This is often considered to be the first true detective story. One can see how it leads to Sherlock Holmes and other stories, including an eccentric investigator and a sidekick servicing as a useful sounding board and narrator.
As a short story, it is mostly quick moving, with a tight plot and without multiple red herrings.
However, there are two places where I think it breaks down a bit, leading to me giving it a 3-star as opposed to 4-star rating.
First, it is heavy into exposition, especially at the beginning. This is unusual for a short story but may be a sign of the times in which it was written: many authors were paid by the word and Poe was not a wealthy man so this could be a reason for that.
The second is a bit more egregious. There is no way, with the clues given, that the reader would have been able to determine the actual culprit. Even when revealed, without giving away any spoilers, it is quite preposterous.
So 3-stars for me, with the strengths being the pacing and introducing us to a detective story, with the offsets being the exposition and the actual outcome.
The detective appears in two additional Poe stories, which I will eventually read, so hoping those are a bit better.