Map
Listed price in listed location currency (USD).
$160,000

532

MLS® 5222074

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 3970 sqft
Garage Yes
Taxes $1,874
Days Active 0
Lot Size 0.1543 Acres
Approx. Age 1962
Avg. Price Per Sqft $40
MLS® Number 5222074

Property Address: 1382 E 188th St, Cleveland, OH, 44110-2852

Average square foot calculated using Size range provided by listing agent.

Description

Great investment opportunity with immediate cash flow! This fully occupied triplex offers three income-producing units plus additional garage rental income, making it an excellent addition to any investment portfolio. The property features two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing a desirable unit mix with strong rental demand. Current rents are $950/month for the first 2-bedroom unit, $675/month for the 1-bedroom unit, and $590/month for the second 2-bedroom unit, which is occupied by a long-term tenant paying below-market rent. The detached garage generates an additional $125/month as storage rental, creating multiple income streams with upside potential through future rent adjustments. The property offers separate living spaces with functional layouts, updated bathrooms in select units, spacious kitchens, hardwood flooring, and classic architectural charm. Tenants also enjoy large covered front porches, ample yard space, and off-street parking with a detached garage. Separate utility meters further enhance the property's investment appeal. Conveniently located on Cleveland's east side near shopping, dining, schools, parks, public transportation, and major highways, this is a turnkey opportunity for investors seeking stable rental income today with room to increase future returns. Whether you're expanding your portfolio or purchasing your first multifamily investment, this fully occupied triplex delivers immediate income and long-term potential.
MLS® Number5222074
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1962
BasementFull
DrivewayDetached, Garage, Unpaved
Garage Spaces
HeatForced Air, Gas
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 18, 2026List Date
$160,000List Price
  • Commute

Commute

Starting Address
Destination Address
1382 E 188Th St, Cleveland, OH

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties