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Active
  • Price cut: $5K (8/26)
    $155,000

    1382 E 188th St, Cleveland, OH 44110

    5beds
    3,970sqft
    : 
    $1,228/mo
    Get pre-qualified
    Triplex, Multi Family
    Built in 1962
    -- sqft lot
    $-- Zestimate®
    $39/sqft
    $-- HOA

    What's special

    Detached garageClassic architectural charmFunctional layoutsLarge covered front porchesOff-street parkingAmple yard spaceHardwood flooring
    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.
    47 days
    204
    17

    Zillow last checked:

    Listing updated:

    Listed by:

    Mark A McGuire 216-712-8382 markmcguire@parkviewrg.com,

    Parkview Realty Group Ltd

    Source: MLS Now,MLS#: 5222074MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Forced Air, Gas
      Cooling
      • None
      Appliances
      • Laundry: Common Area
      Features
      • Basement: Full
      Interior area
      • Total structure area: 3,970
      • Total interior livable area: 3,970 sqft
      • Finished area above ground: 2,838
      • Finished area below ground: 1,132

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached, Garage, Unpaved
      • Garage spaces: 2
      Features
      • Levels: Three Or More
      • Stories: 3
      Lot
      • Size: 6,721 Square Feet
      Details
      • Parcel number: 11632049

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Multi Family
      Materials
      • Wood Siding
      • Roof: Asphalt,Fiberglass
      Condition
      • Year built: 1962

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: C M Mixs
      Location
      • Region: Cleveland

      Financial & listing details

      • Price per square foot: $39/sqft
      • Tax assessed value: $80,000
      • Annual tax amount: $1,874
      • Date on market: 7/18/2026
      • Cumulative days on market: 48 days
      • Listing terms: Cash,Conventional,FHA,VA Loan

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/26/2026Price change$155,000-3.1%$39/sqft
        Source: MLS Now #5222074 Report a problem
        7/18/2026Listed for sale$160,000+16.4%$40/sqft
        Source: MLS Now #5222074 Report a problem
        7/25/2023Listing removed--
        Source: MLS Now #4431701 Report a problem
        2/23/2023Listed for sale$137,500+76.3%$35/sqft
        Source: MLS Now #4431701 Report a problem
        8/23/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        7/24/2022Listed for rent$850
        Source: Zillow Rental Manager Report a problem
        2/22/2021Sold$78,000+8.3%$20/sqft
        Source: Public Record Report a problem
        1/16/2021Pending sale$72,000$18/sqft
        Source: MLS Now #4249262 Report a problem
        1/12/2021Listed for sale$72,000+6.7%$18/sqft
        Source: Howard Hanna #4249262 Report a problem
        8/10/2020Sold$67,500+12.5%$17/sqft
        Source: MLS Now #4200759 Report a problem
        7/14/2020Pending sale$60,000$15/sqft
        Source: Howard Hanna - Cleveland Heights #4200759 Report a problem
        6/27/2020Listed for sale$60,000$15/sqft
        Source: Howard Hanna #4200759 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,874 +0%$28,000
        2024$1,873 +2.2%$28,000 +18.5%
        2023$1,832 +0.6%$23,630
        2022$1,822 +1.9%$23,630
        2021$1,787 +10.6%$23,630 +27.9%
        2020$1,616 +3.8%$18,480
        2019$1,557 +4.5%$18,480
        2018$1,491 +3.1%$18,480 +6.8%
        2017$1,446 -3.9%$17,300
        2016$1,505 +4.9%$17,300
        2015$1,434 -13.4%$17,300 -13%
        2014$1,656 +1.8%$19,890
        2013$1,627 +3%$19,890
        2012$1,580 +929.8%$19,890 -21%
        2011$153 +0.2%$25,170
        2010$153 -89.9%$25,170
        2009$1,520 -12.1%$25,170 -16.4%
        2008$1,730 +3.3%$30,100
        2007$1,674 -9%$30,100 -9.1%
        2006$1,841 +7.7%$33,110 +13.4%
        2005$1,709 +1.2%$29,200
        2004$1,690 +1.1%$29,200
        2003$1,672 +10.8%$29,200 +9.8%
        2002$1,509 -41.9%$26,600
        2001$2,599 +4.5%$26,600
        2000$2,487 $26,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: South Collinwood

        Getting around

        39 / 100
        Car-Dependent
        40 / 100
        Some Transit
        40 / 100
        Somewhat Bikeable

        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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