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$325,000
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Property Description
Excellent opportunity to acquire a fully occupied 5-unit apartment building located in the Forest Hills neighborhood. All five units feature 2 bedrooms and 1 bathroom, providing a highly desirable and consistent unit mix for tenants. The property currently generates $4,879/month in gross rental income, with tenants responsible for gas and electric, helping minimize owner expenses. Recent improvements include newer HVAC systems, updated flooring, plumbing, bathrooms, kitchens, windows, roof, landscaping, and one unit was recently fully remodeled, making this a strong turnkey, low-maintenance investment opportunity with a proven rental history. The property is conveniently located near local parks, shopping, dining, public transportation, and major freeway access, with quick access to Downtown Cleveland and surrounding employment centers. The Forest Hills area offers a strong rental market with walkability to neighborhood amenities and nearby retail conveniences, supporting long-term tenant demand. Ideal opportunity for investors seeking immediate cash flow with additional upside potential through future rent optimization.
Full Property Details
Full Property Details for 630-634 Eddy Rd
General
- Sold For: $325,000
- Taxes: $2,723 (2025)
- Status: Closed
- Type: Apartment
- Source: 505
- MLS ID: 5208276
- Added to Site: 107 day(s) ago
Parking
- Parking Features: On Street
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Adams Realty Cos Speedway Park
- Driving Directions: Willis Dr to Eddy Rd
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt, Fiberglass, Shingle
- Stories/Levels: 3
- Current Bldg. Use: Commercial
- Year Built: 1918
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.1203
- Lot Size: .1203
- Lot Size Source: Public Records
- Zoning: Commercial
- Fencing (Description): Back Yard
Financial Considerations
- Tax Amount: $2,723
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 364 ADAMS S/L 12 NP 0011 SP
- Property ID: 110-04-050
Listed by Russell Real Estate Services, Hamzah A Najar
Sold by Howard Hanna, Amber L Rudisill
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Price & Sales History for 630-634 Eddy Rd
Date
Details
Price
Change
Source
7/31/2026
Sold
$325,000
—
MLS
5/08/2026
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
630-634 Eddy Road, Loveland, OH 44108 (MLS# 5208276) is a Apartment property that was sold at $325,000 on July 31, 2026. Want to learn more about 630-634 Eddy Road? Do you have questions about finding other Apartment real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

