$350,000
About this home
Excellent investment opportunity in Cleveland’s desirable Ohio City neighborhood! This unique property features three rental units across two separate buildings on one parcel, offering an attractive combination of established rental income and long-term investment potential. The front building is a spacious duplex (2,700 sq ft) featuring two large 2-bedroom, 1-bathroom units, currently rented for $1,050 and $1,129 per month. The rear single family (1,080 sq ft) is a detached 2-bedroom, 1-bathroom currently rented for $1,200 per month. All of the tenants are long term on month to month leases rented through Section 8. Together, the three units generate $3,379 in monthly rental income, or $40,548 annually! All three units are Lead Free Certified through the City of Cleveland, providing an additional benefit for investors. Conveniently located within walking distance of the new 60-unit Hub 27 development to begin leasing in Spring 2027. The surrounding area is also positioned for additional investment, with developers proposing future grocery, senior housing, and other commercial projects! Whether you're expanding an existing rental portfolio or seeking a multifamily investment in one of Cleveland’s established urban neighborhoods, this property offers immediate rental income, a versatile two-building configuration, and proximity to exciting neighborhood redevelopment.
Property details
- MLS
- NOWDD
- MLS #
- 5254724
- Property type
- Triplex
- Subdivision
- E Ackleys Surv
- Status
- Active
- Days on market
- N/A
- On market date
- October 20, 2026
- Stories
- 2
- Total bathrooms
- 3
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.0996 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 407
- Student:teacher ratio
- 13.6:1
- District
- Cleveland Municipal
- Enrollment
- 74
- Student:teacher ratio
- 37.0:1
- District
- Constellation Schools: Stockyard Community Middle
- Enrollment
- 371
- Student:teacher ratio
- 14.8:1
- District
- Cleveland Municipal
Walkability
Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Cleveland, from live MLS data.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 18 hr 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.