Listing provided courtesy of Dallas Property Advisors, LLC- MLS# 21169358MLS ProviderContact Information: Matteo Faeth - 469-554-0430

2718 Cleveland StreetDallas, TX 75215

Multi-Family · 8,000 Sq. ft. | 0.29 Acres
$995,000 Active

2718 Cleveland Street Overview

Visits:
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2718 Cleveland is an 8-unit value-add multifamily opportunity located in The Cedars, a rapidly transforming neighborhood just south of Downtown Dallas and Deep Ellum. The property benefits from immediate access to major employment centers, entertainment districts, and ongoing neighborhood reinvestment. The asset features rare, oversized unit layouts comprised of four (4) 4-bedroom units and four (4) 3-bedroom units, positioning the property to serve strong family and roommate demand within an infill urban submarket. The investment offers a clear value-add business plan, including interior renovations to drive rent growth, property tax appeals to reduce expenses, and the opportunity to shift electricity to tenant responsibility, aligning operating costs with market standards and increasing NOI. With its irreplaceable Cedars location, unique unit mix, and multiple paths to income growth, 2718 Cleveland presents an attractive opportunity for investors seeking durable cash flow with meaningful upside in a high-growth Dallas submarket.

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2718 Cleveland Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 8,000
  • Price/Sq.ft. $124
  • Lot 0.29 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Dallas ISD
  • Elementary School: Dunbar
  • Middle Or Junior School: Dade
  • High School: Madison

Income/Expenses

  • Gross Income: 160120.0
  • Insurance Expense: 7500.0
  • Net Operating Income: 90742.0

Building Information

  • Year Built: 1961
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Dallas
  • Postal City: DALLAS
  • Subdivision Name: D L Richardsons

Tax Information

  • Tax Annual Amount: 20674.0

General Information

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Senior Community: No

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Owner
  • Building Area Total: 8000.0

General Information

  • Appliances: Electric Range,Microwave,Refrigerator
  • Flooring: Laminate,Tile
  • Foundation Details: Pillar/Post/Pier
  • Interior Features: Other
  • Levels: Two
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Common
  • Parking Total: 10.0

Lot Information

  • Lot Features: Interior Lot
  • Lot Size Acres: 0.287
  • Lot Size Area: 0.287
  • Lot Size Dimensions: 100x125
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12501.72
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Stucco
  • Roof: Flat

General Information

  • Number Of Units Total: 8
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2718 Cleveland Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2718 Cleveland Street Market Data

Based on the last 30 days in this zip code

$314,457
Average List Price
$189
Average Price per Square Foot
22
Properties Sold
101
Average Days on Market
153
Properties for Sale
Calculations provided by Reliance Network


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