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.
For sale
Price cut: $2.6K (3/31)
$149,900
1602 Hillcrest Rd, East Cleveland, OH 44118
5beds
4,529sqft
Est.:
Triplex, Multi Family
Built in 1919
-- sqft lot
$-- Zestimate®
$33/sqft
$-- HOA
What's special
Newer furnacesFreshly seal-coated drivewayNewer breaker boxes
- 167 days |
- 628 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: March 31, 2026 at 09:37am
Listing Provided by:
Daniel A Perelman 216-780-0413 dandantherealestateman@gmail.com,
Platinum Real Estate
Source: MLS Now,MLS#: 5165597
Originating MLS: Akron Cleveland Association of REALTORS
Tour with a local agent
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: 5,000.69 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: $33/sqft
- Tax assessed value: $94,700
- Annual tax amount: $2,126
- Date on market: 10/17/2025
- Cumulative days on market: 155 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
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Price change | $149,900-1.7%$33/sqft |
Source: | ||
| 3/3/2026 | Price change | $152,500-1.6%$34/sqft |
Source: | ||
| 1/16/2026 | Price change | $155,000-8.8%$34/sqft |
Source: | ||
| 12/2/2025 | Price change | $169,900-2.9%$38/sqft |
Source: | ||
| 11/18/2025 | Price change | $175,000-2.7%$39/sqft |
Source: | ||
| 11/6/2025 | Listed for sale | $179,900$40/sqft |
Source: | ||
| 10/23/2025 | Pending sale | $179,900$40/sqft |
Source: | ||
| 10/17/2025 | Listed for sale | $179,900+190.2%$40/sqft |
Source: | ||
| 12/17/2024 | Sold | $62,000$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
BuyAbility℠ payment
Est. payment
$1,032/mo
Principal & interest
$792
Property taxes
$240
More affordability tools
Climate risks
Neighborhood: 44118
Nearby schools
GreatSchools rating
- 4/10Mayfair Elementary SchoolGrades: 3-5Distance: 1.4 mi
- 5/10Heritage Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Shaw High SchoolGrades: 9-12Distance: 1.5 mi
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.
Local experts in 44118
- Ohio
- Cuyahoga County
- East Cleveland
- 44118
- 1602 Hillcrest Rd





