Remodeled Fully Occupied
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 Market310
Property Features for 1602 Hillcrest Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 3, Laundry Room, Bathroom 2, Bathroom 3, Bedroom 1
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: Aug 20
Last Checked: Aug 21 at 5:06PM
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 remodeled, fully occupied triplex offers a straightforward setup for resident billing and day-to-day operations. The home includes forced-air heating, frame construction with wood siding, and an asphalt/fiberglass roof. The property has a private yard and includes garage and off-street parking. Inside, the layout features multiple bedrooms and bathrooms, plus a laundry room.
Recent updates noted include newer breaker boxes, newer H2O tanks, and newer furnaces, along with a freshly seal-coated driveway. Utility arrangements are separate: each tenant pays their own electric and gas, while the owner pays water and sewer. The second-floor tenant has been in place for 10 years. The property is expected to be city point of sale violation-free.
At current rent levels, the property is presented with an over 11 cap rate and includes room to grow.
Recent updates noted include newer breaker boxes, newer H2O tanks, and newer furnaces, along with a freshly seal-coated driveway. Utility arrangements are separate: each tenant pays their own electric and gas, while the owner pays water and sewer. The second-floor tenant has been in place for 10 years. The property is expected to be city point of sale violation-free.
At current rent levels, the property is presented with an over 11 cap rate and includes room to grow.
Key Highlights
- Remodeled, fully occupied triplex with private yard
- Updates include newer breaker boxes, newer H2O tanks, newer furnaces, and freshly seal‑coated driveway
- All separate utilities: tenants pay electric and gas; owner pays water and sewer
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with separate utilities for tenants and a private yard, with recent system updates.
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: Remodeled, fully occupied triplex with private yard; Updates include newer breaker boxes, newer H2O tanks, newer furnaces, and freshly seal‑coated driveway; All separate utilities: tenants pay electric and gas; owner pays water and sewer
