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$160,000 Just Listed
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Property Description
Great investment opportunity with immediate cash flow! This fully occupied triplex offers three income-producing units plus additional garage rental income, making it an excellent addition to any investment portfolio. The property features two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing a desirable unit mix with strong rental demand. Current rents are $950/month for the first 2-bedroom unit, $675/month for the 1-bedroom unit, and $590/month for the second 2-bedroom unit, which is occupied by a long-term tenant paying below-market rent. The detached garage generates an additional $125/month as storage rental, creating multiple income streams with upside potential through future rent adjustments. The property offers separate living spaces with functional layouts, updated bathrooms in select units, spacious kitchens, hardwood flooring, and classic architectural charm. Tenants also enjoy large covered front porches, ample yard space, and off-street parking with a detached garage. Separate utility meters further enhance the property's investment appeal. Conveniently located on Cleveland's east side near shopping, dining, schools, parks, public transportation, and major highways, this is a turnkey opportunity for investors seeking stable rental income today with room to increase future returns. Whether you're expanding your portfolio or purchasing your first multifamily investment, this fully occupied triplex delivers immediate income and long-term potential.
Full Property Details
Full Property Details for 1382 E 188th St
General
- Price: $160,000
- Taxes: $1,874 (2025)
- Status: Active
- Type: Triplex
- Source: 505
- MLS ID: 5222074
- Updated: 7/18/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 13
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Common Area
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Detached, Garage, Unpaved
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: C M Mixs
- Driving Directions: Nottingham to Melvin
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Wood Siding
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt, Fiberglass
- Stories/Levels: 3
- Square Feet: 3,970
- Living Area: 3,970 Sq. Ft.
- Finished Above Grnd: 2,838 Sq. Ft.
- Finished Below Grnd: 1,132 Sq. Ft.
- Year Built: 1962
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1543
- Lot Size: .1543
- Lot Size Source: Public Records
Financial Considerations
- Tax Amount: $1,874
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: 14 MIX 0064 ALL
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 116-32-049
Listed by Parkview Realty Group Ltd, Mark A McGuire
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Schools
Schools serving 1382 E 188th St
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Hannah Gibbons-Nottingham Elementary School 1401 Larchmont Road, Cleveland, OH 44110 | PK-8 | 0.2 mi |
Ginn Academy 655 East 162nd Street, Cleveland, OH 44110 | 9-12 | 1.1 mi |
Euclid Park Elementary School 17914 Euclid Avenue, Cleveland, OH 44112 | PK-8 | 1.1 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 15.2 mi |
Cleveland School Of The Arts High School 2064 Stearns Road, Cleveland, OH 44106 | 9-12 | 5.7 mi |
John Hay School Of Science & Medicine 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 5.7 mi |
John Hay School Of Architecture & Design 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 5.7 mi |
Oliver H Perry Elementary School 18400 Schenely Avenue, Cleveland, OH 44119 | PK-8 | 1.3 mi |
Memorial School 410 East 152nd Street, Cleveland, OH 44110 | PK-8 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1382 E 188th St
Date
Details
Price
Change
Source
7/18/2026
Listed
$160,000
105.13%
MLS
2/02/2021
Sold
$78,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1382 E 188th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,873
2%
$28,010
19%
2023
$1,832
-29%
$23,630
—
2022
$2,577
44%
$23,630
—
2021
$1,787
11%
$23,630
28%
2020
$1,616
8%
$18,480
—
2019
$1,496
—
$18,480
—
2018
$1,491
3%
$18,480
7%
2017
$1,446
1%
$17,300
—
2016
$1,435
—
$17,300
—
2015
$1,434
-13%
$17,300
-13%
2014
$1,646
1%
$19,890
—
2013
$1,627
—
$19,890
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1382 E 188th St
1382 E 188th Street, Loveland, OH 44110 (MLS# 5222074) is a Triplex property with 5 bedrooms and 3 full bathrooms. 1382 E 188th Street is currently listed for $160,000 and was received on July 18, 2026. Want to learn more about 1382 E 188th Street? Do you have questions about finding other Triplex real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

