$150,000
About this home
NEW REDUCED PRICE! ATTENTION INVESTORS! AFFORDABLE TRIPLEX WITH EXCELLENT INCOME POTENTIAL NEAR UNIVERSITY CIRCLE & WADE PARK! Fantastic opportunity to expand your investment portfolio with this spacious, nicely updated three-family property located near major universities, hospitals, and ongoing redevelopment! Situated in a high-demand rental corridor just minutes from University Circle's educational and medical campuses, this property offers convenient access to major employment centers, shopping, dining, and neighborhood amenities. Each of the three units features 2 bedrooms and 1 full bathroom with comfortable, functional layouts. The third-floor unit is currently tenant-occupied, with a tenant who would like to remain, while the first- and second-floor units are vacant and rent-ready, providing an excellent opportunity to generate additional rental income or explore owner-occupancy options! Numerous valuable improvements have already been completed, including updated furnaces, hot water tanks, electrical systems, and a flat roof installed in 2018. Separate metering provides added convenience for utility management and operating efficiency. Investors will appreciate the flexibility of an existing tenant combined with two available units, offering the potential to increase rental income and maximize returns. Located on a quiet street near University Circle and Wade Park, this property offers an attractive combination of affordability, location, improvements, and long-term investment potential. Don't miss this opportunity to acquire a multifamily property in an active redevelopment area! IMPORTANT: Do not disturb third-floor tenant. Only first- and second-floor units may be shown prior to an accepted offer. Third-floor unit may be shown after an accepted offer. No wholesalers, contract assignments, or owner financing. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase.
Property details
- MLS
- NOWDD
- MLS #
- 5255965
- Property type
- Triplex
- Subdivision
- Superior Park
- Status
- Active
- Days on market
- 1
- On market date
- October 25, 2026
- Stories
- N/A
- Total bathrooms
- 3
- Garage spaces
- 1
- Parking spaces
- N/A
- Lot size
- 0.101 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
- 420
- Student:teacher ratio
- 17.5:1
- District
- Citizens Leadership Academy
- Enrollment
- 339
- Student:teacher ratio
- 14.1:1
- District
- East Cleveland City School District
- Enrollment
- 560
- Student:teacher ratio
- 15.6:1
- 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.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 1 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.