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    1602 Hillcrest Rd East Cleveland, OH 44118

    For Sale
    $169,900

    MULTI_FAMILY - East Cleveland, OH

    Property size:
    4,529 SF
    Lot size:
    0.11 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 11 at 2:06 pm

    Property Features for 1602 Hillcrest Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Bedroom 5, Laundry Room, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Basement
    Bedrooms
    5
    Bathrooms
    3
    APN
    672-27-044
    Parking features
    Garage, Off Street
    Exterior features
    PrivateYard
    Size
    4,529 SF
    Lot size
    0.11 Acres

    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

    Platinum Real Estate Professionals, LLC (440) 942-2100 [email protected]

    Listing agent Daniel A Perelman (216) 780-0413 License #2005000117

    Listing date Dec 2, 2025

    MLS# 5165597 Listing URL

    Copyright © 2025 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.

    Overview

    Remodeled Triplex Near Cleveland Heights

    This is an opportunity to acquire a fully occupied, remodeled triplex located on the border of Cleveland Heights. The property features several updates, including newer breaker boxes, newer hot water tanks, and newer furnaces. The driveway has been freshly seal-coated. Each unit has separate utilities, with tenants responsible for their own electric and gas, while the owner covers water and sewer expenses. The property size is 4529 square feet and the lot size is 0.1148 acres. One tenant on the second floor has been residing there for 10 years, suggesting potential for rent increases. The property is intended to be free of city point of sale violations. The property is located in East Cleveland, OH.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.576119
    Latitude
    41.515705

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    FAQs

    What type of property is this?
    Triplex - Fully occupied, remodeled triplex with separate utilities and updates.
    Where is this triplex located?
    The property is located at 1602 Hillcrest Rd East Cleveland, OH.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: - Over 11% cap rate at current rent with room to grow.; - Fully occupied triplex with separate utilities (tenants pay electric and gas).; - Remodeled with many updates including newer breaker boxes, H2O tanks, and furnaces.
    (216) 780-0413
    Request Owner's contact information
    1602 Hillcrest Rd East Cleveland, OH 44118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1602 Hillcrest Rd East Cleveland, OH 44118
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