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    12601 Signet Ave Cleveland, OH 44120

    Pending
    For Sale
    $175,000

    MULTI_FAMILY - Cleveland, OH

    Lot size:
    0.16 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 12601 Signet Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bedroom 5, Bedroom 6, Bathroom 4, Basement, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 2
    Bedrooms
    8
    Bathrooms
    4
    APN
    129-29-124
    Parking features
    On Street
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Building materials
    WoodSiding
    Roof type
    Slate

    Greater Cleveland (216) 839-5500 [email protected]

    Listing agent Michael T Arko (440) 520-4270 License #2019000138

    Listing date Nov 21, 2025

    MLS# 5167213 Listing URL

    Copyright © 2025 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.

    Overview

    Cleveland Multifamily Investment Opportunity

    Located in Cleveland's Mount Pleasant neighborhood, 12601 Signet Ave is a 4-unit multifamily property. Each unit includes 2 bedrooms and 1 bathroom. Currently, one unit is occupied at a rate of $750 per month, while the remaining three units are vacant and require minor renovations to be rent ready. Based on a potential rent of $850 per month per unit, the proforma gross income for the building is $3,250 per month, or $39,000 annually. The property provides off-street parking and a shared basement suitable for storage or laundry. The location offers convenient access to major highways, schools, and public transportation. This property presents an opportunity for investors to add value, increase rents, and maximize cash flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.594199
    Latitude
    41.472244

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property in Cleveland's Mount Pleasant neighborhood.
    Where is this quadplex located?
    The property is located at 12601 Signet Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Proforma gross income of $39,000 annually.; - Four-unit multifamily property, each featuring 2 bedrooms and 1 bathroom.; - Maximize cash flow with minor renovations and increased rents.
    (440) 520-4270
    Request Owner's contact information
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    Cleveland, OH 44120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12601 Signet Ave Cleveland, OH 44120
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