857 Quarry Drive
Cleveland Heights, OH, 44121
Price$200,000
Beds2
Baths1
SqFt960
Baths1
SqFt960
Status:Active
Property Type:Residential
School:Cleveland Hts-Univer – 1810
Property Type:Residential
School:Cleveland Hts-Univer – 1810
Priced at $200,000/ house part of a turnkey 16-property single-family rental portfolio across highly desirable Cleveland East suburbs including South Euclid, Cleveland Heights, Lyndhurst, Mayfield Heights, and Cleveland. Offered as a package at $3,200,000. This stabilized portfolio includes 16 individual single-family homes with established rental history, strong tenant demand, and immediate cash flow from day one. Current rent roll reflects approximately $33,685/month in scheduled rental income ($404,220 annually). Based on provided income and property taxes, the portfolio produces approximately $344,121 NOI, representing an attractive 10.75% cap rate at the asking price (buyer to verify all expenses and financials). Many properties feature updates, desirable layouts, and tenant-friendly amenities including updated finishes, and central air at many locations. These homes are strategically located near major employment centers, shopping, dining, parks, schools and transportation, making them ideal long-term rental assets. Portfolio Highlights: • 16 Single-Family Rental Homes • $33,685/month rental income • $404,220 gross annual income • Approx. 10.75% cap rate based on provided rent roll • Stabilized tenant base • Renovated and income-producing assets • Strong Cleveland suburban rental markets • Excellent opportunity for investors seeking scale and diversification Included properties: 6601 Ridgeview Rd Mayfield Heights; 4011 Lancaster Rd South Euclid; 7220 Deveny Ave Cleveland; 1171 Quilliams Rd Cleveland Hts; 956 Nobleshire Rd Cleveland Hts; 857 Quarry Dr Cleveland Hts; 4033 Stonehaven Rd South Euclid; 4241 Verona Rd South Euclid; 1513 Westdale Rd South Euclid; 4187 Stilmore Rd South Euclid; 4218 Stilmore Rd South Euclid; 4198 Eastway Rd South Euclid; 1799 Wrenford Rd South Euclid; 4349 Ardmore Rd South Euclid; 4847 Farnhurst Rd Lyndhurst; 1509 Maple Rd Cleveland Hts. Call today for additional details!
| Price | $200,000 | |
| Bedrooms | 2 | |
| Full Baths | 1 | |
| Half Baths | 0 | |
| Total Baths | 1 | |
| Property Style | Colonial | |
| Lot Size Area | 0.1194 | |
| Lot Size Area Units | Acres | |
| Acres | 0.1194 | |
| Property Type | Residential | |
| Sub type | Single Family Residence | |
| MLS Sub type | Single Family Residence | |
| Stories | 2 | |
| Features | Built-in Features | |
| Year Built | 1942 | |
| Fireplaces | 0 | |
| Subdivision | Monticello | |
| Roof | Asphalt, Fiberglass | |
| Heating | Forced Air, Gas | |
| Foundation | Block | |
| Parking Description | Driveway, Detached, Garage | |
| Garage spaces | 2 | |
| Directions | See list of portfolio list of addresses | |
| County | Cuyahoga | |
| Latitude | 41.537033 | |
| Longitude | -81.534524 | |
| Address | 857 Quarry Drive, Cleveland Heights, OH 44121 | |
| Postal Code | 44121 | |
| City | Cleveland Heights | |
| State | OH | |
| Country | United States | |
| Listing Office | Russell Real Estate Services | |
| Listing Office Phone | 440-572-3100 | |
| Listing Office Email | [email protected] | |
| Listing Agent | Jesse Kracht | |
| Listing Agent Phone | 440-212-5656 | |
| Attribution Contact | [email protected], 440-212-5656 | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Standard | |
| Terms | Cash,Conventional,1031 Exchange | |
| District | Cleveland Hts-Univer – 1810 | |
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Last Modified | Jul 3, 2026 | |
| Tax ID | 682-18-066 | |
| Tax Year | 2025 | |
| Tax Annual Amount | 3613 | |
| MLS # | 5224513 | |
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