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$200,000
Monthly Est:$995
5 Beds
3 Baths3 full baths
1,950sqft
18606 Cherokee Ave, Cleveland, OH 44119
$200,000
$995/moEst:
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Triplex
Built in 1923
$-- HOA
0.11 acre lot
$103/sq.ft
Description
INVESTORS looking for a turnkey property with HIGH RETURNS! Triplex available on the Cleveland-Euclid border that EASILY beats the 1% Rule and 10-Cap requirement with a potential of nearly $4,000 a month GRI once fully rented!! Investors and House-Hackers... If you are looking for a property with great cashflow to add to your portfolio, or want to start investing with an easy property, this is THE ONE for YOU!! The Front Unit features 2 bedrooms. Currently rented for $1050 through 12.11.26, the rent potential is much higher, with CMHA paying up to $1333 for a 2-bedroom in 44119. The Back Unit is an efficiency that has no kitchen or kitchenette. It is offered furnished and currently rented through Airbnb for approximately $1350/month. The Up Unit features 2 bedrooms and 1 bath, and could generate another $1333 each month, making the total annual rent income around $48,000 (the furnishings in this unit will convey, as well. As a furnished short or mid-term rental, the Up Unit could generate $1800-2000 each month). Property has a valid LEAD CERTIFICATE. Additional features: glass block throughout the basement, aluminum siding and vinyl windows for low maintenance, updated electrical panels with romex, security system with cameras, EV charger, and a BRAND NEW ROOF (2026).
- Houzeo last checked: 5 minutes ago
- Listing updated: October 23, 2026 at 6:55 pm
- Listing Provided by: Amelie Koski (216) 990-8863 DRE #2025007367, Sophie Boehlen (216) 849-8032 DRE #2023005046 | Premier Heights Realty LLC (216) 860-0005
- Source: MLS Now-OH | MLS#: 5244225
Property Details
Status
Active Under Contract
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1923
HOA Fees
-
Finished Area
1,950 sqft
Lot Size
0.11 acre lot
Basement Area
- sqft
MLS Name
MLS Now
MLS Number
5244225
MLS Status
Contingent
Days on Market
48
Cumulative Days on Market
76
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Interior
Heating
Forced Air
Appliances
Range, Refrigerator
Cooling
Window Units
Sewer
Public Sewer
Construction
Year Built
Year Built: 1923
Home type
Triplex
Construction Materials
Aluminum Siding, Vinyl Siding
Roof
Asphalt, Fiberglass
Property Condition
Updated Remodeled
Utilities & Energy
Parking Features
Detached, Garage
Water Source
Public
Laundry Features
Common Area, In Basement
Basement
Full
Other Features
Subdivision Name
Berwick Ext Sub
Disclosures
Principal Is Real Estate Licensed
Price History
| Date | Event | Price |
|---|---|---|
10/23/2026 Source: | Contingent (Active Under Contract) | $200,000 $103/sqft |
09/11/2026 Source: | Listed for Sale | $200,000 -4.76% $103/sqft |
09/03/2026 Source: | Off Market | $210,000 $108/sqft |
08/01/2026 Source: | Listed for Sale | $210,000 $108/sqft |
North Shore Collinwood Ranks #32 in Cleveland, OH
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Based on information from the Board/Association of REALTORS® (alternatively, from the Service) through Oct 29, 2026, 08:45PM. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings held by brokerage firms other than Houzeo are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. Houzeo participates in MLS Now IDX program, allowing us to display other IDXP’s’ listings on our website. However, Houzeo does not display the entire MLS Now IDX database on this website. The listings of some real estate brokerage firms have been excluded. The photos may be altered, edited, enhanced or virtually staged. © 2026 Multiple Listing Service, Inc. All Rights Reserved
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