This charming triplex is a hidden gem with fantastic potential for investors looking to earn solid rental income! Featuring three separate units and a spacious basement, this property is a great canvas for those with a keen eye for opportunity. While it could use a little TLC in the cosmetic department, the foundation is rock-solid, making it a prime candidate for a quick flip or long-term rental success. Nestled in a convenient location with easy access to public transit, schools, parks, and shopping, it?s perfect for tenants seeking comfort and convenience. With a bit of love, this triplex can really shine, making it a perfect addition to any investor?s portfolio. Don't miss out on this one!
Sold for $63,000 on 08/07/25
$63,000
1878 Colonnade Rd, Cleveland, OH 44112
5beds
--sqft
Triplex, Multi Family
Built in 1925
-- sqft lot
$49,400 Zestimate®
$--/sqft
$1,237 Estimated rent
Home value
$49,400
$46,000 - $53,000
$1,237/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 07, 2025 at 07:47am
Listing Provided by:
Scott Fader 888-227-1009 broker@josephwalterrealty.com,
Joseph Walter Realty, LLC.
Bought with:
Jacob Schultz, 2023001680
EXP Realty, LLC.
Source: MLS Now,MLS#: 5138203
Originating MLS: Other/Unspecificed
Originating MLS: Other/UnspecificedFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Laundry: In Basement
Features
- Basement: Full
Property
Parking
- Parking features: Driveway
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,760 sqft
Details
- Parcel number: 11712023
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cleveland
- Subdivision: Berwald-Steward Cos Colonial
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2025 | Sold | $63,000+0.2% |
Source:  MLS Now #5138203 | ||
| 8/4/2025 | Pending sale | $62,900 |
Source: MLS Now #5138203 | ||
| 7/24/2025 | Price change | $62,900-10.1% |
Source: MLS Now #5138203 | ||
| 7/9/2025 | Listed for sale | $70,000-6% |
Source: MLS Now #5138203 | ||
| 7/17/2020 | Listing removed | $74,500 |
Source: Plum Tree Realty, LLC. #4160766 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,095 +42% | $16,380 +64.8% |
| 2023 | $771 +0.6% | $9,940 |
| 2022 | $767 +0.9% | $9,940 |
Find assessor info on the county website
Neighborhood: Euclid Green
Nearby schools
GreatSchools rating
- 5/10Euclid Park Elementary SchoolGrades: PK-8Distance: 0.7 mi
- 3/10Collinwood High SchoolGrades: 3,9-12Distance: 0.8 mi
- 6/10Kenneth W ClementGrades: PK-8Distance: 1 mi
Schools provided by the listing agent
- District: Cleveland Municipal - 1809
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$49,400
2% more+ $988
With Zillow Showcase(estimated)
$50,388