1 month on rocket

8505 Garfield Blvd, Garfield Heights, OH, 44125

$1,500,000

Home List Price

$10,000*

Closing Credit

38 Bedrooms
15 Full Baths, 3 Partial
Multi
Schools Nearby

Location

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8505 Garfield Blvd, Garfield Heights$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingConcrete
Garage12 spaces
Year Built1922
HeatingForced Air
CoolingNone, Varies By Unit, Wall/Window Unit(s)
BasementYes
MLS #5025728
Lot Size0.14 Acres
StatusActive

About 8505 Garfield Blvd

Investors, allow us to introduce you to the Maple Multi-Unit Portfolio. This package consists of 15 rental / living units across twelve different properties in the highly-coveted areas Garfield, Maple, and Bedford. The demand for consistent, cash-flowing rental units in this famous corridor of Cleveland's East Side continues to grow, and, as such, this portfolio offers buyers an incredible opportunity to purchase a FULLY OCCUPIED set of 10 single-family homes, one duplex, and one triplex in one of Cleveland's hottest areas. Please reach out (or see the offering memorandum, financial info, and supplements) for more details!

Property Details

Property Features

Property Information:

  • Year Built: 1922

Listing Office:

  • Office Name: Hotdoors, LLC
  • Office Phone: (216) 299-0459
  • Listing Agent: Christopher Leo

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 15
  • Total Bedroom Count: 38

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 12 spaces
  • Attached Garage: No
  • Parking: Concrete

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None, Varies By Unit, Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Garfield Heights High School, Public District Grades 9-12
  • Garfield Heights Middle School, Public District Grades 6-8
  • William Foster Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: South of Reed

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000

Tax Information:

  • Annual Amount: $2,522
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Garfield Heights, OH.

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Garfield Heights, OH

City

Med. Sold Price

$130K

Med. Price/SqFt

$79

Avg. Days On Market

53

# of Sold Homes

29

8505 Garfield Blvd vs Garfield Heights

35 DAYS ON ROCKET

-18 Days

$1,500,000

+$1.3M More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price in Garfield Heights, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5025728

Listing Office:

  • Office Name: Hotdoors, LLC
  • Office Phone: (216) 299-0459
  • Listing Agent: Christopher Leo

IDXCopyright 2024 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: 4/27/2024, 3:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,522$21,700
2019$2,947$21,700
2018$3,048$21,700
2017$1,857$11,620

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1006542
3
/10

  • William Foster Elementary School

  • 12801 Bangor Ave

  • 1.92 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1006543
4
/10

  • Garfield Heights Middle School

  • 12000 Maple Leaf Dr

  • 2.12 miles

  • Public District Grades 6-8

High School

school-card-donut-1006544
3
/10

  • Garfield Heights High School

  • 4900 Turney Rd

  • 0.58 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,982. Typical income of Garfield Heights, OH residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Garfield Heights›44125›8505 Garfield Blvd

This home is located at 8505 Garfield Blvd in Garfield Heights, OH and zip code 44125. This home, which was built in 1922, sits on a 0.14 acre lot. Features: 38 bedrooms, 18 bathrooms. It has been listed on Rocket Homes since March 22, 2024 and is currently priced at $1,500,000.

In March 2024, from all listings sold in Garfield Heights, OH there were more than 7 sold above asking price, over 18 sold below and more than 4 were sold right at the asked price. In March 2024 in Garfield Heights, OH there were 8.5% less homes for sale than in February 2024. Listings spent 53 days on the market in March 2024, and had a median list price of $130,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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