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!
Closed
$63,000
1878 Colonnade Rd, Cleveland, OH 44112
5beds
--sqft
Triplex, Multi Family
Built in 1925
-- sqft lot
$50,800 Zestimate®
$--/sqft
$1,122 Estimated rent
Home value
$50,800
$46,000 - $55,000
$1,122/mo
Zestimate® history
Owner options
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$1,122/mo
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$367/mo
Est. payment
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$367/mo
Est. payment
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Spacious basement
Zillow last checked:
Listing updated:
Listed 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 Square Feet
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 & HOA
Community
- Subdivision: Berwald-Steward Cos Colonial
Location
- Region: Cleveland
Financial & listing details
- Tax assessed value: $46,800
- Annual tax amount: $1,095
- Date on market: 7/9/2025
- Cumulative days on market: 25 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2025 | Sold | $63,000+0.2% |
Source:  MLS Now #5138203 Report a problem | ||
| 8/4/2025 | Pending sale | $62,900 |
Source: MLS Now #5138203 Report a problem | ||
| 7/24/2025 | Price change | $62,900-10.1% |
Source: MLS Now #5138203 Report a problem | ||
| 7/9/2025 | Listed for sale | $70,000-6% |
Source: MLS Now #5138203 Report a problem | ||
| 7/17/2020 | Listing removed | $74,500 |
Source: Plum Tree Realty, LLC. #4160766 Report a problem | ||
| 4/16/2020 | Price change | $74,500-0.5% |
Source: Plum Tree Realty, LLC. #4160766 Report a problem | ||
| 1/16/2020 | Listed for sale | $74,900 |
Source: Plum Tree Realty, LLC. #4160766 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,096 +0% | $16,380 |
| 2024 | $1,095 +42% | $16,380 +64.8% |
| 2023 | $771 +0.6% | $9,940 |
| 2022 | $767 +0.9% | $9,940 |
| 2021 | $760 +3.6% | $9,940 +19.8% |
| 2020 | $733 -86% | $8,300 |
| 2019 | $5,226 +672.1% | $8,300 |
| 2018 | $677 -85.3% | $8,300 -28.8% |
| 2017 | $4,619 +55.2% | $11,660 |
| 2016 | $2,976 +5.4% | $11,660 |
| 2015 | $2,825 +78.7% | $11,660 -2.9% |
| 2014 | $1,580 +58.9% | $12,010 |
| 2013 | $995 +2.9% | $12,010 |
| 2012 | $967 +504.9% | $12,010 -53.5% |
| 2011 | $160 -89.8% | $25,840 |
| 2010 | $1,574 +0.8% | $25,840 |
| 2009 | $1,562 +5.1% | $25,840 |
| 2008 | $1,485 -3.3% | $25,840 -6.3% |
| 2007 | $1,535 +0.1% | $27,590 |
| 2006 | $1,534 +19% | $27,590 +25.3% |
| 2005 | $1,289 +1.2% | $22,020 |
| 2004 | $1,274 +1.1% | $22,020 |
| 2003 | $1,260 +3.6% | $22,020 +2.6% |
| 2002 | $1,217 -41.9% | $21,460 |
| 2001 | $2,097 +4.5% | $21,460 |
| 2000 | $2,007 | $21,460 |
Find assessor info on the county website
Neighborhood: Euclid Green
Nearby homes
- $--2 bd1 ba2.2k sqft1878 Colonnade Rd #2, Cleveland, OH 44112Off Market
- $---- bd1 ba2.2k sqft1878 Colonnade Road #FL 3RD, Cleveland, OH 44112Off Market
- $76,9004 bd2 ba2.5k sqft1882 Colonnade Rd, Cleveland, OH 44112Off Market
- $90,0002 bd1 ba1k sqft1874 Colonnade Rd, Cleveland, OH 44112Sold
- $--2 bd1 ba-- sqft1880 Colonnade Road #FL 1ST, Cleveland, OH 44112Off Market
- $93,3004 bd2 ba2.2k sqft1886 Colonnade Rd, Cleveland, OH 44112Off Market
- $44,0005 bd2 ba2.6k sqft1870 Colonnade Rd, Cleveland, OH 44112Off Market
- $49,7006 bd1 ba1.6k sqft1866 Colonnade Rd, Cleveland, OH 44112Off Market
Nearby schools
GreatSchools rating
- 4/10Euclid Park Elementary SchoolGrades: PK-9Distance: 0.7 mi
- 2/10Collinwood High SchoolGrades: 9-12Distance: 0.8 mi
- 5/10Kenneth W Clement Boys Leadership AcademyGrades: 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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Estimated market value
$50,800
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Estimated market value
$50,800
- Ohio
- Cuyahoga County
- Cleveland
- 44112
- Euclid Green
- 1878 Colonnade Rd
Nearby cities
Nearby neighborhoods
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