18606 Cherokee Avenue, Cleveland, OH 44119

Cleveland
Local realty services provided by:Better Homes and Gardens Real Estate Central
18606 Cherokee Avenue,Cleveland, OH 44119
$195,000
Virtual Tour
  • 5 Beds
  • 3 Baths
  • 1,950 sq. ft.
  • Multi-family
  • Active
Listed by: amelie koski, sophie boehlen
Office: premier heights realty llc.
MLS#:5244225
Source:OH_NORMLS

Price summary

  • Price:$195,000
  • Price per sq. ft.:$100

About this home

INVESTORS looking for a turnkey property with HIGH RETURNS! Triplex available on the Cleveland-Euclid border that EASILY beats the 1% Rule and 10-Cap requirement with a potential of nearly $4,000 a month GRI once fully rented!! Investors and House-Hackers... If you are looking for a property with great cashflow to add to your portfolio, or want to start investing with an easy property, this is THE ONE for YOU!! The Front Unit features 2 bedrooms. Currently rented for $1050 through 12.11.26, the rent potential is much higher, with CMHA paying up to $1333 for a 2-bedroom in 44119. The Back Unit is an efficiency that has no kitchen or kitchenette. It is offered furnished and currently rented through Airbnb for approximately $1350/month. The Up Unit features 2 bedrooms and 1 bath, and could generate another $1333 each month, making the total annual rent income around $48,000 (the furnishings in this unit will convey, as well. As a furnished short or mid-term rental, the Up Unit could...

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Home facts

  • Year built:1923
  • Subdivision & Development:Berwick Ext Sub
  • Listing ID #:5244225
  • Added:61 day(s) ago
  • Updated:November 12, 2026 at 04:12 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:9
  • Kitchen Description:Range, Refrigerator
  • Basement:Yes
  • Basement Description:Full
  • Living area:1,950 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1923
  • Building area:1,950 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Aluminium Siding, Vinyl Siding
  • Levels:2 Stories, 2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$195,000
  • Price per sq. ft.:$100
  • Tax amount:$2,810 (2025)

Features and amenities

  • Appliances:Range, Refrigerator

Parking

  • Parking description:Detached, Garage
  • Garage:Yes
  • Garage spaces:2
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