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  • $225,000

    1516 E 118th St, Cleveland, OH 44106

    4beds
    2,744sqft
    Duplex, Multi Family
    Built in 1910
    -- sqft lot
    $231,700 Zestimate®
    $82/sqft
    $1,286 Estimated rent

    Home value

    $231,700

    $213,000 - $253,000

    $1,286/mo

    Zestimate® history
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    $1,286/mo

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    $1,286/mo

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    $1,667/mo

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    $1,667/mo

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    What's special

    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Tina F Griffus 216-965-3896 tinagriffus@kw.com,

    Keller Williams Living,

    Keisha D Wagner 440-230-8465,

    Keller Williams Living

    Bought with:

    Bob Zimmer, 404374

    Keller Williams Greater Metropolitan

    Source: MLS Now,MLS#: 5141759MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Ceiling Fan(s)
    Features
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 2,744
    • Total interior livable area: 2,744 sqft
    • Finished area above ground: 2,744

    Property

    Parking
    • Parking features: No Garage
    Features
    • Levels: Three Or More
    Lot
    • Size: 5,601 Square Feet
    Details
    • Parcel number: 12022075

    Construction

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

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Wade Park Allotment
    Location
    • Region: Cleveland

    Financial & listing details

    • Price per square foot: $82/sqft
    • Tax assessed value: $333,400
    • Annual tax amount: $8,192
    • Date on market: 7/22/2025
    • Cumulative days on market: 42 days
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    10/1/2025Sold$225,000-9.6%$82/sqft
    Source: MLS Now #5141759 Report a problem
    9/1/2025Pending sale$249,000$91/sqft
    Source: MLS Now #5141759 Report a problem
    8/5/2025Price change$249,000-10.8%$91/sqft
    Source: MLS Now #5141759 Report a problem
    7/22/2025Listed for sale$279,000$102/sqft
    Source: MLS Now #5141759 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,806 +0%$116,690
    2024$7,802 +190.5%$116,690 +236.8%
    2023$2,686 +0.6%$34,650
    2022$2,671 +0.9%$34,650
    2021$2,646 -4.9%$34,650 +10%
    2020$2,782 +8%$31,500
    2019$2,577 +0.3%$31,500
    2018$2,569 +103.6%$31,500 +111.1%
    2017$1,261 +0.8%$14,920
    2016$1,251 $14,920
    2015$1,251 +21.5%$14,920 +22.1%
    2014$1,029 +1.7%$12,220
    2013$1,012 +263.3%$12,220
    2012$279 +30.2%$12,220
    2011$214 +0.2%$12,220
    2010$214 +0.8%$12,220
    2009$212 -84.6%$12,220 -12.1%
    2008$1,377 +378%$13,900
    2007$288 -62.5%$13,900
    2006$767 +17.2%$13,900 +23.7%
    2005$654 -3.7%$11,240
    2004$679 +6.1%$11,240
    2003$640 +9.1%$11,240 +8.1%
    2002$587 -42.3%$10,400
    2001$1,016 +4.5%$10,400
    2000$972 $10,400
    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
    $231,700
    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
    $231,700