$365,000

Estimated payment $2,351/month

Total Views 467
5 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Shops
  • Forced Air Heating and Cooling System
  • 5-minute walk to Tony Brush Park

About This Home

Turnkey Triplex in the Heart of Little Italy | Income-Generating Opportunity Located in one of Cleveland’s most sought-after neighborhoods, this updated triplex offers a rare blend of stable income and flexible use. Two units are currently leased through 2027, providing reliable cash flow, while the third unit will be available in May, ideal for an owner-occupant or rental opportunity. Purchased as a duplex and converted to a triplex, including a brand new kitchenette. All units feature private entrances and their own appliances, including in-suite laundry. The first floor offers two 1-bedroom units, one of which is partially furnished. The second floor features a spacious 3-bedroom unit that is also partially furnished. The property has been updated with newer HVAC, electrical, plumbing, hot water tank, and modernized kitchens, bathrooms, and flooring, helping to keep maintenance costs low. Well maintained inside and out. Positioned just steps from the vibrant core of Little Italy, you are within walking distance to restaurants, shopping, and cultural attractions, with close proximity to Case Western Reserve University, University Hospitals, Cleveland Clinic, and University Circle. The available unit is a peaceful, centrally located 1-bedroom, 1-bath suite, well suited for medical students, traveling healthcare professionals, or visiting specialists. It features a kitchenette with refrigerator, microwave, and cooktop. Easy access to the RTA and HealthLine makes commuting simple without a vehicle, and street parking is available. Whether expanding your portfolio or seeking a live-and-earn opportunity, this Little Italy triplex offers location, stability, and versatility.

Listing Agent

Jennifer Galletti

McDowell Homes Real Estate Services Brokerage Email: jennifergalletti@mcdhomes.com, 216-808-0494 License #2016005385 Listed on: 03/18/2026

McDowell Homes Real Estate Services

Co-Listing Agent

Jeffrey Resnick

McDowell Homes Real Estate Services Brokerage Email: jennifergalletti@mcdhomes.com, 216-808-0494 License #2015005596

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,800

Year Built

  • Built in 1900

Parking

  • On-Street Parking

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • 1,664 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 120-31-030

Community Details

Overview

  • T Spencer Knights Allotment Subdivision

Amenities

  • Shops
  • Restaurant

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,800

Year Built

Built in 1900

Lot Details

1,664 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1900
  • Attribution Contact: jennifergalletti@mcdhomes.com, 216-808-0494
  • Co List Office Phone: 440-205-2000
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: T Spencer Knights Allotment
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2025
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 2

Exterior Features

  • Roof: Asphalt
  • Acres: 0.0382
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street

Utilities

  • LaundryFeatures: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Restaurant, Shopping, Street Lights, Sidewalks

Schools

  • Junior High Dist: East Cleveland CSD - 1812

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 120-31-030

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 4800.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,800 $71,750 $12,320 $59,430
2024 $4,798 $71,750 $12,320 $59,430
2023 $3,392 $43,760 $10,050 $33,710
2022 $3,373 $43,750 $10,045 $33,705
2021 $3,342 $43,750 $10,050 $33,710
2020 $4,069 $46,060 $9,140 $36,930
2019 $3,769 $131,600 $26,100 $105,500
2018 $3,757 $46,060 $9,140 $36,930
2017 $2,806 $33,190 $7,530 $25,660
2016 $2,785 $33,190 $7,530 $25,660
2015 $2,291 $33,190 $7,530 $25,660
2014 $2,291 $27,200 $6,160 $21,040
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2026 03/18/26 For Sale $365,000 +4.3% --
10/15/2024 10/15/24 Sold $350,000 -12.3% $114 / Sq Ft View Prior Sale
08/19/2024 08/19/24 Pending -- -- --
07/27/2024 07/27/24 Price Changed $399,000 -11.3% $130 / Sq Ft
07/02/2024 07/02/24 For Sale $449,900 -- $146 / Sq Ft
Source: MLS Now

Source: MLS Now

MLS Number: 5194293

MLS Now

APN: 120-31-030

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