Fully leased triplex in South Euclid producing $4,250/month in gross rent ($51,000/year). Three units: two 3-bedroom/1-bath units and one 1-bedroom/1-bath unit, all currently rented. Tenants pay their own electric and gas, keeping owner expenses low. A strong opportunity for an investor seeking immediate cash flow or an owner-occupant looking to offset a mortgage with rental income. Convenient location near shopping, dining, and major routes, with easy access to Cleveland Heights, Beachwood, University Circle, Cleveland Clinic, and University Hospitals. Rent roll and leases available to qualified buyers. Tenant-occupied; showings by appointment with proper notice.
Multi-familyProperty Type
1893Year Built
0.48 acresLot Size
$105Price/Sq.Ft.
Listed by Mona Bhatia• Keller Williams Chervenic Rlty
Listed by Nicholas Papas• Keller Williams Chervenic Rlty
Attention Investors! Current owner looking to liquidate. Amazing CAP Rate! - Don't miss out on this incredible opportunity! Fully updated and lawful triplex with Certificate of Occupancy issued March 2024 is Violation Free and located in a highly desirable area. .. A dream come true for Investors or an Owner Occupancy. The property was gut renovated and boasts all-new features, including new floors, new carpets, new tiling, new walls, new rough and new finish electrical (including new panel boxes and sub-panels in each unit), plumbing and 3 independent HVAC units, new kitchens and appliances, new bathrooms, new doors and more. All three units are rented out. The first floor unit features three bedrooms and one bathroom. The second floor unit is also a three bedroom one bathroom. The third floor unit is one/two bedroom and one bathroom. A convenient laundry area for all three units is located in the basement. The property sits on an expansive wooded lot nearly 500 feet deep, perfect for relaxation, and features an extra-large gravel driveway and parking pad that can accommodate multiple cars. Located near universities, colleges, medical centers, and highways, this property is in a prime area for easy rentals. Don't let this opportunity slip away - it won't last long!
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 96° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
South Euclid, OH • 44121
Average low and high temperatures (°F)
28
16
36
22
54
34
63
43
66
50
79
63
84
68
79
62
76
56
65
48
50
38
38
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
61/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.7 hrs
3.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1588 S Green Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $219,900 and $275,500.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $220K to $276K.