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  • $275,000

    12002 Paul Ave, Cleveland, OH 44106

    5beds
    2,536sqft
    Triplex, Multi Family
    Built in 1900
    -- sqft lot
    $296,500 Zestimate®
    $108/sqft
    $1,152 Estimated rent

    Home value

    $296,500

    $282,000 - $311,000

    $1,152/mo

    Zestimate® history
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    $1,152/mo

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    $1,919/mo

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    $1,919/mo

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    What's special

    Investor Special in the Heart of Little Italy! Rare opportunity to own a 3 unit multifamily property in one of Cleveland’s most sought-after and culturally rich neighborhoods. Located just steps from the renowned restaurants, bakeries, galleries, and nightlife of Little Italy, this property offers exceptional upside for investors or owner occupants looking to add value. The building is in need of renovation, making it a blank canvas for the savvy buyer with vision. With strong rental demand in the area and proximity to University Circle, Cleveland Clinic, Case Western Reserve University, and public transit, this is an ideal candidate for a value add strategy, long term hold, or potential short term rental (buyer to perform due diligence). Opportunities like this in Little Italy do not come around often. Bring your contractor, design your plan, and unlock the full potential of this income producing gem in a prime location. Property is being sold AS IS.

    Zillow last checked:

    Listing updated:

    Listed by:

    Diane Weseloh 216-538-8603 arizzo@kw.com,

    Keller Williams Elevate,

    Ashley Rizzo 216-538-8603,

    Keller Williams Elevate

    Bought with:

    Sophie Boehlen, 2023005046

    Premier Heights Realty LLC

    Amelie Koski, 2025007367

    Premier Heights Realty LLC

    Source: MLS Now,MLS#: 5187300MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Forced Air, Gas
    Cooling
    • Central Air
    Features
    • Basement: Unfinished
    Interior area
    • Total structure area: 2,536
    • Total interior livable area: 2,536 sqft
    • Finished area above ground: 2,536

    Property

    Parking
    • Parking features: Parking Lot
    Features
    • Levels: Three Or More
    • Stories: 3
    Lot
    • Size: 2,613 Square Feet
    • Features: Corner Lot
    Details
    • Parcel number: 12105001

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family
    Materials
    • Brick
    • Roof: Flat
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Little Italy
    Location
    • Region: Cleveland

    Financial & listing details

    • Price per square foot: $108/sqft
    • Tax assessed value: $270,000
    • Annual tax amount: $6,267
    • Date on market: 2/20/2026
    • Cumulative days on market: 10 days
    • Listing terms: Cash,Conventional
    • Tenant pays: Cable TV, Electricity, Gas

    Price history

    DateEventPrice
    3/24/2026Sold$275,000-8.3%$108/sqft
    Source: MLS Now #5187300 Report a problem
    3/2/2026Pending sale$300,000$118/sqft
    Source: MLS Now #5187300 Report a problem
    2/20/2026Listed for sale$300,000$118/sqft
    Source: MLS Now #5187300 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,601 -0.4%$94,500
    2024$5,622 +18.7%$94,500 +33.6%
    2023$4,735 -0.1%$70,740
    2022$4,739 +1%$70,740
    2021$4,694 -3.5%$70,740 +10%
    2020$4,866 -7.5%$64,300
    2019$5,261 +17.2%$64,300
    2018$4,490 +213%$64,300 +148.6%
    2017$1,434 +0.8%$25,870
    2016$1,422 $25,870
    2015$1,422 +36.5%$25,870 +22%
    2014$1,042 +1.7%$21,210
    2013$1,024 +2.9%$21,210
    2012$995 +26.4%$21,210 -1.6%
    2011$787 +0.2%$21,560
    2010$786 +0.8%$21,560
    2009$780 -14.4%$21,560 -12%
    2008$911 +3.8%$24,510
    2007$877 -35.3%$24,510
    2006$1,356 +18.7%$24,510 +25%
    2005$1,142 +1.2%$19,610
    2004$1,129 +1.1%$19,610
    2003$1,117 +19%$19,610 +17.9%
    2002$939 -42.2%$16,630
    2001$1,625 +4.5%$16,630
    2000$1,555 $16,630
    Find assessor info on the county website

    Neighborhood: University District

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Cleveland Municipal - 1809

    Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $296,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $296,500