1471 E 118th Street, Cleveland, OH 44106

Cleveland
Local realty services provided by:Better Homes and Gardens Real Estate Central
1471 E 118th Street,Cleveland, OH 44106
$499,900
Virtual Tour
  • 10 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jullian vaughn, sophie boehlen
Office: premier heights realty llc.
MLS#:5212544
Source:OH_NORMLS

Price summary

  • Price:$499,900

About this home

FULLY OCCUPIED 10 bedroom duplex in the heart of the thriving University Circle area!! This high performing duplex currently generates almost $65K in annual GROSS INCOME and over $55K in NET INCOME  yielding a 11.12% CAP RATE (details available upon request).  With strong cash flow and a premium location that is within minutes to CWRU (CWRU Safe Ride stop is only a few houses away), and convenient to University Hospitals, Cleveland Clinic, VA and Cleveland Institute of Music in an area that is GROWING in demand, this remodeled duplex is the perfect addition to any portfolio. The FURNISHED right side of duplex is currently fully leased by the room to students through August 15, 2026, generating $3130/mo. in rent.  The left-side duplex features the same spacious 5 bedroom/2 bath layout and is occupied by a great, long-term CMHA-assisted family that has been in place for 8 years.  The left side unit currently generates $2269/mo. with the tenant responsible for only $81/mo. There is also...

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Home facts

  • Year built:1910
  • Listing ID #:5212544
  • Added:32 day(s) ago
  • Updated:June 24, 2026 at 02:57 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:16
  • Kitchen Description:Microwave, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Full, Unfinished

Heating and cooling

  • Cooling:Window Units
  • Heating:Forced Air

Structure and exterior

  • Roof:Fiberglass
  • Year built:1910
  • Lot area:0.1 Acres
  • Construction Materials:Wood Siding
  • Levels:3 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$499,900
  • Tax amount:$4,039 (2025)

Features and amenities

  • Appliances:Microwave, Range, Refrigerator
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