Remodeled Triplex Near Cleveland
1602 Hillcrest Road, East Cleveland, OH 44118
MULTI_FAMILY - East Cleveland, OH
Property size:
4,529 SFLot size:
0.11 AcresPrice / SF:
$32/SF- Added:
- Oct 16, 2025
- Days on Market:
- 211
- Last Refresh:
- May 14 at 8:06 am
Property Features for 1602 Hillcrest Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Basement, Bedroom 3, Bedroom 5, Bathroom 2, Laundry Room, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3
- Parking features
- Garage, Off Street
- Exterior features
- PrivateYard
- Standard status
- Active
- 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 agent Daniel A Perelman License #2005000117 (216) 780-0413
Listing office Platinum Real Estate 7200 Center Street, Willoughby, OH (888) 974-7253
Listing date Oct 16, 2025
MLS# 5165597
Listing URL
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.
HighLights
- Over 11% cap rate at current rent with room to grow, indicating strong investment potential.
- Fully occupied triplex with separate utilities (tenants pay electric and gas), simplifying management and maximizing income.
- Remodeled with many updates including newer breaker boxes, H2O tanks, and furnaces, reducing potential maintenance costs.
- Located on the Cleveland Heights border, offering access to amenities and a desirable location.
- Will be city point of sale violation‑free, ensuring a smooth transaction.
- Freshly seal‑coated driveway and private yard.
Overview
This is an opportunity to acquire a fully occupied, remodeled triplex located on the border of Cleveland Heights. The property has undergone several updates, including newer breaker boxes, newer hot water tanks, and newer furnaces. The driveway has been freshly seal-coated. All utilities are separate, with tenants responsible for their own electric and gas, while the owner covers water and sewer expenses. The second-floor tenant has been residing in the property for 10 years, suggesting potential for rent increases. The property is intended to be city point of sale violation-free. The property has a lot size of 0.1148 acres and a property size of 4529 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Map
- City
- East Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5563
- Latitude
- 41.502
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully occupied, remodeled triplex with separate utilities and high cap rate.
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 $147,500.
What are key features of this property?
This property features: Over 11% cap rate at current rent with room to grow, indicating strong investment potential.; Fully occupied triplex with separate utilities (tenants pay electric and gas), simplifying management and maximizing income.; Remodeled with many updates including newer breaker boxes, H2O tanks, and furnaces, reducing potential maintenance costs.
