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Kyle Oberlin

kyle@sellingohio.com +1(330) 714-5807

$ 195,000

Est. payment | -/mo

5 Beds

3 Baths

2,092 SqFt

Save

$ 195,000

Est. payment | -/mo

Save

5 Beds

3 Baths

2,092 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,092 sqft

Price per Sqft $93

Subdivision White

MLS Listing ID 5203684

Bedrooms 5

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,092

Year Built 1914

Annual Tax Amount $2,646

Tax Year 2025

Lot Size 3,850 Sqft

Acres 0.0884

Property Sub-Type Triplex

Property Description

407 East 147th Street in Cleveland presents a fully occupied, income producing multifamily opportunity with a solid blend of updates and steady cash flow. This three unit property includes two 2 bedroom, 1 bathroom units, currently rented at $850 and $950 per month, along with a 1 bedroom, 1 bathroom unit leased at $545 per month. With all units occupied, the property offers immediate and consistent rental income from day one. Each unit has been thoughtfully refreshed, with Units 1 and 2 updated in 2023 featuring improvements to paint, flooring, kitchens, and bathrooms, creating clean, comfortable living spaces that appeal to tenants. The third unit was also updated in 2023, including a bathroom refresh, kitchen installation, new flooring, and paint, giving it a cohesive and move in ready feel. Newer hot water tanks installed in 2024 add to the overall reliability of the property. The detached 2 car garage provides added value and convenience, while the overall layout offers functional, easy to maintain living spaces across all units. With a strong rental lineup, recent updates, and consistent occupancy, this property offers a well rounded opportunity for investors seeking both stability and long term upside in a convenient Cleveland location.

Location

State OH

County Cuyahoga

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Appliance Range, Refrigerator

Laundry In Basement, None

Exterior

Exterior Feature Balcony

Parking Features Concrete, Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch Balcony

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 112-20-073

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Anthony R Latina • RE/MAX Crossroads Properties • anthonylatinarealestate@gmail.com, 440-465-5611

NEARBY SCHOOL & BUSINESS

+1(330) 714-5807

kyle@sellingohio.com

3498 S Arlington Rd, Akron, OH, 44312, USA

407 E 147th ST Cleveland, OH 44110