18606 Cherokee Avenue
18606 Cherokee Avenue photo 2
Front Unit
Front
Front
Front
Front
Front
Front
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Front
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Back Efficiency
Back Efficiency
Back Efficiency
Back Efficiency
Back Efficiency
Back Efficiency
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UP Unit
UP Unit
UP Unit
UP Unit
UP Unit
UP Unit
UP Unit
UP Unit
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EV Charger
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40 photos

$210,000

18606 Cherokee Avenue
Cleveland, OH 44119
Listed by Sophie Boehlen · Premier Heights Realty LLC
Bedrooms
5
Bathrooms
3
Living area
1,950 sqft
Year built
1923

About this home

$48K potential GRI... Triplex available on the Cleveland-Euclid border 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, this 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).

Property details

MLS #
5232350
Property type
Triplex
Subdivision
Berwick Ext Sub
Status
Active
Days on market
11
On market date
August 1, 2026
Stories
2
Garage spaces
2
Lot size
0.1148 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Oliver Hazard Perry Elementary School
0.18 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
290
Student:teacher ratio
18.1:1
District
Cleveland Municipal
Middle
Euclid Middle School
1.38 mi away · Grades 6-9
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
973
Student:teacher ratio
13.9:1
District
Euclid City
High
Euclid High School
1.4 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,718
Student:teacher ratio
16.4:1
District
Euclid City

Mortgage calculator

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Est. monthly payment
$1,415/mo
$42,000 down
$168,000 loan
Principal & interest$1,090
Property tax (est.)$175
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 13 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.