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Three-Unit Multifamily Property
For Sale
$69,900

653 E 159th Street, Cleveland, OH 44110

The building has separate electric meters for each unit and gas meters in the basement.

Property Size1,892 SF
Price / SF$36.95
Days on Market10

Property Features for 653 E 159th Street

General Information

Standard status Active
Size 1,892 SF
Property subtype Residential Income

Site & Location

Neighborhood Collinwood
Utilities to Site Yes

Units

Multifamily Units 3
Individually Metered Utilities electricity

Taxes and HOA fees

Annual Taxes $4,190

Building Details

Building Size 1,892 SF
Year Built 1920
Buildings 1
Listing Agency: Walnut Creek Realty, LLC.
Listed By: Matthew P Klein · License #2018000266
Source: Coccarealestate
Added: Oct 19 Changed: Oct 25 Last Checked: Oct 26 at 3:38AM

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 Walnut Creek Realty, LLC.

Rey
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Investment Insights

Based on property information with market context.

This 1,892-square-foot triplex, built in 1920, is arranged with two units on the ground floor and one upstairs. Separate electric meters serve the three units, and gas meters are located in the basement.

The property is on East 159th Street in Cleveland, Ohio. It is offered in as-is condition, with all faults.

Key Highlights

  • Three‑unit configuration: two units downstairs and one upstairs
  • 1,892 square feet; built in 1920
  • Three separate electric meters

Property Analytics

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Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

493
Businesses Nearby

Demographics for 44110, OH

17,617
Population
11,140
Households
1.6
Avg Household Size
40
Median Age
13%
College-Educated
84%
High-School Grad
4.1 sq mi
ZIP Area
4,297
Density / Sq Mi
$30,973
Median Household Income
$28,263
Median Earnings
$821
Median Rent
$62,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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 - The building has separate electric meters for each unit and gas meters in the basement.
Where is this triplex located?
The property is located at 653 E 159th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $69,900.
What are key features of this property?
This property features: Three‑unit configuration: two units downstairs and one upstairs; 1,892 square feet; built in 1920; Three separate electric meters
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