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$225,000
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Property Description
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!
Full Property Details
Full Property Details for 1516 E 118th St
General
- Sold For: $225,000
- Taxes: $8,192 (2024)
- Status: Closed
- Type: Duplex
- Source: 505
- MLS ID: 5141759
- Added to Site: 93 day(s) ago
Interior
- Number of Rooms: 12
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 7
Parking
- Parking Features: No Garage
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Wade Park Allotment
- Driving Directions: Wade Park to E 118th
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: Ceiling Fan(s)
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt
- Square Feet: 2,744
- Living Area: 2,744 Sq. Ft.
- Finished Above Grnd: 2,744 Sq. Ft.
- Year Built: 1910
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1286
- Lot Size: .1286
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $8,192
- Tax Year: 2024
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: 387 WADEPK S/L 336 & 337 SP 163.6 NP 0335
- Property ID: 120-22-075
Listed by Keller Williams Living, Tina F Griffus and Keller Williams Living, Keisha D Wagner
Sold by Keller Williams Greater Metropolitan, Bob Zimmer
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Schools
Schools serving 1516 E 118th St
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Mary M Bethune 11815 Moulton Avenue, Cleveland, OH 44106 | PK-8 | 0.3 mi |
Daniel E Morgan School 8912 Morris Court, Cleveland, OH 44106 | PK-8 | 1.1 mi |
Stephanie Tubbs Jones 11901 Durant Avenue, Cleveland, OH 44108 | PK-8 | 1.2 mi |
Franklin D. Roosevelt 800 Linn Drive, Cleveland, OH 44108 | PK-8 | 1.3 mi |
Willson School 1122 Ansel Rd, Cleveland, OH 44108 | PK-8 | 1.4 mi |
Mary B Martin School 8200 Brookline Avenue, Cleveland, OH 44103 | PK-8 | 1.5 mi |
Glenville High School 650 East 113th Street, Cleveland, OH 44108 | 9-12 | 1.6 mi |
Wade Park 7600 Wade Park Avenue, Cleveland, OH 44103 | PK-8 | 1.6 mi |
Bolton 9803 Quebec Avenue, Cleveland, OH 44106 | PK-8 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1516 E 118th St
Date
Details
Price
Change
Source
10/01/2025
Sold
$225,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1516 E 118th Street, Loveland, OH 44106 (MLS# 5141759) is a Duplex property that was sold at $225,000 on October 01, 2025. Want to learn more about 1516 E 118th Street? Do you have questions about finding other Duplex real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

