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$995,000
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Property Description
2718 Cleveland is an 8-unit value-add multifamily opportunity located in The Cedars, a rapidly transforming neighborhood just south of Downtown Dallas and Deep Ellum. The property benefits from immediate access to major employment centers, entertainment districts, and ongoing neighborhood reinvestment. The asset features rare, oversized unit layouts comprised of four (4) 4-bedroom units and four (4) 3-bedroom units, positioning the property to serve strong family and roommate demand within an infill urban submarket. The investment offers a clear value-add business plan, including interior renovations to drive rent growth, property tax appeals to reduce expenses, and the opportunity to shift electricity to tenant responsibility, aligning operating costs with market standards and increasing NOI. With its irreplaceable Cedars location, unique unit mix, and multiple paths to income growth, 2718 Cleveland presents an attractive opportunity for investors seeking durable cash flow with meaningful upside in a high-growth Dallas submarket.
Full Property Details
Full Property Details for 2718 Cleveland St
General
- Price: $995,000
- Taxes: $20,674
- Status: Active
- Type: Apartment
- Source: NTREIS
- MLS ID: 21169358
- Updated: 2/3/2026
- Added to Site: 16 day(s) ago
Interior
- Interior Features: Other
- Appliances: Electric Range, Microwave, Refrigerator
- Flooring: Laminate, Tile
Parking
- Total Spaces: 10
- Parking Features: Common
Location
- County: Dallas
- Subdivision: D L Richardsons
- Driving Directions: Head west on Al Lipscomb. Make a left on Cleveland. Property is on the left hand side.
School Information
- Elem School District: Dallas ISD
- Midd School District: Dallas ISD
- High School District: Dallas ISD
- Elementary School: Dunbar
- Middle School: Dade
- High School: Madison
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Window Unit(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Stucco
- Roof: Flat
- Stories/Levels: 2
- Square Feet: 8,000
- Sq. Ft. Source: Owner
- Year Built: 1961
Lot Features
- Lot Size (Acres): 0.287
- Lot Size (Sq. Ft.): 12,501.72
- Lot Size Source: Assessor
- Lot Dimensions: 100 x 125
- Lot Features: Interior Lot
Financial Considerations
- Tax Amount: $20,674
Disclosures and Reports
- Legal Description: D L RICHARDSON BLK 2/1118 LT 4, 10 FT LT 3 & 2
- Property ID: 141223000000
- Block: 21118
- Lot Number: 3
Listed by Dallas Property Advisors, LLC, Matteo Faeth
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Schools
Schools serving 2718 Cleveland St
School District:Dallas Independent School District
| Name | Grades | Distance |
|---|---|---|
Paul L Dunbar Learning Center 4200 Metropolitan Avenue, Dallas, TX 75210 | K-5 | 2.1 mi |
Billy Earl Dade Middle School 2801 Park Row Avenue, Dallas, TX 75215 | 6-8 | 0.9 mi |
James Madison High School 3000 Martin Luther King Junior Boulevard, Dallas, TX 75215 | 9-12 | 1.1 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 2718 Cleveland St
Date
Details
Price
Change
Source
2/03/2026
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2718 Cleveland St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$19,557
-3%
$925,000
6%
2024
$20,079
9%
$875,000
9%
2023
$18,381
-3%
$801,000
12%
2022
$19,022
19%
$715,000
24%
2021
$16,031
26%
$575,000
29%
2020
$12,762
3%
$445,760
2%
2018
$12,448
2%
$437,500
-2%
2019
$12,185
2%
$445,760
2%
2017
$11,897
64%
$437,500
64%
2016
$7,247
22%
$266,510
23%
2015
$5,925
92%
$216,090
91%
2014
$3,085
3%
$112,870
3%
2013
$2,997
—
$110,050
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2718 Cleveland St
2718 Cleveland Street, Dallas, TX 75215 (MLS# 21169358) is a Apartment property with 0 bedrooms and 0 full bathrooms. 2718 Cleveland Street is currently listed for $995,000 and was received on February 03, 2026. Want to learn more about 2718 Cleveland Street? Do you have questions about finding other Apartment real estate for sale in Dallas? You can browse all Dallas real estate or contact a Coldwell Banker agent to request more information.

