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3-Unit Residential Triplex

1588 S Green Rd, South Euclid, OH 44121

For Sale
$365,000

All three apartments are rented, with tenants responsible for their own electric and gas service.

Property Size5,174 SF
Price / SF$70.55
Days on Market33

Property Features for 1588 S Green Rd

General Information

Standard status Active
Size 5,174 SF
Property subtype Multi-Family
Occupancy 100%

Site & Location

Neighborhood Mayfield Road Area

Units

Unit Mix 2 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Additional Details

Gross Income $51,000
Tenant in Place Yes

Building Details

Year Built 1893
Tenancy Multi
Listing Agency: Keller Williams Chervenic Rlty
Listed By: Mona Bhatia · License OH #2021002634
Source: Greaterclevelandhomesforsale
Added: Oct 8 Changed: Nov 8 Last Checked: Nov 8 at 7:22AM

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 Chervenic Rlty

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Investment Insights

Based on property information with market context.

This 5,174-square-foot triplex contains three apartments: two with three bedrooms and one bathroom each, plus a one-bedroom, one-bathroom unit. The building dates to 1893, and all three units are currently occupied. Tenants pay their own electric and gas bills. Rent roll and leases are available to qualified buyers; showings require an appointment and proper notice because the property is tenant-occupied.

The property is in South Euclid, near shopping, dining, and major routes. The location also provides access to Cleveland Heights, Beachwood, University Circle, Cleveland Clinic, and University Hospitals.

Key Highlights

  • Three occupied apartments: two 3‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
  • 5,174‑square‑foot building constructed in 1893
  • Tenants pay their own electric and gas

Property Analytics

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

623
Businesses Nearby

Demographics for 44121, OH

32,887
Population
14,916
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
96%
High-School Grad
6.4 sq mi
ZIP Area
5,139
Density / Sq Mi
$75,621
Median Household Income
$41,061
Median Earnings
$1,113
Median Rent
$129,300
Median Home Value

Market

Average Price Trend$/SF for Triplexes in Cuyahoga County, OH

$78.76 Jul
$86.25 Aug
$86.36 Sep
$88.72 Oct

Properties on Market for Triplexes in Cuyahoga County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - All three apartments are rented, with tenants responsible for their own electric and gas service.
Where is this triplex located?
The property is located at 1588 S Green Rd South Euclid, OH.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Three occupied apartments: two 3‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; 5,174‑square‑foot building constructed in 1893; Tenants pay their own electric and gas
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