Steven Graiff
← INNOVATE Real Estate
No photos available for this listing

$600,000

1946 E 124th Place
Cleveland, OH 44106
Listed by Michael P Terrigno · Russell Real Estate Services
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Located in the desirable Little Italy area, this large 5-unit apartment building offers an excellent investment opportunity on an exceptionally spacious double lot, one of the largest lots in the Little Italy area. The property features five separate apartment units, with each unit equipped with its own furnace and hot water tank, providing individual utilities and added convenience for both ownership and tenants. The building is occupied by long-term tenants, offering established rental income and a strong opportunity for an investor looking to add a well-positioned multifamily property to their portfolio.

Property details

MLS #
5237766
Property type
Apartment
Subdivision
Cleminshaw & Kilbourne Sub
Status
Active
Days on market
N/A
On market date
August 19, 2026
Stories
N/A
Garage spaces
N/A
Lot size
0.11 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Mary M Bethune
0.77 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
253
Student:teacher ratio
11.0:1
District
Cleveland Municipal
Middle
Roxboro Middle School
1.15 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
581
Student:teacher ratio
11.9:1
District
Cleveland Heights-University Heights City
High
Cleveland School Of The Arts High School
0.87 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
406
Student:teacher ratio
14.0:1
District
Cleveland Municipal

Mortgage calculator

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Est. monthly payment
$3,763/mo
$120,000 down
$480,000 loan
Principal & interest$3,113
Property tax (est.)$500
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 3 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.