Remodeled Triplex with Separate
For Sale
$134,500
Pending
1602 Hillcrest Road, East Cleveland, OH 44118
ResidentialIncome, East Cleveland, OH
Property Size4,529 SF
Lot Size0.11 Acres
Days on Market330
Property Features for 1602 Hillcrest Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Laundry Room, Bedroom 1, Bathroom 3, Bedroom 4, Basement, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5
Parking features
Off Street, Garage
Exterior features
PrivateYard
Lot features
City Lot
View
City
Elementary school district
East Cleveland CSD - 1812
Middle school district
East Cleveland CSD - 1812
High school district
East Cleveland CSD - 1812
Directions
North of Mayfield Rd, near Cleveland Heights Border
Standard status
Pending
APN
672-27-044
Size
4,529 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2126
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1919
Floors in Building
3
Building materials
Frame, WoodSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Platinum Real Estate
(888) 974-7253
Listed By:
Daniel A Perelman · License #2005000117
(216) 780-0413
Added: Oct 16, 2025
Changed: Sep 2
Last Checked: Sep 10 at 8:06AM
MLS# 5165597
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1919 triplex contains 4,529 square feet on a 0.1148-acre lot and is currently fully occupied. Recent improvements include updated breaker boxes, water heaters, furnaces, and a seal-coated driveway. The frame building has wood siding, forced-air heating, fiberglass and asphalt roofing, a basement, laundry room, and private yard.
Located at 1602 Hillcrest Road in East Cleveland, the property provides off-street parking and a garage. Each unit has separate electric and gas utilities, with tenants responsible for those services while the owner pays public water and sewer. Current rents are reported to support a cap rate above 11%.
Located at 1602 Hillcrest Road in East Cleveland, the property provides off-street parking and a garage. Each unit has separate electric and gas utilities, with tenants responsible for those services while the owner pays public water and sewer. Current rents are reported to support a cap rate above 11%.
Key Highlights
- Fully occupied triplex with 4,529 square feet
- 0.1148‑acre lot with private yard
- Separate electric and gas utilities for each unit
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 44118, OH
40,242
Population
17,849
Households
2.3
Avg Household Size
35
Median Age
61%
College-Educated
96%
High-School Grad
7.0 sq mi
ZIP Area
5,749
Density / Sq Mi
$76,328
Median Household Income
$44,837
Median Earnings
$1,195
Median Rent
$205,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with updated mechanical systems and tenant-paid electric and gas.
Where is this triplex located?
The property is located at 1602 Hillcrest Road East Cleveland, OH.
What is the asking price?
The asking price for this property is $134,500.
What are key features of this property?
This property features: Fully occupied triplex with 4,529 square feet; 0.1148‑acre lot with private yard; Separate electric and gas utilities for each unit
