This Cleveland triplex looks solid at first but I’m not convinced

Was looking at this triplex in Cleveland and wanted to get some opinions: 1374 E 115th St , $230K , 3 units / 7 beds total

Rents look something like: $900 , $1,200 , $850 (one unit vacant)

So call it around $2,900/month if fully rented.

At first glance it actually looks pretty decent for the price. Rough math puts it around a ~5% gross yield, which usually catches my attention.

But when I started thinking about it more, I’m not sure it’s as good as it looks: Older property (1900 build) → probably ongoing maintenance, One unit vacant → not stabilized, Taxes aren’t nothing, Area is a bit hit or miss

Feels like one of those deals that looks strong on paper but could get eaten up pretty fast once you factor in real expenses.

I wouldn’t be surprised if this ends up barely breaking even… or worse depending on management + maintenance.

Would you actually buy this at $230K Or is this more of a $170K type deal?