Vision Sales Team

1615 E 47th Street

Cleveland , OH 44103

MLS#: 5156339

$269,900

Status: Active
Listing number: 5156339
Listing provided by: Premier Heights Realty LLC
Listing agent phone: None
Last update: 12 hours ago
Browse Properties
Alexander Macinthosh Allotment - Residential Income

Property

Beds

7

Full Baths

4

1/2 Baths

None

Year Built

1880

Sq.Footage

2,159

Completely remodeled 3-unit in 44103 has been grossing $3,500/month or $42,000/year! This property EASILY beats the 1% Rule and 10-Cap benchmark. Everything is new, from the roof, siding, vinyl windows, and new concrete parking pads and driveway to all of the mechanicals and interior finishes. There are two 2-bedroom, 1-bath down units, each generating $1K per month. The entire second floor is a 3-bedroom unit with 2 FULL bathrooms and a covered porch. The 3-bedroom unit is currently vacant and listed for rent for $1500, which is what the previous tenant paid. All three kitchens have new cabinets with granite counters and newer stainless steel appliances including fridge/freezer, range, dishwasher and microwave. Each of the three units has Central AC and in unit washers and dryers. Owners pay all utilities and charge tenants a flat monthly fee. Total utility fees were generating $310/month when fully occupied. This will likely increase based on number of occupants who move into Unit 2. LEAD CERTIFICATE valid through April 2027

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    4

  • Above Grade Finished Area

    2159.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Parking

    Driveway, Parking Pad

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.0971

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $269,900

  • Tax Amount

    925.0

  • Sq. Footage

    2, 159

  • Price/SqFt

    $125

HOA

  • Association

    No

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of Sophie Boehlen , Premier Heights Realty LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent TysonHartzler

FOUNDER

TysonHartzler

Call Tyson today to schedule a private showing.

(330) 786-5493

Tyson@visionsalesteam.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Completely remodeled 3-unit in 44103 has been grossing $3,500/month or $42,000/year! This property EASILY beats the 1% Rule and 10-Cap benchmark. Everything is new, from the roof, siding, vinyl windows, and new concrete parking pads and driveway to all of the mechanicals and interior finishes. There are two 2-bedroom, 1-bath down units, each generating $1K per month. The entire second floor is a 3-bedroom unit with 2 FULL bathrooms and a covered porch. The 3-bedroom unit is currently vacant and listed for rent for $1500, which is what the previous tenant paid. All three kitchens have new cabinets with granite counters and newer stainless steel appliances including fridge/freezer, range, dishwasher and microwave. Each of the three units has Central AC and in unit washers and dryers. Owners pay all utilities and charge tenants a flat monthly fee. Total utility fees were generating $310/month when fully occupied. This will likely increase based on number of occupants who move into Unit 2. LEAD CERTIFICATE valid through April 2027

1615 E 47th Street

Message successfully sent.

What would you like to know?

Related Properties

Check out this clean, large 2,827 square foot duplex on the coveted West Boulevard street! Each unit has large living rooms, family rooms and a finished out storage space in the basement. This top unit features 3 bedrooms and 1.5 bathrooms and is rented at $1,200/month on a month to month lease that is due for a rent raise. The bottom unit has 3 bedrooms and 1 bathroom and is currently vacant. The exterior features a large concrete driveway with plenty of parking, vinyl siding, brick foundation, a large front porch. The UP unit has a large open kitchen with plenty of wooden cabinets, stainless steel appliances. The bathroom has tile backsplash, tile flooring and plenty of storage. The DOWN unit has NEW LVP flooring throughout, tile kitchen with a large number of cabinets, matching fixtures, vanities and more. Come check out 3033 West today!
#5136550

Cleveland

3033 West Boulevard

6 Beds

2 Baths

4,050 Sq.Ft.

$275,000

MLS#: 5136550

Here is a GREAT INVESTMENT opportunity to own this all brick, UPDATED quadraplex featuring REQUIRED LEAD SAFE CERTIFICATE and located in the thriving Buckeye-Shaker neighborhood of Cleveland. This property is conveniently located just minutes from Shaker Heights, the Cleveland Clinic, University Hospitals, grocery stores, restaurants and WALKING DISTANCE to PUBLIC TRANSPORTATION! Many new improvements have recently been made including NEW FURNACES, WATER TANKS, ELECTRICAL PANELS AND METERS (2024/25) AND ROOF UPDATES (2025) 4 SPACIOUS, updated apartments including: - TWO bedrooms - One bath - Living room with FIREPLACE AND BALCONY - Formal dining room - One assigned parking space (additional street parking available) 3451 and 3455 E 140th St. are side by side, quads being sold together (8 units total). Cap rate of 15-20%.  Email agent for rent rolls.
#5142375

Cleveland

3455 E 140 Street

8 Beds

4 Baths

4,268 Sq.Ft.

$299,999

MLS#: 5142375

Nestled in the heart of Cleveland's historic Little Italy, this charming vinyl-sided duplex offers both convenience and comfort. The downstairs unit features three spacious bedrooms, large eat in kitchen and access to what could be a nice courtyard which is idea for entertaining. The upstairs unit has 2 bedrooms and a well-appointed bathroom, complemented by in-unit laundry rooms. The property provides both on-street and off-street parking options, catering to various resident needs. One unit is currently occupied, while the other is move-in ready, presenting an excellent opportunity for immediate occupancy or rental income.
#5094816

Cleveland

1913 Coltman Road

4 Beds

2 Baths

2,256 Sq.Ft.

$299,900

MLS#: 5094816

We appraised. We were ready to close and the buyer just disappeared. After 30 days of waiting, his loss is now your gain. This High-yield, turnkey 4-unit property at 6729 Forman Ave was fully renovated less than two years ago with new LVP flooring, modern kitchens and baths, updated mechanicals, and a 2-car garage. This asset is cash flowing now at $2,434/month. Section 8 offers $1129 for 2 bed units in this area, driving the proforma to over $4,400+/month. Expenses run around 40%, keeping your net returns strong, and once fully leased the property projects a cap rate near 20%—rare in today’s market. One vacant unit allows for immediate value-add, without capital investment—simply lease it up and raise rents to market. This brings immediate NOI to @25k/year or a 10.6% cap rate. Mechanicals and electric panels are all less than 2 years old! Tenants pay gas & electric. Recent neighborhood sales at 3893 E 57th ($87,500/unit) and 3620 E 59th ($90,000/unit) show the real upside here. Located in a stable Cleveland neighborhood near employers, transit, shopping, and schools—easy to attract and retain quality tenants. Turnkey, low-maintenance, high yield, and poised for fast appreciation. Opportunities like this don’t last—contact us today for details and a tour.
#5129112

Cleveland

6729 Forman Avenue

8 Beds

4 Baths

N/A

$235,000

MLS#: 5129112

Fully occupied, recently renovated duplex in Cleveland's Hough Neighborhood near Cleveland Clinic Campus. Fully renovated in 2017. Units feature refinished hard wood floors, Granite counter tops, and Stainless Steel appliances. Duplex is occupied by long term tenants currently on month to month leases. Laundry located in basement and there is a paved area for off street parking. Great addition to an investment portfolio or potential owner occupied duplex. Unit finishes are identical in both units. Current gross rent is $2,840.00 per month.
#5151328

Cleveland

1861 E 81st Street

5 Beds

2 Baths

3,456 Sq.Ft.

$249,500

MLS#: 5151328

Charming and versatile Ohio City 2-Story duplex with income potential and downtown views! The highly coveted Gordon Square/Detroit Shoreway community is near plenty of restaurants and other activities. It's also just a short 5-10 minute drive to downtown Cleveland, Ohio City, Tremont, and Lakewood! This well-maintained two-story home offers endless possibilities—ideal for investors, owner-occupants, or those seeking to create their dream single-family residence. Currently configured as a duplex, each floor mirrors the other with 2 bedrooms, 1 full bath, a great room, and a kitchen, making it perfect for rental income or multi-generational living. Enjoy your morning coffee or evening sunsets from the spacious front porches on both levels. Inside, the home features fresh carpet upstairs (2025) and new flooring, carpet, and updated full bath on the main level (2022), giving it a clean and updated feel throughout. Additional highlights include: Complete tear-off and new roof (2014), Whole house new windows (2010), Exterior wall insulation (2016), Exterior paint (2018) City Lead Free Certification (2022), 360 degree 8 camera security system (2017) and many more updates! Large, unfinished attic—ripe for conversion into additional living space, office, or studio. Full unfinished basement with great storage or workshop potential. Expansive fenced backyard, perfect for gardening, entertaining, or pets. Whether you're looking to live in one unit and rent the other, expand into a single-family dream home, or add a strong performer to your rental portfolio, this property is a unique and flexible opportunity you don’t want to miss.
#5130030

Cleveland

5819 Bridge Avenue

4 Beds

2 Baths

1,616 Sq.Ft.

$320,500

MLS#: 5130030

Your opportunity to own a fantastic side-by-side duplex near Metro Hospital generating strong rental income! With over 2,700 sq. ft. of living area, each unit offers its own front entrance, two levels of living space, private basement, and three bedrooms per unit. Original hardwood floors, built-ins, and wood details add lasting character throughout. One side features a renovated kitchen, plus a half bathroom on the first floor and a full bathroom upstairs. Recent updates include a new hot water tank (June 2025) and a new furnace (Oct 2024). The other side received a new hot water tank in Feb 2024. With spacious layouts and reliable tenants in place, this fully occupied property is a fantastic investment opportunity. Additional highlights include ample parking and a 2-car garage. Whether you are searching for an investment, exploring house-hacking, or expanding your portfolio, this property is a rare find in a growing market just minutes from downtown Cleveland and close to I-90 and I-71. Don’t miss out!
#5152897

Cleveland

3407 Daisy Avenue

6 Beds

2 Baths

4,176 Sq.Ft.

$220,000

MLS#: 5152897

Prime Investment Opportunity! This Completely Vacant Triplex Presents A Fantastic Opportunity In Cleveland’s Expanding Rental Market. Perfect For An Owner Occupant, While Leasing The Other Two Units. The Front Unit Is A 1 Bedroom/1 Bathroom And Has Been Updated With New Kitchen Cabinets, A New Bathroom Vanity, Updated Electrical, LVP Flooring, And Fresh Paint Throughout. The Rear Unit Is A 2 Bedroom/1 Bathroom That Has Been Updated With New Kitchen Cabinets, A New Vanity, Fixtures, LVP Flooring, And Fresh Neutral Paint Throughout. The Up Unit Is A Spacious 4 Bedroom/1 Bathroom That Has Been Updated With New Kitchen Cabinets, New Bathroom Fixtures, Updated Electrical, LVP Flooring, And Fresh Neutral Paint Throughout. Additional Upgrades Include 3 Newer Hot Water Tanks And New Gutters. Don’t Miss The Chance To Acquire A Profitable Triplex In The Thriving Cleveland Rental Market. Easy Access To All Major Highways, Downtown Cleveland, Shopping, Dining, And More. No Seller Financing.
#5146943

Cleveland

7023 Clark Avenue

7 Beds

1 Baths

3,143 Sq.Ft.

$249,900

MLS#: 5146943

Live in One, Rent the Other – Ideal Investment! Two well-maintained single-family homes on one lot! The front home offers 4 beds, 1.5 baths, a bonus room, fresh paint, and new siding. The back home features 2 beds and 2 full baths with a bright, open layout. Previously rented under Section 8 with strong income potential. Generated $34,000 in annual income in previous years, with potential for higher returns due to rent increases. Perfect for owner-occupants or investors seeking immediate cash flow. Prime Location: Conveniently located just 10 minutes from Downtown Cleveland, 1 minute from Steelyard Commons for all your shopping needs, and only 1 minute from MetroHealth Hospital. Cleveland Clinic is just a 15-minute drive. Enjoy quick access to trendy neighborhoods like Ohio City and Tremont—perfect for food lovers and nightlife enthusiasts. Opportunities like this don’t come around often—schedule your showing today and take the first step toward smart homeownership or expanding your rental portfolio!
#5137948

Cleveland

3612 Daisy Avenue

6 Beds

3 Baths

N/A

$255,000

MLS#: 5137948

Investor Alert! This fully occupied duplex in Cleveland's 44111 ZIP code offers immediate cash flow and strong investment potential. Located in the West Park neighborhood, the property is close to major highways and a vibrant rental market, making it an ideal addition to any investment portfolio. The downstairs unit features 2 bedrooms and 1 bathroom, leased at $1,050/month through 1/31/26, with a large covered front porch. The upstairs unit also offers 2 bedrooms and 1 bathroom, leased at $900/month through 4/30/26, and includes a spacious covered balcony. Both units are on 12-month leases, providing stable, predictable income, with potential to increase rent on the top unit for additional returns. The duplex has new siding, windows, well-maintained mechanicals, and roof, and both units were updated while vacant, creating a turnkey investment. A paved driveway provides convenient off-street parking. It’s also near local hotspots, including West Park Station for dining and entertainment, Impett Park with family-friendly amenities, and the historic Variety Theatre, all within easy reach. Professional management is in place and willing to stay on, offering full-service support with dedicated departments for leasing, marketing, and tenant communication. Rehab and construction services are also available for remote investors!
#5155071

Cleveland

3320 Berea Road

4 Beds

2 Baths

2,066 Sq.Ft.

$220,000

MLS#: 5155071

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here