Recently Renovated, Income-Producing Duplex – Excellent Investment Opportunity! Fantastic opportunity to own a beautifully updated, tenant-occupied duplex at 417 Arbor Rd in Cleveland! Priced at just $159,900, this spacious two-family property features 4 bedrooms, 2 bathrooms, and 2,016 sq. ft. of living space. This well-maintained property offers numerous recent upgrades, including a brand-new hot water tank, fresh interior paint, a new sink, updated flooring, bathroom improvements, and refreshed fixtures throughout. With tenants already in place, this duplex offers immediate rental income and is an excellent opportunity for investors looking to expand their portfolio with a recently improved property. Whether you're an experienced investor or purchasing your first rental property, this duplex offers a great combination of affordability, recent renovations, and income potential. Offered at $159,900! Cash and conventional financing offers welcome. Contact us today for more details or to schedule a private showing!
Forest Hills, located between East 93rd Street and East 105th Street, is a residential and park-adjacent Cleveland neighborhood with curving streets and a wooded, hillside feel. The neighborhood’s character concentrates around the Forest Hills Park entrances near East 93rd Street, where trailheads, ballfields, and open lawns set a weekend rhythm. Early-20th-century homes—brick colonials, Tudors, and sturdy doubles—line streets that rise and dip toward the park’s ravines. The Cleveland Metroparks’ Forest Hills Park reads as the local front yard, with long sightlines and room for pickup games. Nearby cultural anchors such as the Cleveland Museum of Art and Severance Music Center add a polished, citywide backdrop.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Construction
Built in 1952
HOA & community
Forest Hills subdivision
Electricity and solar
View estimated energy costs and solar savings for this home
This updated two-family home is an excellent income-producing property, fully occupied and generating $1,903 per month. The upstairs 2-bed/1-bath unit has been completely renovated with fresh paint, new flooring and carpeting, reglazed finishes, and a modernized bathroom. Section 8 tenant currently pays $1,078/month. The downstairs 2-bed/1-bath unit is also updated with new fixtures, added living room lighting, new carpeting, a freshly painted basement, and repainted porches. Current rent is $825/month. With reliable tenants already in place, full occupancy, and Section 8 approval, this property offers consistent cash flow, low-maintenance updates, and strong long-term potential. No showings will be scheduled until an offer is accepted.
MLSNOW #5095828
May 16, 2025
Sold
$75,000
$37/sq ft
Apr 30, 2025
Pending
—
Mar 6, 2025
Price Changed
$86,000
$43/sq ft
Jan 22, 2025
Listed
$90,000
$45/sq ft
+29
Investors - this is your chance to add a half occupied duplex to your portfolio. The flexibility offered here is great - you can place your own tenant upstairs and start collecting cash right away due the occupancy of the lower tenant. You could also live in one unit and continue to rent out the other for added versatility. The lower tenant pays $500/month on a month to month term. The upper unit was recently vacated and is ready to clean and place tenants! Don't miss out and schedule a showing now!
MLSNOW #5008062
Mar 4, 2024
Sold
$80,000
$40/sq ft
Jan 16, 2024
Pending
—
Dec 21, 2023
Listed
$82,500
$41/sq ft
Public Records
Apr 8, 2022
Sold
$46,000
$23/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,078
$3,190 + $12,920
$16,110
2024
$1,077 (−29.7%)
$3,190 + $12,920
$16,110
2023
$1,532 (+82.5%)
$1,890 + $9,000
$10,890
2022
$839 (+0.9%)
$1,890 + $9,000
$10,890
2021
$832 (+5.4%)
$1,890 + $9,000
$10,890
2020
$789 (+8.0%)
$1,540 + $7,390
$8,930
2019
$731 (+0.3%)
$1,540 + $7,390
$8,930
2018
$728 (−43.6%)
$1,540 + $7,390
$8,930
2017
$1,290 (+0.8%)
$2,660 + $12,600
$15,260
2016
$1,280
$2,660 + $12,600
$15,260
2015
$1,279 (−9.8%)
$2,660 + $12,600
$15,260
2014
$1,418
$2,940 + $14,000
$16,940
Public record
Public record
Permits
Beds
4
Baths
2
Stories
2
Lot width
40 ft.
Lot depth
100 ft.
Lot size
4,000 Sq. Ft.
Year renovated
1952
Finished Sq. Ft.
2,016
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,016
Year built
1929
Style
Multi-Family (2-4 Unit)
County
Cuyahoga County
APN
11118055
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 12, 2026.
Feb 10, 2016 • Final
Res electrical
Remove existing fuse boxes and upgrade the electrical service to a one hundred amp system.
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.
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
3/10 Heat Factor
7 days above 95° expected this year, 17 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, OH • 44108
Average low and high temperatures (°F)
30
19
36
23
52
35
60
44
64
52
76
64
81
70
77
65
73
59
65
51
51
41
39
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 20% for direct sun exposure in Cleveland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 417 Arbor Rd
$155,862
$4,038 under list price of $160K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $75K to $175K.