$135,000
About this home
This newly updated duplex is a fantastic opportunity for investors looking for a vacant, rent-ready property with strong income potential in Cleveland! The lower unit has 2 bedrooms and 1 full bathroom, meanwhile the upper unit has 3 bedrooms and 1 full bathroom. Each unit features a functional layout with a spacious living room, a practical kitchen, and an adjoining dining area. The shared basement provides additional storage space and potential for future value-add improvements. With both units currently vacant, the new owner has the flexibility to place their own tenants, establish new lease terms, and begin building rental income right away. Each unit has an estimated market rent of approximately $1,000 per month, providing a potential combined gross rental income of $2,000 per month once fully occupied. Conveniently located in Cleveland with easy access to I-90 and just minutes from Humphrey Park, the property is well positioned near major roadways, public transportation, shopping, schools, parks, restaurants, and other everyday amenities. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Whether you’re looking to expand an existing rental portfolio or secure your next income-producing property, 477 E 148th St offers an excellent combination of recent updates, vacancy, rental potential, and convenient location! Schedule your showing today! No wholesalers. No Seller financing. No low ball offers.
Property details
- MLS
- NOWDD
- MLS #
- 5239597
- Property type
- Duplex
- Subdivision
- Lake Shore Blvd Sub
- Status
- Active
- Days on market
- 10
- On market date
- August 25, 2026
- Stories
- 2
- Total bathrooms
- 2
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.0917 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
- 412
- Student:teacher ratio
- 14.7:1
- District
- Cleveland Municipal
- Enrollment
- 339
- Student:teacher ratio
- 14.1:1
- District
- East Cleveland City School District
- Enrollment
- 317
- Student:teacher ratio
- 13.8:1
- 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). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.
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 24 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.