3274 E 123rd Street, Cleveland, OH 44120
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by: keyano burgess
Office: lokal real estate, llc.
MLS#:5197435
Source:OH_NORMLS
Price summary
- Price:$129,900
- Price per sq. ft.:$55.42
About this home
Welcome to 3274 E 123rd Street in Cleveland—a strong investment opportunity in a high-demand rental corridor with immediate income and upside potential. This well-maintained duplex features a spacious 2-bedroom, 1-bathroom unit on the first floor and a 3-bedroom, 1-bathroom unit on the second floor, offering flexibility for both investors and owner-occupants alike.
The upstairs unit is currently leased at $975 per month through November 2026, providing stable, long-term income from day one. The downstairs unit is vacant and freshly painted, making it rent-ready and primed for immediate occupancy or placement of a new tenant at market rents.
This property has the potential to be a true cash-flowing asset. Based on CMHA payment standards for the 44120 zip code, 2-bedroom units can generate up to $1,367 per month and 3-bedroom units up to $1,762 per month—bringing the total potential monthly rent to approximately $3,129 when fully optimized.
For added peace of mind, major mechanical updates have already been completed, including newer furnaces and hot water tanks, reducing near-term capital expenditure concerns for the next owner.
Whether you’re looking to expand your portfolio or secure a performing asset with strong rental upside, this property checks all the boxes. Reach out to your favorite Realtor today—this opportunity will not last long!...
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Home facts
- Year built:1918
- Listing ID #:5197435
- Added:91 day(s) ago
- Updated:June 30, 2026 at 08:18 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:12
- Basement:Yes
- Basement Description:Full
- Living area:2,344 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Slate
- Year built:1918
- Building area:2,344 sq. ft.
- Lot area:0.11 Acres
- Construction Materials:Aluminium Siding, Vinyl Siding
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$129,900
- Price per sq. ft.:$55.42
- Tax amount:$883 (2025)
Parking
- Parking description:Driveway
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