43
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$129,900
Est. payment /mo
5 Beds
2 Baths
2,344 SqFt
Active Under Contract
3274 E 123rd ST Cleveland, OH 44120
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,344 sqft
Price per Sqft $55
Subdivision Crawford Woodhill Sub
MLS Listing ID 5197435
Bedrooms 5
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,344
Year Built 1918
Annual Tax Amount $883
Tax Year 2025
Contingent Appraisal,Inspections
Lot Size 4,900 Sqft
Acres 0.1125
Property Sub-Type Duplex
Stories One
Story One
Property Description
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!
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!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling Other
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Slate
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 130-04-098
Listed by Keyano Burgess • Lokal Real Estate, LLC. • 216-252-6580, marketing@lokalrealestate.com
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