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$ 350,000
Est. payment | /mo
5 Beds
3 Baths
3,780 SqFt
$ 350,000
Est. payment | /mo
5 Beds
3 Baths
3,780 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,780 sqft
Price per Sqft $92
Subdivision E Ackleys Surv
MLS Listing ID 5254724
Bedrooms 5
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 3,780
Year Built 1880
Annual Tax Amount $4,448
Tax Year 2025
Lot Size 4,338 Sqft
Acres 0.0996
Property Sub-Type Triplex
Property Description
Excellent investment opportunity in Cleveland's desirable Ohio City neighborhood! This unique property features three rental units across two separate buildings on one parcel, offering an attractive combination of established rental income and long-term investment potential.
The front building is a spacious duplex (2,700 sq ft) featuring two large 2-bedroom, 1-bathroom units, currently rented for $1,050 and $1,129 per month. The rear single family (1,080 sq ft) is a detached 2-bedroom, 1-bathroom currently rented for $1,200 per month. All of the tenants are long term on month to month leases rented through Section 8.
Together, the three units generate $3,379 in monthly rental income, or $40,548 annually! All three units are Lead Free Certified through the City of Cleveland, providing an additional benefit for investors.
Conveniently located within walking distance of the new 60-unit Hub 27 development to begin leasing in Spring 2027. The surrounding area is also positioned for additional investment, with developers proposing future grocery, senior housing, and other commercial projects!
Whether you're expanding an existing rental portfolio or seeking a multifamily investment in one of Cleveland's established urban neighborhoods, this property offers immediate rental income, a versatile two-building configuration, and proximity to exciting neighborhood redevelopment.
The front building is a spacious duplex (2,700 sq ft) featuring two large 2-bedroom, 1-bathroom units, currently rented for $1,050 and $1,129 per month. The rear single family (1,080 sq ft) is a detached 2-bedroom, 1-bathroom currently rented for $1,200 per month. All of the tenants are long term on month to month leases rented through Section 8.
Together, the three units generate $3,379 in monthly rental income, or $40,548 annually! All three units are Lead Free Certified through the City of Cleveland, providing an additional benefit for investors.
Conveniently located within walking distance of the new 60-unit Hub 27 development to begin leasing in Spring 2027. The surrounding area is also positioned for additional investment, with developers proposing future grocery, senior housing, and other commercial projects!
Whether you're expanding an existing rental portfolio or seeking a multifamily investment in one of Cleveland's established urban neighborhoods, this property offers immediate rental income, a versatile two-building configuration, and proximity to exciting neighborhood redevelopment.
Location
State OH
County Cuyahoga
Rooms
Basement Partial
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 007-23-099
Special Listing Condition Standard
Listed by Joshua Janus • Key Realty • josh@janusdevelopment.co, 216-284-6736
NEARBY SCHOOL & BUSINESS