1615 E 47th Street, Cleveland, OH 44103

Local realty services provided by:Better Homes and Gardens Real Estate Central
1615 E 47th Street,Cleveland, OH 44103
$269,900
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  • 7 Beds
  • 4 Baths
  • 2,159 sq. ft.
  • Multi-family
  • Pending
Listed by: amelie koski, sophie boehlen
Office: premier heights realty llc.
MLS#:5156339
Source:OH_NORMLS

Price summary

  • Price:$269,900
  • Price per sq. ft.:$125.01

About this home

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

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Home facts

  • Year built:1880
  • Listing ID #:5156339
  • Added:107 day(s) ago
  • Updated:December 29, 2025 at 05:18 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:2,159 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1880
  • Building area:2,159 sq. ft.
  • Lot area:0.1 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$269,900
  • Price per sq. ft.:$125.01
  • Tax amount:$925 (2024)
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