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!
Multi-familyProperty Type
1925Year Built
6,761 sq ftLot Size
$31Est. Price/Sq.Ft.
1 spaceParking
Listed by Scott Fader• Joseph Walter Realty, LLC.
Bought with Jacob Schultz• EXP Realty, LLC.
Source:MLSNOW #5138203
Redfin Estimate
$70,601
$119K since sold in May 2026$1,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 34.7% lower than the average sale price ($108K) of 6 comparable homes.
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!
RENTALBEAST #1
Feb 29, 2024
Rental Removed
$800
$0/sq ft
Jan 25, 2024
Listed for Rent
$800
$0/sq ft
MLSNOW #4160766
Jul 16, 2020
Listing Removed
—
Apr 16, 2020
Price Changed
$74,500
$33/sq ft
Mar 6, 2020
Relisted
—
Feb 11, 2020
Contingent
—
Jan 16, 2020
Listed
$74,900
$33/sq ft
Public Records
Nov 7, 1985
Sold
$38,000
$17/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,096
$4,550 + $11,830
$16,380
2024
$1,095 (+42.0%)
$4,550 + $11,830
$16,380
2023
$771 (+0.6%)
$2,140 + $7,810
$9,950
2022
$767 (+0.9%)
$2,140 + $7,810
$9,950
2021
$760 (−37.3%)
$2,140 + $7,810
$9,950
2020
$1,211 (−79.1%)
$1,790 + $6,510
$8,300
2019
$5,796 (+756.3%)
$1,790 + $6,510
$8,300
2018
$677 (−73.6%)
$1,790 + $6,510
$8,300
2017
$2,567 (+162.4%)
$490 + $11,170
$11,660
2016
$978 (+0.1%)
$490 + $11,170
$11,660
2015
$977 (−2.8%)
$490 + $11,170
$11,660
2014
$1,005
$490 + $11,520
$12,010
Tax history for 1878 Colonnade Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,096
$4,550 + $11,830
$16,380
2024
$1,095 (+42.0%)
$4,550 + $11,830
$16,380
2023
$771 (+0.6%)
$2,140 + $7,810
$9,950
2022
$767 (+0.9%)
$2,140 + $7,810
$9,950
2021
$760 (−37.3%)
$2,140 + $7,810
$9,950
2020
$1,211 (−79.1%)
$1,790 + $6,510
$8,300
2019
$5,796 (+756.3%)
$1,790 + $6,510
$8,300
2018
$677 (−73.6%)
$1,790 + $6,510
$8,300
2017
$2,567 (+162.4%)
$490 + $11,170
$11,660
2016
$978 (+0.1%)
$490 + $11,170
$11,660
2015
$977 (−2.8%)
$490 + $11,170
$11,660
2014
$1,005
$490 + $11,520
$12,010
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Permits
Sep 4, 2025 • Active
Res electrical
Rewire the electrical service and perform a meter base inspection.
Electrical
Feb 22, 2024 • Final
Res electrical
Electrical
Electric meter
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Sq. Ft: 907
Basement Finish: Unfinished
Bathroom Information
# of Full Baths: 3
# of Bathroom Fixtures: 15
Heating & Cooling
Heating Fuel Type: Gas
Heating Type: Forced Air
Room Information
# of Rooms: 13
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Colonial
Building Construction Quality: Above Average
Exterior Wall: Aluminum/Vinyl
Roof Shape Type: Gable
Property Information
Subdivision Name: BERWALD-STEWARD COS COLONIAL
Living Sq. Ft: 2,267
Adjusted Gross Sq. Ft: 2,267
Ground Floor Sq. Ft: 907
Building Sq. Ft: 3,174
# of Stories: 2.5
Stories Type: 2 1/2
Legal Description: 10 COLHTS 0098 ALL
Lot Information
# of Buildings: 1
Land Sq. Ft: 6,761
Legal Lot Number: 98
School Tax District: CLEVELAND CSD
Acres: 0.1552
Depth Footage: 169
Front Footage: 40
Zoning Code: 2F
County Use Description: TRIPLEX
State Use Description: TRIPLEX
Utility Information
Sewer Type: Public
Water Service Type: Public
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 2,267
Stories: 2.5
Lot Size: 6,761 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1925
Year Renovated: 1962
County: Cuyahoga County
APN: 11712023
Home facts updated by county records on Aug 24, 2026
Around this home
Schools
Euclid Park Elementary School
Public PreK-9 • Assigned • 0.7mi
4/10
Collinwood High School
Public 9-12 • Assigned • 0.8mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
6 days above 95° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Cleveland, OH • 44112
Average low and high temperatures (°F)
30
19
36
23
53
35
61
44
65
52
78
64
83
70
79
65
75
60
65
50
51
41
39
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.2 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$68,000 – $82,000
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