About This Home

This 6-bedroom, 4-bathroom multi-family at 1231 E 124th Street in Cleveland, OH is listed for $74,900 ($19 per sqft). Built in 1920, the home offers 4,024 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1920
  • 0.17 acre lot
  • 2 stories

Property Details

2 stories
4 full
1920
Listing Description

INVESTMENT OPPORTUNITY! Bring your vision and finish what has already been started with this all-brick, four-unit investment property in Cleveland! Offering approximately 4,024 square feet, this building features four spacious units, each designed with two bedrooms and one full bathroom, for a total of eight bedrooms and four bathrooms.

A substantial rehabilitation project has already been started, providing the next investor with an opportunity to complete the renovations and bring this property back to its full potential. Interior rooms have been framed out, with drywall on-site waiting to be hung and finished.

Additional improvements include newer electrical panels, newer mechanical systems, newer windows, and newer entry doors. Much of the groundwork has been started, leaving the next owner to complete the remaining renovations and finishing touches. The solid brick exterior adds to the appeal of this multifamily investment opportunity.

Whether you're looking to expand your rental portfolio or complete a value-add investment project, this property offers the opportunity to transform an unfinished renovation into a four-unit income-producing asset. Bring your contractor, explore the possibilities, and see the potential for yourself! Schedule your showing today!

Monthly Cost Estimate

$401/mo

20% down · 6.5% · 30 years

Principal$54
Interest$325
Insurance$22

Estimates only. Actual payments may vary.

Location

1231 E 124th Street

Cleveland, OH 44108

Putman & Mills

Property Details

Construction

Brick

Parking

On Street

Heating

Forced Air

Questions & Answers

This 6-bedroom, 4-bathroom multi-family at 1231 E 124th Street is listed at $74,900 ($19/sqft). The estimated monthly payment is $401 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.17 acre lot, 2 stories.

This property is listed by Shane Reid.

SR

Shane Reid

License 429738

Agent at Northeast Ohio Realty LLC

Listed by Northeast Ohio Realty LLC · Broker phone: (440) 449-9100 · View on Broker Site · Broker website

MLS# 5252767· Source: MLS Now· 21 days on PropertySimple

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1231 E 124th Street, Cleveland, OH 44108

Open this listing in: