1382 E 188th Street, Cleveland, OH 44110
Local realty services provided by:CENTURY 21 Lakeside Realty
1382 E 188th Street,Cleveland, OH 44110
$160,000
- 5 Beds
- 3 Baths
- 3,970 sq. ft.
- Multi-family
- Active
Listed by: mark a mcguire
Office: parkview realty group ltd
MLS#:5222074
Source:OH_NORMLS
Price summary
- Price:$160,000
- Price per sq. ft.:$40.3
About this home
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....
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Home facts
- Year built:1962
- Listing ID #:5222074
- Added:1 day(s) ago
- Updated:July 19, 2026 at 02:18 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:13
- Basement:Yes
- Basement Description:Full
- Living area:3,970 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1962
- Building area:3,970 sq. ft.
- Lot area:0.15 Acres
- Construction Materials:Wood Siding
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$160,000
- Price per sq. ft.:$40.3
- Tax amount:$1,874 (2025)
Parking
- Parking description:Detached, Garage
- Garage:Yes
- Garage spaces:2
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