.; (f) To encourage sustainable development and practices in residential neighborhoods.
Mar 21, 2025 • Active
Apron/driveway/sidewalk
Work on a partial sidewalk and partial driveway.
Grading
Apr 24, 2015 • Final
Migrated
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Sq. Ft: 1,235
Basement Finish: Unfinished
Bathroom Information
# of Full Baths: 3
# of Bathroom Fixtures: 10
Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Forced Air
Fireplace Information
# of Fireplaces: 1
Fireplace Type: 1 Story
Has Fireplace
Room Information
# of Rooms: 12
Exterior
Exterior Information
Physical Condition: Fair
Building Style Type: Colonial
Building Construction Quality: Above Average
Exterior Wall: Frame
Roof Shape Type: Gable
Property Information
Subdivision Name: SHAKER ALLOTMENT COS 01
Living Sq. Ft: 2,504
Adjusted Gross Sq. Ft: 2,504
Ground Floor Sq. Ft: 1,269
Building Sq. Ft: 3,739
# of Stories: 2
Stories Type: 2
Legal Description: 13 SHAKER#1 0051 WP
Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 360
Garage / Carport Type: Detached
Lot Information
# of Buildings: 1
Land Sq. Ft: 7,501
Legal Lot Number: 51
Acres: 0.1722
Depth Footage: 150
Front Footage: 50
County Use Description: TRIPLEX
State Use Description: TRIPLEX
Location Information
Parcel Location Influence: Traffic
Utility Information
Sewer Type: Public
Water Service Type: Public
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 2,504
Stories: 2.0
Lot Size: 7,501 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: 1952
County: Cuyahoga County
APN: 68711015
Home facts updated by county records on Sep 8, 2026
Around this home
Schools
Fairfax Elementary School
Public K-5 • Assigned • 0.1mi
6/10
Roxboro Middle School
Public 6-8 • Assigned • 1.3mi
6/10
Cleveland Heights High School
Public 9-12 • Assigned • 0.6mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Cleveland Heights, OH • 44118
Average low and high temperatures (°F)
28
16
36
22
54
34
63
43
66
50
79
63
84
68
79
62
76
56
65
48
50
38
38
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$328,000 – $397,000
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