Dallas, TX 75215 2718 Cleveland Street

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  • North Texas Real Estate Info Systems (NTREIS) - 37 - TX
  • MLS# 21169358
  • 02/03/2026
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Presented By: Dallas Property Advisors, LLC
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
  • Beds • 8
  • Baths • 8
  • Year Built • 1961

Home Details

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.
Presented By: Dallas Property Advisors, LLC

Interior Features for 2718 Cleveland Street

Bathrooms

Total Baths

Other Interior Features

FlooringLaminate, Tile
Interior FeaturesOther
Lock Box TypeNone
Occupancy Rate100
Total Units8
Unit Count

General for 2718 Cleveland Street

# of Buildings1
Accessory Unit Y/NNo
AppliancesElectric Range, Microwave, Refrigerator
Capitalization Rate9.12
CityDallas
Complex Name2718 Cleveland
Construction MaterialsStucco
CoolingCentral Air, Window Unit(s)
CountyDallas
DirectionsHead west on Al Lipscomb. Make a left on Cleveland. Property is on the left hand side.
Elementary SchoolDunbar
Elementary School NameDunbar
Gross Annual Expenses69377.00
HOA TypeNone
HeatingCentral
High SchoolMadison
Insurance Expense7500
LevelsTwo
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeApartment
Property TypeResidential Income
RoofFlat
School DistrictDallas ISD
Standard StatusActive
StatusActive
Subdivision NameD L Richardsons
TenancyOver 9 Months
Unexempt Taxes20674
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1961
Year Built DetailsPreowned

Exterior for 2718 Cleveland Street

Building Area Total8000.00
Foundation Pillar/Post/Pier
Lot FeaturesInterior Lot
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.2870
Lot Size Area0.2870
Lot Size Dimensions100x125
Lot Size SourceAssessor
Lot Size Square Feet12501.7200
Lot Size UnitsAcres
Number Of Parking Spaces10
Parking FeaturesCommon
WaterfrontNo

Additional Details

Price History

Schools

Middle School N/A
High School N/A
Elementary School Dunbar Elementary School

Suzanne Smith

Broker/Owner
Price $995,000
MLS#21169358
List Date 02/03/2026
Property Type Multi-Family
Phone 903.235.4216
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