High-upside investment opportunity in this 9-unit multifamily building at 881 Eddy Rd, minutes from University Circle, major medical campuses, and downtown Cleveland. With seven large 1-bedroom units and two 2-bedroom units, the property offers an attractive unit mix positioned for strong rental demand in one of Cleveland’s fastest-growing areas. The building needs full renovation, making it an ideal value-add project with significant room to increase rents, improve NOI, and boost long-term equity. With strategic upgrades and smart repositioning, this asset has the potential to deliver standout returns and durable cash flow. Also see listing #5189113 under commercial apartment.
Perform a plumbing inspection for burst pipes in the kitchen.
Kitchen
Plumbing
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
Parking
Parking
Features: Driveway, Paved, On Street
Interior
Virtual Tour
Room Information
Has Basement
Basement Information: Partial, Unfinished
Multi Unit Information
# Of Buildings: 1
Unit Type 1
One Bedroom
Unit Description: Unit 7 - maintenance suite - rear of building
# of Bedrooms: 1
# of Bathrooms Total: 1
Unit Type 2
One Bedroom
Unit Description: Units 1 thru 6 - front of building
# of Bedrooms: 6
# of Bathrooms Total: 6
Unit Type 3
Two Bedroom
Unit Description: Unit 9 - rear of building
# of Bedrooms: 2
# of Bathrooms Total: 1
Unit Type 4
Two Bedroom
Unit Description: Unit 8 - rear of building
# of Bedrooms: 2
# of Bathrooms Total: 1
Exterior
Building Information
Stories: 3
Stories (Total): 3
Year Built Source: Public Records
Roof Details: Flat
Construction Details: Brick
Exterior Features
Fencing: Chain Link
Lot Information
Lot Size Area: 0.1148
Lot Size Acres: 0.1148
Lot Size Source: Assessor
Property Information
Above Grade Finished Area: 7,641
Above Grade Finished Area Source: Public Records
Fixer
Financial
Tax Information
Annual Tax Amount: $10,706
Tax Year: 2025
Rental Information
Owner Pays: Sewer, Trash Collection, Water
Tenant Pays: Electricity, Gas
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Heating
Heating: Forced Air, Gas
Public facts
Beds: —
Baths: 9.0
Sq. Ft.: 8,049
Stories: 3.0
Lot Size: 5,000 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1925
Year Renovated: 1975
County: Cuyahoga County
APN: 11011050
Home facts updated by county records on Aug 24, 2026
Around this home
Schools
Stephanie Tubbs Jones School
Public PreK-8 • Assigned • 0.3mi
3/10
Glenville High School
Public 2-12 • Assigned • 0.6mi
3/10
Collinwood High School
Public 9-12 • Assigned • 1.9mi
2/10
Provided by GreatSchools
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
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
84/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.