1522 E 47th Street
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$134,900

1522 E 47th Street
Cleveland, OH 44103
Listed by Michael T Arko · Keller Williams Greater Metropolitan
Bedrooms
5
Bathrooms
3
Living area
N/A
Year built
1900

About this home

Turnkey investment opportunity in one of Cleveland's strongest rental markets! This fully rent-ready triplex offers immediate income with significant upside. The first-floor unit is currently leased at $1,000 per month on a month-to-month basis, providing instant cash flow while allowing the next owner flexibility to adjust rents or occupancy as desired. The two additional one-bedroom, one-bathroom units are vacant, move-in ready, and primed for immediate leasing, giving investors the opportunity to quickly increase monthly income. Whether you're looking to expand your rental portfolio or purchase your first multifamily investment, this is a true plug-and-play opportunity with minimal upfront work required. All three units are in rent-ready condition, allowing you to focus on maximizing returns instead of renovations. Conveniently located near Downtown Cleveland, University Circle, the Cleveland Clinic, and major highways, this property benefits from strong rental demand and excellent long-term investment potential. Don't miss your chance to own a cash-flowing asset with immediate value-add through leasing the vacant units.

Property details

MLS #
5232672
Property type
Triplex
Subdivision
Alexander Mcintoshs
Status
Active
Days on market
4
On market date
July 31, 2026
Stories
2
Garage spaces
3
Lot size
0.1282 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter
East Preparatory Academy
0.17 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
203
Student:teacher ratio
22.6:1
District
East Preparatory Academy
Middle
Roxboro Middle School
3.78 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
581
Student:teacher ratio
11.9:1
District
Cleveland Heights-University Heights City
High
Design Lab @ Health Careers
0.69 mi away · Grades 10-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
103
Student:teacher ratio
11.4:1
District
Cleveland Municipal

Mortgage calculator

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Est. monthly payment
$962/mo
$26,980 down
$107,920 loan
Principal & interest$700
Property tax (est.)$112
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 21 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.