Massive cash flow opportunity at 3477 Berea Road. This legally zoned triplex currently features two 2-bedroom units and one 1-bedroom third-floor unit, with the two main units easily convertible into 3-bedroom units for additional rental upside.
Major components include two 2016 furnaces, water heaters from 2013, 2015, and 2022, vinyl windows, vinyl siding, and an approximately 10-year-old roof.
Located in an established Cleveland rental area with convenient access to shopping, schools, public transportation, and major roadways. With three legal units, strong value-add potential, and the ability to increase bedroom count and rents, this property offers excellent cash flow and long-term upside.
Professional property management resources are available for remote investors, including leasing coordination, tenant communication, maintenance, and repair support. For buyers looking to expand their Cleveland rental portfolio or acquire a high-cash-flow multifamily asset, this property offers an attractive combination of condition, scalability, and long-term income potential. Contact your favorite realtor for additional information or schedule a showing.
Active
Price cut: $10K (8/22)
$244,900
3477 Berea Rd, Cleveland, OH 44111
7beds
2,994sqft
Triplex, Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$82/sqft
$-- HOA
What's special
Vinyl windowsVinyl siding
- 15 days |
- 447 |
- 28 |
Zillow last checked:
Listing updated:
Listed by:
Kim Lewis Garrett.Rowan@heqrealty.com;803-992-1429,
Home Equity Realty Group,
Garrett Rowan 803-992-1429,
Home Equity Realty Group
Source: MLS Now,MLS#: 5234911
Originating MLS: Medina County Board of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- None
Features
- Has basement: Yes
Interior area
- Total structure area: 2,994
- Total interior livable area: 2,994 sqft
- Finished area above ground: 2,994
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Detached, Garage
- Garage spaces: 2
Features
- Levels: Three Or More
Lot
- Size: 4,734 Square Feet
Details
- Parcel number: 02130036
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Asphalt, Vinyl Siding
- Foundation: Slab
- Roof: Asphalt,Fiberglass
Condition
- Fixer,Updated/Remodeled
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Lorain Villas
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $82/sqft
- Tax assessed value: $176,500
- Annual tax amount: $4,133
- Date on market: 8/7/2026
- Cumulative days on market: 15 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2026 | Price change | $244,900-3.9%$82/sqft |
Source: | ||
| 8/14/2026 | Price change | $254,900-7.3%$85/sqft |
Source: | ||
| 8/7/2026 | Listed for sale | $274,900+52.7%$92/sqft |
Source: | ||
| 6/6/2022 | Sold | $180,000-2.7%$60/sqft |
Source: | ||
| 6/6/2022 | Pending sale | $185,000$62/sqft |
Source: | ||
| 4/18/2022 | Contingent | $185,000$62/sqft |
Source: | ||
| 2/28/2022 | Listed for sale | $185,000$62/sqft |
Source: | ||
| 2/21/2022 | Contingent | $185,000$62/sqft |
Source: | ||
| 2/1/2022 | Listed for sale | $185,000$62/sqft |
Source: | ||
| 12/16/2021 | Contingent | $185,000$62/sqft |
Source: | ||
| 12/13/2021 | Listed for sale | $185,000+37%$62/sqft |
Source: | ||
| 12/30/2017 | Listing removed | $135,000$45/sqft |
Source: Russell Real Estate Services #3947089 Report a problem | ||
| 12/30/2017 | Listed for sale | $135,000+8%$45/sqft |
Source: Russell Real Estate Services #3947089 Report a problem | ||
| 12/13/2017 | Sold | $125,000-7.4%$42/sqft |
Source: | ||
| 11/7/2017 | Pending sale | $135,000$45/sqft |
Source: Russell Real Estate Services #3947089 Report a problem | ||
| 10/9/2017 | Listed for sale | $135,000-3.5%$45/sqft |
Source: Russell Real Estate Services #3947089 Report a problem | ||
| 3/30/2017 | Listing removed | $139,900$47/sqft |
Source: Keller Williams - Greater Cleveland West #3858901 Report a problem | ||
| 11/10/2016 | Listed for sale | $139,900+52.1%$47/sqft |
Source: Keller Williams Grt Cleve West #3858901 Report a problem | ||
| 2/20/2007 | Sold | $92,000+24.3%$31/sqft |
Source: Public Record Report a problem | ||
| 1/26/1995 | Sold | $74,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,133 +0% | $61,780 |
| 2024 | $4,131 -5.6% | $61,780 +9.5% |
| 2023 | $4,374 +0.6% | $56,420 |
| 2022 | $4,349 +0.9% | $56,420 |
| 2021 | $4,308 +11.5% | $56,420 +29% |
| 2020 | $3,865 +8% | $43,750 |
| 2019 | $3,580 +1.3% | $43,750 |
| 2018 | $3,535 +55.1% | $43,750 +62.3% |
| 2017 | $2,279 +0.8% | $26,960 |
| 2016 | $2,261 | $26,960 |
| 2015 | $2,261 -5.4% | $26,960 -4.9% |
| 2014 | $2,389 -69.3% | $28,360 |
| 2013 | $7,778 +66.4% | $28,360 |
| 2012 | $4,675 +129% | $28,360 -12% |
| 2011 | $2,042 +2.7% | $32,210 |
| 2010 | $1,989 +546.9% | $32,210 |
| 2009 | $307 -84.4% | $32,210 -4.6% |
| 2008 | $1,969 +3.3% | $33,780 |
| 2007 | $1,906 +0.1% | $33,780 |
| 2006 | $1,904 +20.7% | $33,780 +27% |
| 2005 | $1,577 +1.2% | $26,600 |
| 2004 | $1,559 +1.1% | $26,600 |
| 2003 | $1,542 +0.9% | $26,600 |
| 2002 | $1,528 -41.2% | $26,600 |
| 2001 | $2,599 +4.5% | $26,600 |
| 2000 | $2,487 | $26,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Jefferson
Nearby schools
GreatSchools rating
- 6/10Garfield Elementary SchoolGrades: PK-8Distance: 0.7 mi
- 3/10The School Of OneGrades: 8-12Distance: 0.2 mi
- 6/10Riverside SchoolGrades: PK-8Distance: 0.8 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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