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.
Active
Price cut: $5K (8/26)
$155,000
1382 E 188th St, Cleveland, OH 44110
5beds
3,970sqft
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
- 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#: 5222074
Originating 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
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Price change | $155,000-3.1%$39/sqft |
Source: | ||
| 7/18/2026 | Listed for sale | $160,000+16.4%$40/sqft |
Source: | ||
| 7/25/2023 | Listing removed | -- |
Source: | ||
| 2/23/2023 | Listed for sale | $137,500+76.3%$35/sqft |
Source: | ||
| 8/23/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/24/2022 | Listed for rent | $850 |
Source: Zillow Rental Manager Report a problem | ||
| 2/22/2021 | Sold | $78,000+8.3%$20/sqft |
Source: Public Record Report a problem | ||
| 1/16/2021 | Pending sale | $72,000$18/sqft |
Source: | ||
| 1/12/2021 | Listed for sale | $72,000+6.7%$18/sqft |
Source: Howard Hanna #4249262 Report a problem | ||
| 8/10/2020 | Sold | $67,500+12.5%$17/sqft |
Source: | ||
| 7/14/2020 | Pending sale | $60,000$15/sqft |
Source: Howard Hanna - Cleveland Heights #4200759 Report a problem | ||
| 6/27/2020 | Listed for sale | $60,000$15/sqft |
Source: Howard Hanna #4200759 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: South Collinwood
Nearby schools
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.






