Duplex Income
For Sale
$339,999
Pending
2051 W 18 Street, Cleveland, OH 44113
MULTI_FAMILY - Cleveland, OH
Property Size2,336 SF
Lot Size0.07 Acres
Days on Market35
Property Features for 2051 W 18 Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Garage, On Street
Subdivision
Duck Island
View
City
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
south of the Lorain Carnegie Bridge
Standard status
Pending
APN
004-02-070
Size
2,336 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8241
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Other (Heating), Forced Air
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
RE/MAX Crossroads Properties · RE/MAX International
(440) 331-2870
Listed By:
Brent M Burke · License #2013002938
(440) 258-2248
Added: Jun 30
Changed: Aug 1
Last Checked: Aug 3 at 11:06PM
MLS# 5222414
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Offered for sale, this duplex income property features a total building area of 2,336 square feet and sits on a 0.07-acre lot.
The property is located at 2051 W 18 Street in Cleveland, Ohio 44113, within Cuyahoga County.
As a duplex, the asset is configured to operate as two separate residential units within one building, making it suitable for buyers seeking a residential income structure.
The property is located at 2051 W 18 Street in Cleveland, Ohio 44113, within Cuyahoga County.
As a duplex, the asset is configured to operate as two separate residential units within one building, making it suitable for buyers seeking a residential income structure.
Key Highlights
- Built in 1890
- 4 bedrooms and 2 bathrooms, plus a basement
- Vinyl siding exterior
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.8k | $17.88 |
| − Vacancy | −$1.9k | −$0.80 |
| EGI | $39.9k | $17.08 |
| − OpEx | −$12.0k | −$5.12 |
| NOI | $27.9k | $11.95 |
2,336 SF · lease $17.88/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.9K
$349.0K – $465.4K
NOI $27,922 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$370.0K
$323.8K – $431.7K
NOI $25,902 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$570.1K
$498.8K – $665.1K
NOI $39,904 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 44113, OH
20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex income property for sale in Cleveland, with 2,336 square feet of total building area.
Where is this duplex located?
The property is located at 2051 W 18 Street Cleveland, OH.
What is the asking price?
The asking price for this property is $339,999.
What are key features of this property?
This property features: Built in 1890; 4 bedrooms and 2 bathrooms, plus a basement; Vinyl siding exterior
