2051 W 18 Street Cleveland, OH 44113
MULTI_FAMILY - Cleveland, OH
Property Features for 2051 W 18 Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Basement
- Parking features
- On Street, Garage
- 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
- Forced Air, Other (Heating), Natural Gas
- 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 agent Brent M Burke License #2013002938 (440) 258-2248
Listing office RE/MAX Crossroads Properties 1100 Linda Street, Strongsville, OH (440) 331-2870
Listing date Jun 30, 2026
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.
The property is situated in Cuyahoga County and is presented as a residential income opportunity for buyers seeking a smaller-scale multi-family hold. It is being marketed with a single total price and is part of a multi-family property listing.
For investors and owner-occupants considering a residential rental strategy, this asset provides a compact footprint with defined total square footage on a small parcel. Prospective buyers should review the unit layout and condition details during due diligence to confirm fit for their operating plan and expected tenant profile.
Key Highlights
- Year built: 1890
- Exterior construction: vinyl siding
- Heating includes natural gas forced air (plus other heating)
Local Financial Insights For Apartment 5plus
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 | $49.1k | $21.00 |
| − Vacancy | −$2.0k | −$0.84 |
| EGI | $47.1k | $20.16 |
| − OpEx | −$21.2k | −$9.07 |
| NOI | $25.9k | $11.09 |
