1471 E 118th Street, Cleveland, OH 44106
Local realty services provided by:ERA Real Solutions Realty
1471 E 118th Street,Cleveland, OH 44106
$499,900
- 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 is currently generating approximately $65K annually in Gross Income. With relatively low maintenance and monthly expenses, this property provides over $55K in NET INCOME (details available upon request). With strong cash flow and a location that is walking distance to CWRU and just a few minutes to both the VA and University Hospitals in an area that is only GROWING in demand, this remodeled duplex is the perfect addition to anyone's portfolio. The FURNISHED Right-side is currently fully leased by the room to students through August 15, 2026 (house is only a few houses away from a CWRU Safe Ride stop). All five bedrooms are rented individually, generating $3,130 per month, with tenants paying ALL utilities, including water and sewer. The Left-side 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 $2,269 per month ($2188 from CMHA + $81 from tenant). Tenant pays all utilities except water and sewer. There is also potential for a CMHA rent increase this November, adding even more upside to this already strong-performing asset. Other features: new roof (2024); new hot water tank in Left Side (2025); Right Side gutted and remodeled (2024); Left Side remodeled (2017). This is a standout opportunity for investors seeking IMMEDIATE cash flow, strong rental history, and long-term appreciation potential in one of Cleveland’s hottest rental areas. Property will transfer with a valid Lead Safe Certificate....
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Home facts
- Year built:1910
- Listing ID #:5212544
- Added:1 day(s) ago
- Updated:May 22, 2026 at 05:40 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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