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$ 150,000
Est. payment | /mo
5 Beds
3 Baths
2,718 Sqft Lot
$ 150,000
Est. payment | /mo
5 Beds
3 Baths
2,718 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Leeh Square
MLS Listing ID 5209153
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1946
Annual Tax Amount $3,320
Tax Year 2025
Lot Size 2,718 Sqft
Acres 0.0624
Property Sub-Type Triplex
Property Description
Attention Investors!!! This One Does the Math for You.
Cleveland ranked first among the 40 largest U.S. markets in home price growth in 2025, while still being the most affordable. Strong rental demand and rising rents make this the right market, and this property delivers the returns.
Located in Cleveland's established Lee-Miles corridor under 15 minutes from both Cleveland Clinic and University Hospitals, two of the largest employers in Northeast Ohio, this property sits in the heart of consistent rental demand driven by thousands of healthcare workers seeking quality affordable housing close to work.
Two updated studio units are currently leased at $700 each through May 2027. The third upper unit is vacant and rent-ready, with neighborhood demand supporting up to $1,200 per month, bringing potential gross monthly income to $2,600 at an incredibly affordable price point.
All three units feature new windows, updated baths, and new flooring. All three furnaces are under 5 years old and the roof is new. Both main floor units have private basement access with washer and dryer hookups. The upper unit includes its own in-unit washer and dryer. Tenants pay electric and the owner covers only water and sewer. On site parking is available for convenience.
Fully updated, income producing and priced to move. Schedule your showing today.
Cleveland ranked first among the 40 largest U.S. markets in home price growth in 2025, while still being the most affordable. Strong rental demand and rising rents make this the right market, and this property delivers the returns.
Located in Cleveland's established Lee-Miles corridor under 15 minutes from both Cleveland Clinic and University Hospitals, two of the largest employers in Northeast Ohio, this property sits in the heart of consistent rental demand driven by thousands of healthcare workers seeking quality affordable housing close to work.
Two updated studio units are currently leased at $700 each through May 2027. The third upper unit is vacant and rent-ready, with neighborhood demand supporting up to $1,200 per month, bringing potential gross monthly income to $2,600 at an incredibly affordable price point.
All three units feature new windows, updated baths, and new flooring. All three furnaces are under 5 years old and the roof is new. Both main floor units have private basement access with washer and dryer hookups. The upper unit includes its own in-unit washer and dryer. Tenants pay electric and the owner covers only water and sewer. On site parking is available for convenience.
Fully updated, income producing and priced to move. Schedule your showing today.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Driveway, On Site
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 141-09-099
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Theresa M Seese • McDowell Homes Real Estate Services • Theresa@sellwithseese.com, 216-666-1411