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  • $434,000

    1498 E 118th St, Cleveland, OH 44106

    8beds
    3,588sqft
    Duplex, Multi Family
    Built in 1910
    -- sqft lot
    $386,500 Zestimate®
    $121/sqft
    $1,645 Estimated rent

    Home value

    $386,500

    $340,000 - $429,000

    $1,645/mo

    Zestimate® history
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    What's special

    Welcome to this completely renovated multi-family colonial located in the booming neighborhood of University Circle. With just 5 minutes from Case Western Reserve, Cleveland Clinic, UH Hospital, Cleveland Musuem of Art, Cleveland History Musuem, and various attractions, the location speaks for itself! This property features two units that hold 4 bedrooms and two full bathrooms each, giving the property a total of 8 bedrooms and 4 bathrooms. The units are designed to rent by the room. Each room is marked with a number to avoid any confusion and equip with a lockbox outside every door to give tenants the utmost privacy. The property is fully occupied bringing in $4,700 a month. Both units mirror one another and are identical. On the top floor you will find a secluded bedroom and bathroom that is being rented at $650 a month. On the second floor you will find three more bedrooms, and another full bathroom. The larger of the three rooms are being rented at $600 a month, and the two smaller are $550 a month. Both occupied rooms are on short term leases. The property has been completely renovated with brand new windows, roof, electrical, mechanicals, and plumbing. Property will also be sold fully furnished! Property is tax abated for the next 15 years!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jullian Vaughn 216-860-0005sophie@premierheights.com,

    Premier Heights Realty LLC

    Bought with:

    Sophie Boehlen, 2023005046

    Premier Heights Realty LLC

    Source: MLS Now,MLS#: 5020284MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
    • Laundry: In Basement
    Features
    • Open Floorplan, Recessed Lighting
    • Basement: Partially Finished
    Interior area
    • Total structure area: 3,588
    • Total interior livable area: 3,588 sqft
    • Finished area above ground: 3,588

    Property

    Parking
    • Parking features: Additional Parking, Gravel, Off Street, On Street
    Features
    • Levels: Three Or More
    Lot
    • Size: 3,558 Square Feet
    Details
    • Parcel number: 12010058

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Vinyl Siding
    • Roof: Shingle
    Condition
    • Year built: 1910

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Mccaslin
    Location
    • Region: Cleveland

    Financial & listing details

    • Price per square foot: $121/sqft
    • Tax assessed value: $60,000
    • Annual tax amount: $790
    • Date on market: 2/28/2024
    • Cumulative days on market: 117 days

    Price history

    DateEventPrice
    3/29/2025Listing removed$2,650$1/sqft
    Source: Zillow Rentals Report a problem
    1/6/2025Listed for rent$2,650$1/sqft
    Source: Zillow Rentals Report a problem
    6/25/2024Sold$434,000-2.3%$121/sqft
    Source: MLS Now #5020284 Report a problem
    5/1/2024Contingent$444,000$124/sqft
    Source: MLS Now #5020284 Report a problem
    4/6/2024Price change$444,000-1.3%$124/sqft
    Source: MLS Now #5020284 Report a problem
    3/27/2024Listed for sale$450,000$125/sqft
    Source: MLS Now #5020284 Report a problem
    3/21/2024Contingent$450,000$125/sqft
    Source: MLS Now #5020284 Report a problem
    3/20/2024Pending sale$450,000$125/sqft
    Source: MLS Now #5020284 Report a problem
    2/28/2024Listed for sale$450,000+650%$125/sqft
    Source: MLS Now #5020284 Report a problem
    11/22/2022Sold$60,000$17/sqft
    Source: Public Record Report a problem
    5/17/2022Sold$60,000-24.1%$17/sqft
    Source: Public Record Report a problem
    4/18/2022Pending sale$79,000$22/sqft
    Source: MLS Now #4361687 Report a problem
    4/5/2022Listed for sale$79,000$22/sqft
    Source: MLS Now #4361687 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,405 +0%$21,000
    2024$1,404 +77.7%$21,000 +106.1%
    2023$790 +0.6%$10,190
    2022$786 +0.9%$10,190
    2021$778 -4.8%$10,190 +10.3%
    2020$817 -45.9%$9,240
    2019$1,511 +24%$9,240
    2018$1,218 -71.4%$9,240 +21.6%
    2017$4,263 +172.8%$7,600
    2016$1,563 +6.6%$7,600
    2015$1,465 +109%$7,600 -10%
    2014$701 +1.8%$8,440
    2013$689 +3%$8,440
    2012$669 -23.6%$8,440 -40.2%
    2011$875 +2.7%$14,110
    2010$853 +0.8%$14,110
    2009$846 -7.6%$14,110 -12%
    2008$915 +3.3%$16,040
    2007$886 +0.1%$16,040
    2006$885 +15.3%$16,040 +21.5%
    2005$767 +1.2%$13,200
    2004$759 +1.1%$13,200
    2003$751 +19%$13,200 +17.9%
    2002$631 -42.3%$11,200
    2001$1,094 +4.5%$11,200
    2000$1,047 $11,200
    Find assessor info on the county website

    Neighborhood: Glenville

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Cleveland Municipal - 1809

    Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $386,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $386,500