Charming Multi-Family Home in the Heart of Cleveland - 1516 E 118th St
Nestled in the vibrant and growing University Circle, this well-maintained multi-family home at 1516 E 118th St offers an excellent investment opportunity or the perfect space for an owner-occupant. It is fully occupied with both tenants month to month. With its prime location, just minutes away from the cultural amenities of University Circle, Case Western Reserve University, and the Cleveland Clinic, this property is ideal for renters or homeowners looking for a central location with easy access to the city’s finest attractions.
Key Features:
Spacious Units: The property boasts 2 units, each offering 2 bedrooms and one bath, generous living space and ample natural light. The layout is functional and appealing, perfect for long-term tenants or multi-generational families.
Recent Updates: The building has been thoughtfully updated with newer roof, furnace, hot water tank, carpet and driveway, ensuring peace of mind for years to come.
Outdoor Space: The property includes a manageable-sized yard, offering a peaceful outdoor retreat or an area for tenant enjoyment.
Convenient Location: Enjoy proximity to all that Cleveland has to offer, including museums, parks, top-rated restaurants, and public transportation. With easy access to I-90, commuting to downtown Cleveland or nearby suburbs is a breeze.
Income Potential: This multi-family home is an excellent opportunity for investors looking to expand their portfolio with a property that has a strong rental history and low vacancy rates.
Whether you're a savvy investor seeking a solid return or a homeowner looking for rental income potential, this multi-family home offers the best of both worlds in Cleveland's dynamic housing market.
Contact us today for more details and to schedule a showing!
For sale
Price cut: $30K (8/5)
$249,000
1516 E 118th St, Cleveland, OH 44106
4beds
2,744sqft
Est.:
Duplex, Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$91/sqft
$-- HOA
What's special
Generous living spaceManageable-sized yardAmple natural lightSpacious unitsOutdoor space
- 18 days
- on Zillow |
- 365 |
- 41 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 06:48pm
Listing Provided by:
Tina F Griffus 216-965-3896 tinagriffus@kw.com,
Keller Williams Living,
Keisha D Wagner 440-230-8465,
Keller Williams Living
Source: MLS Now,MLS#: 5141759
Originating MLS: Akron Cleveland Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,744
- Total interior livable area: 2,744 sqft
- Finished area above ground: 2,744
Video & virtual tour
Property
Parking
- Parking features: No Garage
Features
- Levels: Three Or More
Lot
- Size: 5,601.82 Square Feet
Details
- Parcel number: 12022075
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Wade Park Allotment
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $91/sqft
- Tax assessed value: $99,000
- Annual tax amount: $8,192
- Date on market: 7/22/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
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