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Rent-Ready Triplex
For Sale
$134,900

1522 E 47th Street, Cleveland, OH 44103

Three residential units include one occupied apartment and two vacant units prepared for leasing.

Property SizeContact for details
Days on Market32

Property Features for 1522 E 47th Street

General Information

Standard status Active
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $712

Building Details

Year Built 1900
Buildings 1
Listing Agency: Keller Williams Greater Metropolitan
Listed By: Michael T Arko · License #2019000138
Source: Carolgoffrealestate
Added: Jul 31 Changed: Aug 30 Last Checked: Aug 30 at 5:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Greater Metropolitan

Investment Insights

Based on property information with market context.

Built in 1900, this three-unit residential property includes one first-floor apartment leased on a month-to-month basis and two additional one-bedroom, one-bathroom units. The vacant apartments are move-in ready, while all three units are described as prepared for occupancy, allowing leasing activity across the property without renovation work identified in the available information.

Located at 1522 E 47th Street in Cleveland, the triplex is near Downtown Cleveland, University Circle, the Cleveland Clinic, and major highways. The existing lease provides occupancy in one unit, while the two vacant apartments offer additional leasing capacity within the same building.

Key Highlights

  • Three‑unit triplex with one first‑floor apartment and two additional units
  • Two vacant one‑bedroom, one‑bathroom units are move‑in ready
  • First‑floor apartment is leased on a month‑to‑month basis

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture Locksmith Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,179
Businesses Nearby

Demographics for 44103, OH

14,469
Population
9,479
Households
1.5
Avg Household Size
43
Median Age
12%
College-Educated
78%
High-School Grad
4.1 sq mi
ZIP Area
3,529
Density / Sq Mi
$24,219
Median Household Income
$27,495
Median Earnings
$720
Median Rent
$57,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units include one occupied apartment and two vacant units prepared for leasing.
Where is this triplex located?
The property is located at 1522 E 47th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $134,900.
What are key features of this property?
This property features: Three‑unit triplex with one first‑floor apartment and two additional units; Two vacant one‑bedroom, one‑bathroom units are move‑in ready; First‑floor apartment is leased on a month‑to‑month basis
More about this property
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