8 Beds
3 Baths
3,200 sqft
$179,000
3518 E 153rd Street, Cleveland OH, 44120
Price per sqft$55.94
Built in1926
Property size3,200 sqft
Property typeMulti-family
Overview
Active
Listed Nov 11, 2026
Updated 1h ago
Excellent Investment Opportunity! This spacious triplex that offers an outstanding opportunity for seasoned investors looking to expand their portfolios, maximize rental income, & build long-term equity! Featuring three generously sized units, numerous major mechanical upgrades, & strong rental potential, this property is ready for its next chapter!
Units 1 & 2 each feature 3 bedrooms & 1 full bathroom, while Unit 3 offers 2 bedrooms & 1 full bathroom. Each unit provides a spacious living room, functional kitchen with an adjoining dining area, creating comfortable & practical living spaces for tenants. The basement offers additional storage & potential for future improvements, plus a detached 2-car garage.
Major recent improvements include a brand-new roof, new furnaces, & new hot water tanks, helping reduce concerns about significant near-term capital expenditures. Additional highlights include newer windows, central AC, & separate electric meters.
With estimated market rents of $1,200/mo for Units 1 & 2, & $800/mo for Unit 3, this property offers a potential combined gross rental income of $3,200/mo!
Conveniently located in the Cleveland area, near the Nature Center at Shaker Lakes, John Carroll University, & Cuyahoga Community College (Tri-C) Eastern Campus. The property also offers access to I-271 & I-480, providing connections to surrounding communities, employment centers, & everyday destinations. Shopping, restaurants, schools, parks, public transportation, & other local amenities.
Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! With substantial mechanical updates, versatile unit layouts, & attractive income potential, this triplex presents an excellent opportunity to generate rental revenue & build long-term value. Schedule your showing today! No wholesalers. No Seller financing. No low ball offers.
$1,191/mo
Est. mortgage payment based on a $179,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5260130
Interior Features
- Bedrooms
- 8
- Bathrooms
- 3
- Cooling
- Yes
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.14 Acres
Other Property Details
- Taxes
- $1,171
- Tax Frequency
- Annually
- Garage
- Yes
- Municipality
- Cleveland
Courtesy of RE/MAX Haven Realty
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Christopher Wertz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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