1602 Hillcrest Road

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Address: 1602 Hillcrest Rd, East Cleveland, OH 44118, USA
Chicago & Midwest + Apartment Buildings
Created date: October 17, 2025
Date last updated: September 16, 2026
Price: $134,500Investment Analyzer NEW!

Property Description

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.

Key Property Information

Listing Status: Pending Sale
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $134,500
Year Built: 1919
Lot Size: 4,529.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 5
Number of Bathrooms: 3
Address: 1602 Hillcrest Road, East Cleveland, OH 44118, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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