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2718 Cleveland Street

Dallas, TX 75215

$895,000

8 units · 1961

Units8
Building area8,000 sq ft
Year built1961
Gross income$160,120/yr
Cap rate10.14% as listed
Parking10 spaces
Lot size0.287 acres
TypeApartment

What it costs to own

Taxes$20,674 per year
HOANone listed
Operating expenses$69,377 per year — as listed
Insurance$7,500 per year — as listed
Net operating income$90,742 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

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.

The details

HeatingCentral
CoolingCentral Air, Window Unit(s)
FlooringLaminate, Tile
AppliancesElectric Range, Microwave, Refrigerator
Interior featuresOther

Construction materialsStucco
RoofFlat
FoundationPillar/Post/Pier

Lot featuresInterior Lot
Water sourceCity Water
SewerCity Sewer

SubdivisionD L Richardsons

ElementaryDunbar
Middle schoolDade
High schoolMadison
DistrictDallas ISD

Gross income$160,120 per year
Operating expenses$69,377 per year
Insurance$7,500 per year
Cap rate10.14% — as listed
Net operating income$90,742 per year

MLS #21330836
Source
Price changeReduced by $100,000 · Sep 14, 2026
On the market209 days
CountyDallas

Around this home

One moment…

Everyday life

Nearest groceryTom Thumb · 1.9 mi
Nearest parkSamuell Beaumont Park · 0.8 mi

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Listing courtesy of Dallas Property Advisors, LLC — Matteo Faeth.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21330836. Information last updated September 14, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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