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.
Active
$134,900
1522 E 47th St, Cleveland, OH 44103
5beds
--sqft
Triplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 39 days
- 391
- 42
Zillow last checked:
Listing updated:
Listed by:
Michael T Arko 440-520-4270 mikearko@kw.com,
Keller Williams Greater Metropolitan
Source: MLS Now,MLS#: 5232672
Originating MLS: Akron Cleveland Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- None
Features
- Basement: Common Basement,Crawl Space
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage
- Garage spaces: 3
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,584 Square Feet
Details
- Parcel number: 10424046
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Other
- Roof: Asbestos Shingle
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Alexander Mcintoshs
Location
- Region: Cleveland
Financial & listing details
- Tax assessed value: $30,400
- Annual tax amount: $712
- Date on market: 7/31/2026
- Cumulative days on market: 40 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Listed for sale | $134,900+1698.7% |
Source: | ||
| 5/1/2012 | Sold | $7,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $712 +0% | $10,640 |
| 2024 | $711 -13.7% | $10,640 |
| 2023 | $825 +0.6% | $10,640 |
| 2022 | $820 +0.9% | $10,640 |
| 2021 | $812 +0.2% | $10,640 +16% |
| 2020 | $811 -48.3% | $9,170 |
| 2019 | $1,569 +319.1% | $9,170 |
| 2018 | $374 -91.7% | $9,170 -5.2% |
| 2017 | $4,502 +53.7% | $9,670 |
| 2016 | $2,930 +4.5% | $9,670 |
| 2015 | $2,804 +62.6% | $9,670 +3% |
| 2014 | $1,725 +121.8% | $9,390 |
| 2013 | $778 +2.9% | $9,390 |
| 2012 | $756 -8% | $9,390 -30.5% |
| 2011 | $821 +0.2% | $13,510 |
| 2010 | $820 -41.3% | $13,510 |
| 2009 | $1,395 -36.1% | $13,510 -12.1% |
| 2008 | $2,182 +158.8% | $15,370 |
| 2007 | $843 +0.1% | $15,370 |
| 2006 | $842 +14.4% | $15,370 +22.3% |
| 2005 | $736 -3.7% | $12,570 |
| 2004 | $764 +6.1% | $12,570 |
| 2003 | $720 +9.2% | $12,570 +8.2% |
| 2002 | $660 -41.9% | $11,620 |
| 2001 | $1,135 +4.5% | $11,620 |
| 2000 | $1,086 | $11,620 |
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.Climate risks
Neighborhood: Goodrich-Kirkland Park
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.




