2718 Cleveland St

Dallas, TX 75215

$995,000
Price
—
Beds
—
Baths
8,000 Sq. Ft.
$124 / Sq. Ft.
8,000
Sq. Ft.
$124
per Sq. Ft.
New
New

Description

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...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.
  1. Listed by Matteo Faeth • TREC #0619346 • Dallas Property Advisors, LLC • 469-554-0430

Property Details for 2718 Cleveland Street

Subdivision Name
D L Richardsons
Pool
No
Number Of Parking Spaces
10
Lot Size Dimensions
100x125
LISTING UPDATED: 02/03/2026 08:10 PM

Property Details for 2718 Cleveland Street

StatusActive
MLS #21169358
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1961
Lot Size0.29 AC / 12,501 SF
CountyDallas County

Location

Listing Courtesy of Dallas Property Advisors, LLC, Matteo Faeth
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Building Information for 2718 Cleveland Street

Stories2Residences8Year Built1961Building Size-Lot Size0.29 AC / 12,501 SF

Payment Calculator

$6,479 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,849

Property Taxes

$1,630

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2718 Cleveland Street

Summary
Location and General Information
  • Block: 21118
  • Complex Name: 2718 Cleveland
  • Directions: Head west on Al Lipscomb. Make a left on Cleveland. Property is on the left hand side.
  • Elementary School: Dunbar
  • Elementary School Name: Dunbar
  • High School: Madison
  • High School Name: Madison
  • Middle School: Dade
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Dallas ISD
  • Geocode Confidence: High
  • Latitude: 32.76
  • Longitude: -96.78
  • State: Texas
Parking
  • Parking Features: Common
Taxes and HOA Information
  • Tax Legal Description: D L RICHARDSON BLK 2/1118 LT 4,10 FT LT 3 & 2
  • Association Type: None
  • Tax Lot: 3
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Laminate, Tile
  • Heating: Central
  • Interior Features: Other
  • Appliances: Electric Range, Microwave, Refrigerator
  • Cooling: Central Air, Window Unit(s)
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Owner
  • Construction Materials: Stucco
  • Foundation Details: Pillar/Post/Pier
  • Number Of Stories: 2
  • Roof: Flat
  • Waterfront: No
  • Horse Permitted: No
  • Number Of Units Total: 8
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Accessory Unit: No
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Interior Lot
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.287
  • Lot Size Area: 0.287
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • Lot Size Square Feet: 12501.72
  • Multi Parcel ID: No
  • Parcel Number: 00000141223000000
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 9.12%
  • Gross Annual Expenses: $69,377
  • Gross Annual Income: $160,120
  • Insurance Expense: $7,500
  • Tenancy: Over 9 Months
  • Net Operation Income: $90,742.00

Property History for 2718 Cleveland Street

DateEvent & SourcePriceAppreciation
Feb 3, 2026

Listed (Active)

NTREIS #21169358

$995,000—
DateEvent & SourcePrice
02/03/2026

Listed (Active)

NTREIS #21169358

$995,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2718 Cleveland Street

Taxable ValueLand$125,000Additions$800,000Total$925,000
Tax Record2024$19,557 ($1,630 / month)
Home Facts
Total Finished SqFt8,160 SqFtAbove Grade Finished SqFt8,160 SqFtStories2Lot Size12,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningZ239CountyDALLASAPN00000141223000000

Schools near 2718 Cleveland Street

This home is within Dallas Independent School District.
Rating
School
Type
Grades
Distance
Paul L Dunbar Learning Center
Public - PK to 5
Billy Earl Dade Middle School
Public - 6 to 8
James Madison High School
Public - 9 to 12
Dr. Martin Luther King Jr. Arts Academy
Public - PK to 7
Rating
School
Distance
Paul L Dunbar Learning Center
PublicPK to 5

Billy Earl Dade Middle School
Public6 to 8

James Madison High School
Public9 to 12

Dr. Martin Luther King Jr. Arts Academy
PublicPK to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2718 Cleveland Street, Dallas, TX 75215

2718 Cleveland Street is a multi-family home for sale in Dallas, TX 75215. This property was listed for sale on February 3, 2026 by Dallas Property Advisors, LLC, it's currently listed at $995,000. This listing's school district is Dallas Independent School District. Nearby schools include Paul L Dunbar Learning Center, Billy Earl Dade Middle School and James Madison High School. 2718 Cleveland Street is a 0-bed, 0-bath, 8,000 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dallas Property Advisors, LLC, Matteo Faeth

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 02/03/2026 08:10 PM