$125,000
SOLD JUL 16, 2025
5 Beds
3 Baths
2,500 Sq Ft
3,964 Sq Ft Lot

Recently Sold

$50 Per Sq Ft

24% Below List Price

44 Days on Market

Highlights

  • Medical Services
  • Laundry Facilities
  • Wood Siding
  • Forced Air Heating System

About This Home

As of July 2025

Great investment property in the Waterloo district close to downtown Cleveland which can collect $2350 per month or more. This Triplex was updated in 2024 including new floors, new paint, some new windows, new fridge and stove and a new furnace for the second-floor unit. This unit is vacant and can be rented out for $1000.
The updates on the third floor include newer floors, fresh paint, new kitchen cabinets and appliances, new windows, new water tank and baseboard heaters and is rented for $750 month-to-month.
The first-floor unit is occupied by a long-term tenant (who wants to stay) and may need some updates when he is moving out. Current rent $600 month-to-month.
The vacant unit on the second floor and the basement are easy to show and the occupied units can be shown after an accepted offer.

Last Agent to Sell the Property

Michael Ferrante

LPT Realty Brokerage Email: info@21mike.com 216-373-7727 License #2019005741 Listed on: 05/07/2025

Last Buyer's Agent

Saundra Clay

Key Realty License #2024004408

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,706

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 3,964 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Block Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,500 Sq Ft Home
  • 3-Story Property
  • Basement
  • Laundry in Basement
  • Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 112-21-058

Community Details

Overview

  • Lake Shr Blvd Sub/J Laron Subdivision

Amenities

  • Medical Services
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,706

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1920
  • Attribution Contact: info@21mike.com 216-373-7727
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Lake Shr Blvd Sub/J Laron
  • Above Grade Finished Sq Ft: 2500.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Reso Property Condition: Updated/Remodeled
  • Tax Year: 2024
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Appliances: Range, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt
  • Acres: 0.091
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Foundation Details: Block

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway

Utilities

  • LaundryFeatures: Washer Hookup, Electric Dryer Hookup, In Basement
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Laundry Facilities, Medical Service, Sidewalks

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 112-21-058

Rental Info

  • Owner Pays: Sewer, Water
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 1706.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2025 07/16/25 Sold $125,000 -10.1% $50 / Sq Ft
06/20/2025 06/20/25 Pending -- -- --
06/13/2025 06/13/25 Price Changed $139,000 -6.7% $56 / Sq Ft
05/28/2025 05/28/25 Price Changed $149,000 -5.1% $60 / Sq Ft
05/20/2025 05/20/25 Price Changed $157,000 -4.3% $63 / Sq Ft
05/07/2025 05/07/25 For Sale $164,000 -- $66 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

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
2024 $1,662 $24,850 $4,935 $19,915
2023 $993 $12,810 $1,750 $11,060
2022 $987 $12,810 $1,750 $11,060
2021 $978 $12,810 $1,750 $11,060
2020 $993 $11,240 $1,540 $9,700
2019 $920 $32,100 $4,400 $27,700
2018 $1,299 $11,240 $1,540 $9,700
2017 $1,696 $20,060 $1,580 $18,480
2016 $1,683 $20,060 $1,580 $18,480
2015 $5,071 $20,060 $1,580 $18,480
2014 $5,071 $23,070 $1,820 $21,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5120195

MLS Now

APN: 112-21-058