2869 Hampshire Rd - Multi-Family FOR SALE


Cleveland Heights, OH 44118
$250,000 USD
330-606-9459
2869 Hampshire Rd, Cleveland Heights, OH for Sale
$250,000 USD
Multi-Family - FOR SALE
1/31
null | Request Cap Rate

2869 Hampshire Rd
Cleveland Heights, OH 44118


OVERVIEW

The property is listed for $250,000 and currently generates $2,111 per month in rent. This well-kept, two-and-a-half-story single-family residence offers four bedrooms and 1.5 bathrooms, with classic curb appeal highlighted by a full-width covered front porch and a detached two-car garage. The interior features original hardwood floors, extensive wood trim, arched openings, and select exposed brick and stone accents, while the kitchen provides white cabinetry, open shelving, laminate countertops, and a full appliance package. The upper floors offer additional living/sleeping areas with varied ceiling heights and dormer-style rooms. A large fenced backyard with mature trees includes an elevated deck, complementing the property’s value-add potential and stable rental income for investors or owner-occupants. 2869 Hampshire Rd, Cleveland Heights, OH is located approximately 1.0 mile north of Cedar Road, 0.7 mile east of Lee Road, and just 0.1 mile east of Coventry Road. The property benefits from immediate proximity to the Coventry Road entertainment corridor, a highly walkable district featuring restaurants, cafés, bars, boutique retail, and neighborhood services, supporting strong tenant demand and rental stability. The surrounding neighborhood consists primarily of well-maintained, owner-occupied single-family homes, reinforcing long-term value retention and neighborhood stability. Limited new housing supply, established zoning, and a built-out streetscape create a high barrier to entry, reducing competitive risk for investors. Excellent access to Cedar Road (SR-322) provides efficient connectivity to University Circle, Little Italy, downtown Cleveland, major medical and educational employers, and key lifestyle amenities, making the location attractive to both long-term tenants and resale buyers.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

1

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

Single Family Residential

APN/PARCEL ID

684-04-013

ASK ABOUT THIS PROPERTY

Patrick CraigSPERRY - The Masica CompanyMore Info
330-606-9459

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Patrick CraigSPERRY - The Masica CompanyMore Info
330-606-9459

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.