INVESTOR OPPORTUNITY! 4-bedroom, 1-bath home located near the Bratenahl neighborhood, offering strong value-add potential. The roof has already been fixed, leaving the remaining scope focused primarily on interior updates and cosmetic improvements. This property features a simple layout, a nice yard, and the opportunity to add value through paint, flooring, kitchen/bath updates, and general interior cleanup. With the major roof item already addressed, this could be a solid option for investors, flippers, or buyers looking for a manageable project. With the right updates and vision, this home has the potential to become a comfortable residence or a valuable investment property.
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
Market insights
508 Eddy Rd · $49,000
DAYS ON MARKET
89 days
The average home goes pending in 17 days.
SALE-TO-LIST
100.8%
Most homes are selling 1% above list price.
LIST PRICE
$49,000
Median list price in this area is $245,000. (400% higher than this home)
PRICE DROP
1 price drop
22% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Full basement
7 total rooms
Under construction (property condition)
Bedrooms
Three bedrooms on the second level
Bathrooms
One full bathroom (second level)
Kitchen
Kitchen on the first level
Flooring
Ceramic tile in bathroom
Heating & cooling
Forced air heating
Exterior features
Front porch
Home design
2-story home
Frame construction
Asphalt roof
Parking
Driveway
Construction
Frame construction
Asphalt roof
Built (year per assessor)
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Great investment opportunity. Close to transportation, stores, highways, and downtown. house has a finished 3rd floor that would make a great office/playroom or another bedroom. For Faster negotiations log into Listing Agents website & click on Submit a Bid to post offer summary.
MLSNOW #2345533
Mar 21, 2007
Sold
$33,000
$21/sq ft
Jan 12, 2007
Listed
$33,000
$21/sq ft
MLSNOW #2267632
Aug 31, 2006
Listing Removed
—
Feb 6, 2006
Listed
$75,000
$48/sq ft
Public Records
Apr 20, 1998
Sold
$62,500
$40/sq ft
MLSNOW #889608
Mar 31, 1998
Listing Removed
—
Oct 22, 1997
Listed
$64,900
$41/sq ft
MLSNOW #874579
Oct 3, 1997
Listing Removed
—
Jul 3, 1997
Listed
$69,900
$45/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$890
$2,870 + $10,430
$13,300
2024
$889 (+7.4%)
$2,870 + $10,430
$13,300
2023
$828 (−25.1%)
$1,790 + $8,890
$10,680
2022
$1,106 (+35.6%)
$1,790 + $8,890
$10,680
2021
$816 (−22.7%)
$1,790 + $8,890
$10,680
2020
$1,056 (+47.5%)
$1,470 + $7,280
$8,750
2019
$716 (+0.3%)
$1,470 + $7,280
$8,750
2018
$714 (+234.9%)
$1,470 + $7,280
$8,750
2017
$213 (+1.0%)
$2,380 + $140
$2,520
2016
$211
$2,380 + $140
$2,520
2015
$211 (−82.9%)
$2,380 + $140
$2,520
2014
$1,237
$2,840 + $11,940
$14,780
Public record
Public record
Permits
Beds
4
Baths
1
Stories
2
Lot width
40 ft.
Lot depth
100 ft.
Lot size
4,000 Sq. Ft.
Year renovated
1952
Finished Sq. Ft.
1,565
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,565
Year built
1916
Style
Single Family Residential
County
Cuyahoga County
APN
11105024
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 24, 2026.
Feb 7, 2025 • Final
Res electrical
Inspect the meter base and electrical service panel. Upgrade the electrical box.
Electrical
Electric meter
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 94° 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
82
70
77
65
74
61
65
51
51
41
39
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 508 Eddy Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $50,000 and $140,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $50K to $140K.