1683 Colonial Drive, Cleveland, OH 44118
Local realty services provided by:CENTURY 21 Transcendent Realty
Listed by: tal tamir
Office: russell real estate services
MLS#:5168272
Source:OH_NORMLS
Price summary
- Price:$345,000
- Price per sq. ft.:$123.26
About this home
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....
Contact an agent
Home facts
- Year built:1912
- Listing ID #:5168272
- Added:113 day(s) ago
- Updated:April 18, 2026 at 07:16 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
- Basement:Yes
- Basement Description:Full
- Living area:2,799 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1912
- Building area:2,799 sq. ft.
- Lot area:0.11 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$345,000
- Price per sq. ft.:$123.26
- Tax amount:$9,662 (2024)
Parking
- Parking description:Detached, Garage, Paved
- Garage:Yes
- Garage spaces:2
New listings near 1683 Colonial Drive
- New
$89,900Active6 beds 2 baths2,190 sq. ft.10006 Somerset Avenue, Cleveland, OH 44108
MLS# 5220183Listed by: BERKSHIRE HATHAWAY HOMESERVICES PROFESSIONAL REALTY - New
$152,000Active1 beds 1 baths596 sq. ft.2222 Detroit Avenue #515, Cleveland, OH 44113
MLS# 5220341Listed by: RUSSELL REAL ESTATE SERVICES - New
$69,900Active4 beds 2 baths3,093 sq. ft.13709 Earlwood Road, Cleveland, OH 44110
MLS# 5220421Listed by: KELLER WILLIAMS GREATER METROPOLITAN - New
$649,900Active3 beds 4 baths2,505 sq. ft.1872 W 57th Street, Cleveland, OH 44102
MLS# 5220003Listed by: COLDWELL BANKER SCHMIDT REALTY - New
$99,900Active3 beds 1 baths960 sq. ft.1977 W 77th Street, Cleveland, OH 44102
MLS# 5220220Listed by: KELLER WILLIAMS GREATER METROPOLITAN - New
$99,900Active4 beds 2 baths1,643 sq. ft.1975 W 77th Street, Cleveland, OH 44102
MLS# 5220241Listed by: KELLER WILLIAMS GREATER METROPOLITAN - New
$149,900Active5 beds 3 baths10000 Adams Avenue, Cleveland, OH 44108
MLS# 5220391Listed by: NEW ERA REAL ESTATE GROUP, INC. - New
$145,000Active4 beds 2 baths1,117 sq. ft.3947 W 22nd Street, Cleveland, OH 44109
MLS# 5220417Listed by: TEAM RESULTS REALTY - New
$289,900Active3 beds 2 baths1,410 sq. ft.6515 Fir Avenue, Cleveland, OH 44102
MLS# 5219341Listed by: EXP REALTY, LLC. - New
$175,000Active5 beds 2 baths1,388 sq. ft.16816 Talford Avenue, Cleveland, OH 44128
MLS# 5220358Listed by: TEAM RESULTS REALTY