Triplex at 18606 Cherokee Avenue, Cleveland
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$200,000

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

About this home

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).

Property details

MLS
NOWDD
MLS #
5244225
Property type
Triplex
Subdivision
Berwick Ext Sub
Status
Active
Days on market
1
On market date
September 10, 2026
Stories
2
Total bathrooms
3
Garage spaces
2
Parking spaces
N/A
Lot size
0.1148 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

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

Walkability

Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

78
Walkable
out of 100
EPA National Walkability Index
14.0 / 20 -- Above average walkable
Google Places amenity density
90 / 100
Restaurants & cafes20
Grocery stores4
Parks8
Schools13
Transit stops20
Pharmacies0

Market position

How this listing compares to current activity in Cleveland, from live MLS data.

On the market 1 days -- 50 fewer days than Cleveland's current average of 51 days.
For reference, the median list price across 2,432 active listings in Cleveland right now is $130,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,354/mo
$40,000 down
$160,000 loan
Principal & interest$1,038
Property tax (est.)$167
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated September 11, 2026.

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.