Backup offers
$4,097 Closing Credit¹
#5119276, Michael A Ferrante, Listing office: Century 21 Homestar
$299,000 List price
3331 Cedarbrook Rd Cleveland Heights, OH 44118
$3,551
Closing credit¹
8 beds
4 full, 1 partial
4,100 sqft
0.2 acres
$73 / sqft
Multi-Family
Property details
About 3331 Cedarbrook Rd
This massive, townhome-style duplex features two units, each with 4 bedrooms, 2 full baths, 3 stories, a 3 seasons room and a full, private basement. The classic architecture and larger-than-average layouts set the stage for top-of-market rents. Both units are updated with modern kitchens, renovated bathrooms, new lighting, and fresh paint throughout. Major systems are dialed in, it has vinyl windows, solid mechanicals, and a newer garage (2021). Both units are ready for immediate occupancy. Once units are placed at $2,400/month each, the proforma NOI soars over $37,000, delivering a cap rate of 11.75%! With its proximity to the Cleveland Clinic and University Circle, this property is also perfectly positioned for furnished mid-term or short-term rentals, offering even greater income potential. Opportunities like this are nearly impossible to duplicate. Whether you want stable cash flow or are ready to maximize your profits through flexible rental strategies, this property delivers. **Roof is older and will likely require replacement in the next 5 years.
Highlights
Home typeDuplex
HeatingForced Air
StatusActive
Size4,100 sqft
BasementYes
Lot size0.1583 Acres
Year built1920
ParkingDetached, Garage
MLS #5127248
Garage2 spaces
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 4
- Basement: Yes
- Total Bedroom Count: 8
- Garage Space: 2 spaces
- Attached Garage: No
- Private Pool: No
- Parking: Detached, Garage
- Heating: Forced Air
- Cooling: None
- List Price: $299,000
- Price/SqFt: $72
- Annual Tax Amount: $6,190
- Tax Year: 2023
- Lot: Corner Lot
- Directions: corner of goodnor and cedarbrook.
- Year Built: 1920
- Stories: 3
- Living Area: 4,100 SqFt
- Lot Size: 0.1583 Acres
- MLS Number: 5127248
- MLS Name: NOWDD
- Office Name: Keller Williams Living
- Office Phone: (440) 670-2300
- Office Email: Erinthomas@kwcommercial.com
- Listing Agent: Erin Thomas
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/24/2025, 3:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$299,000
3331 Cedarbrook Rd
$3,551
closing credit¹
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 27, 2023 | Home Sold | $130,000 |
| Oct 09, 2007 | Home Sold | $73,500 |
| Aug 29, 2005 | Home Sold | $220,000 |
| Jul 11, 2002 | Home Sold | $104,000 |
| Nov 10, 1997 | Home Sold | $127,800 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $53,660 | $6,190 |
| 2022 | $53,660 | $5,958 |
| 2021 | $53,660 | $6,184 |
| 2020 | $43,260 | $5,088 |
| 2019 | $43,260 | $4,943 |
| 2018 | $43,260 | $4,946 |
| 2017 | $50,340 | $6,152 |
History based on county public records data.
Nearby schools
4
Fairfax Elementary School
Public District KG-5
0.6 mi
•3150 Fairfax Rd
5
Canterbury Elementary School
Public District KG-5
0.8 mi
•2530 Canterbury Rd
5
Boulevard Elementary School
Public District KG-5
0.9 mi
•1749 Lee Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,036. The most common annual income of people living in Cleveland Heights, OH is less than $<35k. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
47%
<35k
40%
35k-100k
12%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
25%
Single, with Kids
22%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
12%
12-17 yrs old
21%
18-34 yrs old
39%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Music Concerts
Where do the neighbors shop?
IKEA
Banana Republic
H&M
Where do the neighbors go to eat?
Quiznos
Jack In The Box
Chipotle
What do the neighbors drive?
Lexus
Toyota
Volkswagen
What do the neighbors listen to?
Soft Adult Contemporary
Jazz- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3331 Cedarbrook Rd
The listing price of 3331 Cedarbrook Rd property is $299,000.
The property 3331 Cedarbrook Rd is a multi located in Cleveland Heights, Ohio, 44118.
Active Listing: 3331 Cedarbrook Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3331 Cedarbrook Rd are: Fairfax Elementary School (GreatSchools Rating 4/10), Canterbury Elementary School (GreatSchools Rating 5/10), Boulevard Elementary School (GreatSchools Rating 5/10), Roxboro Middle School (GreatSchools Rating 4/10), Woodbury Elementary School (GreatSchools Rating 5/10), Shaker Hts Middle School (GreatSchools Rating 4/10), Cleveland Heights High School (GreatSchools Rating 4/10), Shaker Hts High School (GreatSchools Rating 5/10), Cleveland School of the Arts (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $6,190 (source: MLS/based on county public records data).
The last sale was on July 27, 2023 for $130,000 (source: MLS/tax record).
The property 3331 Cedarbrook Rd is 4,100 SqFt (source: MLS/tax record).
The year of construction for 3331 Cedarbrook Rd is 1920.
This home is located at 3331 Cedarbrook Rd in Cleveland Heights, OH and zip code 44118. This 4,100 square foot home, which was built in 1920, sits on a 0.16 acre lot. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 30, 2025 and is currently priced at $299,000.
In May 2025, from all listings sold in Cleveland Heights, OH there were more than 25 sold above asking price, over 26 sold below and more than 11 were sold right at the asked price. The number of listings in Cleveland Heights, OH increased by 6% between April and May 2025. The median list price of listings available in May 2025 was $221,976, while the average time on the real estate market was 43 days.
From Rocket Homes Real Estate and based on county public records data.