1243 E 124th Street, Cleveland, OH 44108

$212,000

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Sold Price
$212,000
List Price
$240,000
Status
CLOSED
Days on Market
117
Closing Date
Jan 13, 2026
MLS#
5158022
Subtype
Commercial Sale
Year Built
1920
Acres
0.17
Subdivision
D P Putnam & G F Mills
Neighborhood
D P Putnam & G F Mills
MLS Area Major
Cleveland

Property Description

Fantastic Investment Opportunity! Spacious six-unit apartment building conveniently located near the heart of Cleveland’s University Circle expansion area. This solid brick property has updated vinyl replacement windows and offers generously sized 2-bedroom, 1-bath units with bright living rooms and eat-in kitchens. A full basement provides laundry hookups and additional storage. Currently, four units are occupied (two with Section 8) and with potential to add another $1,700 once the remaining two units are leased. With all major mechanicals in place, this property is well-positioned for steady rental income and future equity growth. Close to schools, public transit, parks, and just minutes from downtown Cleveland—an excellent choice for investors or owner-occupants.

Additional Information

Taxes
$4,241
Heating
Forced Air
Air Conditioning
None
Roof
Rubber
Parking Features
Driveway
School District
Cleveland Municipal - 1809

Listing Courtesy of: Carol Y Joiner, cyjoiner@gmail.com With Keller Williams Greater Metropolitan

Selling Office: Berkshire Hathaway HomeServices Stouffer Realty.

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