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    • Price cut: $5.4K (6/25)
    $134,500

    1602 Hillcrest Rd, East Cleveland, OH 44118

    5beds
    4,529sqft
    : 
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    Triplex, Multi Family
    Built in 1919
    -- sqft lot
    $-- Zestimate®
    $30/sqft
    $-- HOA

    What's special

    Newer furnacesFreshly seal-coated drivewayNewer breaker boxes
    Amazing opportunity for a fully occupied, remodeled triplex on the Cleveland Heights border. Many updates, including newer breaker boxes, newer H2O tanks, Newer furnaces, freshly seal-coated driveway, plus more. All separate utilities, tenants pay their own electric and gas, owner pays water and sewer. 2nd floor tenant has been there 10 years and rent could be raised. Will be city point of sale violation-free. Over 11 cap rate at current rent, and room to grow.
    254 days
    |
    356
    |
    24
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Daniel A Perelman 216-780-0413 dandantherealestateman@gmail.com,

    Platinum Real Estate

    Source: MLS Now,MLS#: 5165597MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Forced Air
      Cooling
      • None
      Appliances
      • Laundry: In Basement
      Features
      • Basement: Full,Storage Space,Unfinished
      Interior area
      • Total structure area: 4,529
      • Total interior livable area: 4,529 sqft
      • Finished area above ground: 3,235
      • Finished area below ground: 1,294
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached, Garage, Off Street
      • Garage spaces: 2
      Features
      • Levels: Three Or More
      • Stories: 3
      • Exterior features: Private Yard
      • Fencing: Partial
      • Has view: Yes
      • View description: City
      Lot
      • Size: 5,000 Square Feet
      • Features: City Lot
      Details
      • Parcel number: 67227044

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Multi Family
      Materials
      • Frame, Wood Siding
      • Roof: Asphalt,Fiberglass
      Condition
      • Year built: 1919

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      Location
      • Region: East Cleveland

      Financial & listing details

      • Price per square foot: $30/sqft
      • Tax assessed value: $94,700
      • Annual tax amount: $2,126
      • Date on market: 10/17/2025
      • Cumulative days on market: 241 days
      • Listing terms: Cash,Conventional,Owner Will Carry,Owner May Carry,Private Financing Available
      • Tenant pays: Electricity, Gas

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/25/2026Price change$134,500-3.9%$30/sqft
        Source: MLS Now #5165597 Report a problem
        6/12/2026Price change$139,900-3.5%$31/sqft
        Source: MLS Now #5165597 Report a problem
        5/19/2026Price change$145,000-1.7%$32/sqft
        Source: MLS Now #5165597 Report a problem
        4/17/2026Price change$147,500-1.6%$33/sqft
        Source: MLS Now #5165597 Report a problem
        3/31/2026Price change$149,900-1.7%$33/sqft
        Source: MLS Now #5165597 Report a problem
        3/3/2026Price change$152,500-1.6%$34/sqft
        Source: MLS Now #5165597 Report a problem
        1/16/2026Price change$155,000-8.8%$34/sqft
        Source: MLS Now #5165597 Report a problem
        12/2/2025Price change$169,900-2.9%$38/sqft
        Source: MLS Now #5165597 Report a problem
        11/18/2025Price change$175,000-2.7%$39/sqft
        Source: MLS Now #5165597 Report a problem
        11/6/2025Listed for sale$179,900$40/sqft
        Source: MLS Now #5165597 Report a problem
        10/23/2025Pending sale$179,900$40/sqft
        Source: MLS Now #5165597 Report a problem
        10/17/2025Listed for sale$179,900+190.2%$40/sqft
        Source: MLS Now #5165597 Report a problem
        12/17/2024Sold$62,000$14/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,006 +20.3%$33,150 +66.8%
        2023$1,667 +0.3%$19,880
        2022$1,662 +0.9%$19,880
        2021$1,647 +0.4%$19,880 +9%
        2020$1,641 -32.3%$18,240
        2019$2,423 +27.9%$18,240
        2018$1,894 -87.1%$18,240 -16%
        2017$14,637 +11.9%$21,710
        2016$13,075 +2.5%$21,710
        2015$12,755 +29.2%$21,710 -14.9%
        2014$9,870 +32.3%$25,520
        2013$7,460 +25.8%$25,520
        2012$5,929 +42.7%$25,520 -14%
        2011$4,154 +89.1%$29,690
        2010$2,196 +6.3%$29,690
        2009$2,066 -5.7%$29,690 -12%
        2008$2,190 +1.1%$33,750
        2007$2,165 +4.4%$33,750
        2006$2,074 +5.1%$33,750 +12.2%
        2005$1,972 +1.6%$30,070
        2004$1,942 +3.3%$30,070
        2003$1,880 +3.5%$30,070 +7.5%
        2002$1,816 -48.2%$27,970
        2001$3,505 $27,970
        2000$3,505 $27,970

        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.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 44118

          Getting around

          69 / 100
          Somewhat Walkable
          39 / 100
          Some Transit
          55 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: East Cleveland CSD - 1812

          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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