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For sale
  • Price cut: $30K (8/5)
    $249,000

    1516 E 118th St, Cleveland, OH 44106

    4beds
    2,744sqft
    : 
    Duplex, Multi Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $91/sqft
    $-- HOA

    What's special

    Generous living spaceManageable-sized yardAmple natural lightSpacious unitsOutdoor space
    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!
    18 days
    on Zillow
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    365
    |
    41
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    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#: 5141759MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1516 E 118th St.

    Next available tour time:Tomorrow at 6:30pm

    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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