1382 E 188th ST, Cleveland, OH 44110
1382 E 188th ST, Cleveland, OH 44110
1382 E 188th ST, Cleveland, OH 44110
37
See all 37 photos
$160,000
Est. payment /mo
Save
5 Beds
3 Baths
3,970 SqFt
New

1382 E 188th ST Cleveland, OH 44110

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,970 sqft

Price per Sqft $40

Subdivision C M Mixs

MLS Listing ID 5222074

Bedrooms 5

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,838

Year Built 1962

Annual Tax Amount $1,874

Tax Year 2025

Lot Size 6,721 Sqft

Acres 0.1543

Property Sub-Type Triplex

Stories Three Or More

Story Three Or More

Property Description

Great investment opportunity with immediate cash flow! This fully occupied triplex offers three income-producing units plus additional garage rental income, making it an excellent addition to any investment portfolio. The property features two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing a desirable unit mix with strong rental demand. Current rents are $950/month for the first 2-bedroom unit, $675/month for the 1-bedroom unit, and $590/month for the second 2-bedroom unit, which is occupied by a long-term tenant paying below-market rent. The detached garage generates an additional $125/month as storage rental, creating multiple income streams with upside potential through future rent adjustments.
The property offers separate living spaces with functional layouts, updated bathrooms in select units, spacious kitchens, hardwood flooring, and classic architectural charm. Tenants also enjoy large covered front porches, ample yard space, and off-street parking with a detached garage. Separate utility meters further enhance the property's investment appeal. Conveniently located on Cleveland's east side near shopping, dining, schools, parks, public transportation, and major highways, this is a turnkey opportunity for investors seeking stable rental income today with room to increase future returns. Whether you're expanding your portfolio or purchasing your first multifamily investment, this fully occupied triplex delivers immediate income and long-term potential.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Laundry Common Area

Exterior

Parking Features Detached, Garage, Unpaved

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 116-32-049

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan


IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Mark A McGuire • Parkview Realty Group Ltd • markmcguire@parkviewrg.com, 216-712-8382

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Samantha Welch

Samantha Welch

Agent | OH | License ID: C2010001984

+1(740) 238-1838

Name
Phone*
Message

Go tour this home

1382 E 188th ST