3156 E Derbyshire RD Cleveland Heights, OH 44118
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,594 sqft
Price per Sqft $158
Subdivision Forest Hill
MLS Listing ID 5144761
Style Multiplex,Duplex
Bedrooms 8
Full Baths 2
Half Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,594
Year Built 1943
Annual Tax Amount $10,411
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Single Family Residence
Property Description
Welcome to 3156 E Derbyshire Rd, a turnkey 3,200+ sq ft side-by-side duplex just minutes from the vibrant Cedar-Lee District. Each unit offers 4 spacious bedrooms, 1.5 updated bathrooms, and 3 levels of finished living space, perfect for multi-generational living, house hacking, or long-term investment.
This fully updated property features brand-new kitchens and baths, new vinyl and carpet flooring, central air, updated electrical, and a newer roof with fresh gutters (2023) delivering low-maintenance ownership from day one.
Perfect for investors OR owner-occupants looking to house-hack live in one side and rent out the other
Investors will appreciate the reliable cash flow and 5%+ cap rate with built-in upside. Owner-occupants will love the spacious layout, modern updates, and walkable location near parks, cafes, and shopping. The property also includes off-street parking, charming front porches, and sits on a quiet, tree-lined street.
Don't miss this rare, high-income duplex opportunity with flexibility, location, and future growth potential all in one.
Current rental income is $2,100/month per unit, for a total of $4,200/month, with room to increase to $2,300-$2,500/month based on condition and local comps.
Location
State OH
County Cuyahoga
Community Fitness Center, Medical Service, Park, Restaurant, Shopping
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling Central Air, Ceiling Fan(s)
Fireplace No
Appliance Dryer, Dishwasher, Range, Refrigerator, Washer
Laundry In Basement
Exterior
Parking Features Driveway, Detached, Garage
Garage Spaces 2.0
Garage Description 2.0
Community Features Fitness Center, Medical Service, Park, Restaurant, Shopping
View Y/N Yes
Water Access Desc Public
View City
Roof Type Asphalt,Shingle
Porch Front Porch
Private Pool No
Building
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Multiplex, Duplex
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 684-22-070
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan