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407 E 147th Street

Cleveland, OH 44110
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Bed 5

Bed

Bath 3

Bath

SqFt2,092

Sqft

Acres0.09

Acre(Lot)

407 East 147th Street in Cleveland presents a fully occupied, income producing multifamily opportunity with a solid blend of updates and steady cash flow. This three unit property includes two 2 bedroom, 1 bathroom units, currently rented at $850 and $950 per month, along with a 1 bedroom, 1 bathroom unit leased at $545 per month. With all units occupied, the property offers immediate and consistent rental income from day one. Each unit has been thoughtfully refreshed, with Units 1 and 2 updated in 2023 featuring improvements to paint, flooring, kitchens, and bathrooms, creating clean, comfortable living spaces that appeal to tenants. The third unit was also updated in 2023, including a bathroom refresh, kitchen installation, new flooring, and paint, giving it a cohesive and move in ready feel. Newer hot water tanks installed in 2024 add to the overall reliability of the property. The detached 2 car garage provides added value and convenience, while the overall layout offers functional, easy to maintain living spaces across all units. With a strong rental lineup, recent updates, and consistent occupancy, this property offers a well rounded opportunity for investors seeking both stability and long term upside in a convenient Cleveland location.

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Detail Ic Property Details

Property Type : Residential Income

Price : $195,000

AD Id : 77806542

MLS Id : 5203684

Beds : 5

Lot Size : 0.09 Acre

Living Area Size : 2,092

Year Built : 1914

Garage : 2

County : Cuyahoga

Subdivision: Rhawnhurst

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Has Basement: Yes Basement: Full, Unfinished
  • Roofing Information

    Asphalt, Fiberglass
  • Interior Features

    Roof: Asphalt, Fiberglass Appliances: Range, Refrigerator Laundry Features: In Basement, None
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None

  • Building Information

    Year Built: 1914 Construction Materials: Vinyl Siding Stories: 3 Private Pool: No
  • Exterior Features

    Exterior Features: Balcony

  • Lot Information

    Main Square Feet: 0.0884 Acres Lot Size Acres: 0.0884 Lot Size Source: Assessor

    Property Information

    Subdivision: White Source Property Type: Residential Income Property SubType: Triplex Levels: Three Or More Property Age: 112

  • Listing Price Information

    Listing Price: $195000

  • Tax Information

    Parcel Number: 112-20-073 Tax Year: 2025 Annual Tax: $2646 Tax Legal Desc: 16 WHITEPRO SP 129.92 S OF KEYES 0003

  • Parking Information

    Concrete, Detached, Garage

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: Lakeshore Blvd to E 147th St WaterSource: Public
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Nearby Home Value

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1426 E 175 Road, Cleveland, OH, 44110 $109,900 5 3 1,964 1,964 SqFt
16523 Kipling Avenue, Cleveland, OH, 44110 $89,000 4 2 1,536 1,536 SqFt
1109 E 169th Street, Cleveland, OH, 44110 $139,900 4 2 3,165 3,165 SqFt
817 Alhambra Road, Cleveland, OH, 44110 $115,000 4 2 1,440 1,440 SqFt
948 Royal Road, Cleveland, OH, 44110 $125,900 5 2 --
987 Evangeline Road, Cleveland, OH, 44110 $130,000 4 2 3,195 3,195 SqFt
16204 Arcade Avenue, Cleveland, OH, 44110 $80,000 6 3 --
16206 Grovewood Avenue, Cleveland, OH, 44110 $100,000 4 2 2,689 2,689 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 06/06/2026 @ 20:58

MLS: 5203684 LISTED BY: Anthony Latina, RE/MAX Crossroads Properties 440-331-2870 SOURCE: MLS Now

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