Cleveland, OH 44106,1516 E 118th ST
Cleveland, OH 44106,1516 E 118th ST
Cleveland, OH 44106,1516 E 118th ST
30
$225,000
$249,000
9.6%
Est.Price: ?

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7 BD
2 BA
2,744 SqFt

1516 E 118th ST Cleveland, OH 44106

Est. payment /mo
SOLD DATE : 10/01/2025

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Key Details

Sold Price $225,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,744 sqft

Price per Sqft $81

Subdivision Wade Park Allotment

MLS Listing ID 5141759

Sold Date 10/01/25

Bedrooms 7

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 2,744

Year Built 1910

Annual Tax Amount $8,192

Tax Year 2024

Lot Size 5,601 Sqft

Acres 0.1286

Property Sub-Type Duplex

Property Description

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!

Location

State OH

County Cuyahoga

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Cooling Ceiling Fan(s)

Fireplace No

Exterior

Parking Features No Garage

Water Access Desc Public

Roof Type Asphalt

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 120-22-075

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Financing Cash

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Northern Ohio Regional MLS (YES-MLS)
Listed by Tina F Griffus • Keller Williams Living • tinagriffus@kw.com, 216-965-3896
Bought with Bob Zimmer • Keller Williams Greater Metropolitan

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Lindsey Rose

Lindsey Rose

Realtor® | CEO | Team Lead | License ID: 2017001928

+1(330) 591-0823

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