About This Home

This 5-bedroom, 3-bathroom multi-family at 1522 E 47th Street in Cleveland, OH is listed for $134,900. Built in 1900, on a 0.13 acres lot.

Key Features

  • Built in 1900
  • 0.13 acre lot
  • 2 stories

Property Details

2 stories
3 full
1900
Listing Description

Turnkey investment opportunity in one of Cleveland's strongest rental markets! This fully rent-ready triplex offers immediate income with significant upside. The first-floor unit is currently leased at $1,000 per month on a month-to-month basis, providing instant cash flow while allowing the next owner flexibility to adjust rents or occupancy as desired.

The two additional one-bedroom, one-bathroom units are vacant, move-in ready, and primed for immediate leasing, giving investors the opportunity to quickly increase monthly income. Whether you're looking to expand your rental portfolio or purchase your first multifamily investment, this is a true plug-and-play opportunity with minimal upfront work required.

All three units are in rent-ready condition, allowing you to focus on maximizing returns instead of renovations. Conveniently located near Downtown Cleveland, University Circle, the Cleveland Clinic, and major highways, this property benefits from strong rental demand and excellent long-term investment potential. Don't miss your chance to own a cash-flowing asset with immediate value-add through leasing the vacant units.

Monthly Cost Estimate

$721/mo

20% down · 6.5% · 30 years

Principal$98
Interest$585
Insurance$39

Estimates only. Actual payments may vary.

Location

1522 E 47th Street

Cleveland, OH 44103

Alexander Mcintoshs

Property Details

Parking

Garage

Heating

Forced Air

Questions & Answers

This 5-bedroom, 3-bathroom multi-family at 1522 E 47th Street is listed at $134,900. The estimated monthly payment is $721 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.13 acre lot, 2 stories.

This property is listed by Michael T Arko and can be reached at 4405204270.

MA

Michael T Arko

Agent at Keller Williams Greater Metropolitan

(440) 520-4270

Listed by Keller Williams Greater Metropolitan · View on Broker Site

MLS# 5232672· Source: listhub· 1 day on market

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1522 E 47th Street, Cleveland, OH 44103

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