This is the investment property you’ve been searching for, bringing in an impressive $2,375 per month in rent- WOWWW!!! This cash cow triplex is an opportunity you don’t want to miss! Priced competitively and generating strong rental income, this property is perfect for both new and seasoned investors. In 2024, the entire home was updated from top to bottom, inside and out, featuring newer floors, newer kitchens, and newer bathrooms throughout. The layout includes a downstairs unit with two bedrooms and one bath, an upstairs unit with two bedrooms and one bath, and an attic studio with a full bathroom and open living area, ideal for maximizing rental income. Additionally, the property offers a two-car garage and a full basement, perfect for extra storage or added value. This is truly an investor’s dream, fully updated, fully rented, and cash-flowing from day one of your purchase!
Under contract
$155,000
11117 Melba Ave, Cleveland, OH 44104
4beds
2,772sqft
Est.:
Triplex, Multi Family
Built in 1924
-- sqft lot
$154,000 Zestimate®
$56/sqft
$-- HOA
What's special
Newer bathroomsTwo-car garageFull basementNewer floorsNewer kitchens
- 44 days |
- 59 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: November 20, 2025 at 08:26pm
Listing Provided by:
Angie Lopez 216-855-4477 angie.lopez@kw.com,
Keller Williams Citywide
Source: MLS Now,MLS#: 5169504
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- None
Features
- Basement: Full
Interior area
- Total structure area: 2,772
- Total interior livable area: 2,772 sqft
- Finished area above ground: 1,848
- Finished area below ground: 924
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,604.29 Square Feet
Details
- Parcel number: 12824012
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Asphalt,Shingle
Condition
- Updated/Remodeled
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Blvdhts
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $56/sqft
- Tax assessed value: $36,000
- Annual tax amount: $842
- Date on market: 11/4/2025
- Cumulative days on market: 31 days
- Listing terms: Cash,Conventional
Estimated market value
$154,000
$146,000 - $162,000
$1,224/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/8/2025 | Contingent | $155,000$56/sqft |
Source:  MLS Now #5169504 Report a problem | ||
| 11/4/2025 | Listed for sale | $155,000+330.6%$56/sqft |
Source: MLS Now #5169504 Report a problem | ||
| 12/7/2023 | Sold | $36,000$13/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $842 -2.7% | $12,600 +12.8% |
| 2023 | $866 +151.3% | $11,170 |
| 2022 | $345 +0.9% | $11,170 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$906/mo
Principal & interest
$601
Property taxes
$251
Home insurance
$54
Climate risks
Neighborhood: Woodland Hills
Nearby schools
GreatSchools rating
- 4/10Harvey Rice Elementary SchoolGrades: PK-8Distance: 0.7 mi
- 3/10John Adams College & Career AcademyGrades: 2,4,7-12Distance: 1.5 mi
- 4/10Nathan Hale SchoolGrades: 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.
- Loading
