18515 Underwood Avenue

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

18515 Underwood Avenue

Cleveland, OH 44119
Asking Price
$315K
Asset Type
Multifamily
Class
Class B

What's Special

18515 Underwood Avenue is located in the North Collinwood neighborhood of Cleveland, Ohio. This residential pocket is positioned near the shores of Lake Erie and provides proximity to Waterloo Arts District, known for its local galleries and retail. The property is situated within reach of major transit corridors, including I-90 and Lake Shore Boulevard, facilitating commutes to downtown Cleveland and University Circle. Local amenities include public parks, grocery stores, and community centers within a short driving distance. The multifamily asset is suited for long-term rental portfolios or owner-occupant investment strategies. The typical tenant profile includes local workforce professionals and individuals seeking a residential setting with access to urban employment hubs. Given the neighborhood's density and location, the property supports stable occupancy for households prioritizing proximity to regional healthcare systems and industrial employment centers.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

NOI
$80,000
Cap Rate
25.40%
DSCR
4.28
Strong
Cash-on-Cash
64.87%
Monthly Payment
$1,558.448
Annual Cash Flow
$61,298.622

Location & Travel Times