Listed by David Jackson of Howard Hanna (davidjackson@howardhanna.com,216-548-9207)
Attention investors-this triplex offers exceptional upside for both seasoned investors and first-time buyers looking to break into real estate investing. With two of the three units already occupied, this is an ideal owner-occupant opportunity: live in the vacant first-floor unit while rental income helps offset your mortgage. At market rents of approximately $1,300 per unit on the first and second floors, the property has the potential to generate roughly $39,000 in annual gross income, with an estimated cap rate above 12% after factoring in expenses. Owned and meticulously maintained by the same local landlord since 1986, the property will transfer point-of-sale compliant, providing peace of mind for the next owner. While well cared for, there is still clear value-add potential through cosmetic updates, offering the opportunity to further increase rents and maximize returns. The property is also CMHA-approved, with the second-floor tenant's rent currently subsidized through CMHA. Notably, the landlord has not pursued a rent increase with CMHA in quite some time, leaving significant additional income potential on the table. Schedule your showing today to tour the first-floor layout, explore the neighborhood, and see firsthand the income-producing potential this investment property has to offer.

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Based on information submitted to MLS Now as of June 23, 2026 7:21 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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