1382 E 188th Street,Cleveland, OH 44110
Cleveland, OH 44110
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.
Details
| MLS # | 5222074 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 81 |
| Listing Provided By | Parkview Realty Group Ltd | Mark A McGuire |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,970 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 3 |
| Building(s) | 1 |
| Acreage | 0.15 |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Detached, Garage, Unpaved |
Taxes
| Tax Annual Amount | 1874 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44110 |
| Community Name | C M Mixs |
| Listing VS Median (in C M Mixs) | |
Price: $155,000 low | high Med: $155,000 sqft: 3,970 low | high Med: 3,970 $ / sqft: $39 low | high Med: $39 On site: 81 low | high Med: 81 | |
Market Activity 44110
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44110 |
| Community Name | C M Mixs |
| Listing VS Median (in C M Mixs) | |
Price: $155,000 low | high Med: $155,000 sqft: 3,970 low | high Med: 3,970 $ / sqft: $39 low | high Med: $39 On site: 81 low | high Med: 81 | |