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$345,000 Sale Pending
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Property Description
Investor's dream meets house-hacker's paradise! This fully updated three-unit gem is just minutes from the vibrant Coventry Village, offering both strong returns and endless flexibility. The first-floor unit is a spacious 3-bed, 1-bath leased for $1,500/month, while the freshly vacated second-floor 3-bed, 1-bath (previously rented at $1,800/month) is move-in ready, perfect for an owner-occupant to live in comfort while your tenants pay the mortgage. The third unit, a charming 1-bed, 1-bath Airbnb/midterm rental, averages $1,500/month, giving you multiple income streams and short-term rental upside. Once fully occupied, enjoy an impressive 10%+ cap rate and nearly 15% cash-on-cash return, a true turnkey opportunity whether you're adding to your portfolio or diving into your first investment. With modern updates, central air, reliable income, and unbeatable proximity to shops, dining, and nightlife, this property delivers financial freedom and lifestyle flexibility in one rare package. *Note - County auditor website states that there are 4 bedrooms and 2 bathrooms but the owner states that there are 7 bedrooms and 3 bathrooms. PROPERTY SOLD AS-IS WHERE IS.
Full Property Details
Full Property Details for 1683 Colonial Dr
General
- Price: $345,000
- Taxes: $9,662 (2024)
- Status: Pending
- Type: Triplex
- Source: 505
- MLS ID: 5168272
- Updated: 2/24/2026
- Added to Site: 141 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Detached, Garage, On Site, Paved
Location
- County: Cuyahoga
- Township: Cleveland Heights
- Subdivision: Minor Heights
- Driving Directions: South of Mayfield Rd
School Information
- Elem School District: Cleveland Hts-Univer - 1810
- Midd School District: Cleveland Hts-Univer - 1810
- High School District: Cleveland Hts-Univer - 1810
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air, None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Frame
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt, Shingle
- Square Feet: 2,799
- Living Area: 2,799 Sq. Ft.
- Finished Above Grnd: 2,799 Sq. Ft.
- Year Built: 1912
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.11
- Lot Size: .11
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $9,662
- Tax Year: 2024
- Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 15 MINOR HTS#1 0177 NP
- Property ID: 684-33-063
Listed by Russell Real Estate Services, Tal Tamir
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Schools
Schools serving 1683 Colonial Dr
School District:Cleveland Heights-University Heights City School District
| Name | Grades | Distance |
|---|---|---|
Boulevard Elementary School, Cleveland Heights, OH 1749 Lee Road, Cleveland Heights, OH 44118 | K-5 | 0.1 mi |
Monticello Middle School 3665 Monticello Boulevard, Cleveland Heights, OH 44121 | 6-8 | 1.4 mi |
Cleveland Heights High School 13263 Cedar Road, Cleveland Heights, OH 44118 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1683 Colonial Dr
Date
Details
Price
Change
Source
11/11/2025
Listed
$345,000
6.15%
MLS
6/01/2022
Sold
$325,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1683 Colonial Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,582
-1%
$113,750
133%
2023
$9,662
80%
$48,720
—
2022
$5,367
2%
$48,720
—
2021
$5,262
14%
$48,720
24%
2020
$4,620
-2%
$39,270
—
2019
$4,725
-2%
$39,280
—
2018
$4,812
8%
$39,280
7%
2017
$4,469
—
$36,720
—
2016
$4,461
7%
$36,720
—
2015
$4,154
-7%
$36,720
-7%
2014
$4,463
4%
$39,480
—
2013
$4,279
—
$39,480
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1683 Colonial Dr
1683 Colonial Drive, Loveland, OH 44118 (MLS# 5168272) is a Triplex property with 7 bedrooms and 3 full bathrooms. 1683 Colonial Drive is currently listed for $345,000 and was received on November 11, 2025. Want to learn more about 1683 Colonial Drive? Do you have questions about finding other Triplex real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

