Vacant Duplex with Full
1926 E 123rd Street Cleveland, OH 44106
For Sale
$220,000
Pending
MULTI_FAMILY - Cleveland, OH
Property Size1,431 SF
Lot Size0.03 Acres
Days on Market111
Property Features for 1926 E 123rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 2, Basement, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Driveway
Standard status
Pending
APN
120-30-030
Size
1,431 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
397 A&B E123 ST REAR 0017 SWP
Tax Annual Amount
4097
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Building materials
AluminumSiding, VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
RE/MAX Haven Realty
(440) 519-3100
Listed By:
Michael Azzam · License #2014004734
(216) 446-7606
Added: Apr 10
Changed: Jul 28
Last Checked: Jul 29 at 5:06AM
MLS# 5200105
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.
Investment Insights
Based on property information with market context.
This duplex is fully vacant and designed for straightforward leasing, with two separate living areas. Each unit includes 2 bedrooms and 1 full bathroom, plus a spacious living room and a functional kitchen with room for dining. A full basement extends the usable footprint for storage and supports future improvement planning. The property’s duplex configuration provides independent unit layouts while maintaining a consistent overall package.
Located at 1926 E 123rd Street in Cleveland (44106), the home is positioned in the Little Italy area, with references in the remarks to nearby Mayfield Road and local dining and shopping options. The property is described as having convenient access to University Circle’s museums and the RTA Red Line, which may appeal to tenants seeking everyday walkability and broader transit connectivity. The site sits on a 0.0344-acre lot.
For buyers and investors, the immediate vacancy can simplify transitioning to new tenants, whether pursuing standard rental placement or a house-hack approach. With both units sharing the same core 2-bedroom, 1-bath plan, the asset may be appealing to operators looking for repeatable unit economics and manageable turn-over. Full-service property management is referenced as available, including leasing and marketing support, along with rehab and construction services for remote investors.
Located at 1926 E 123rd Street in Cleveland (44106), the home is positioned in the Little Italy area, with references in the remarks to nearby Mayfield Road and local dining and shopping options. The property is described as having convenient access to University Circle’s museums and the RTA Red Line, which may appeal to tenants seeking everyday walkability and broader transit connectivity. The site sits on a 0.0344-acre lot.
For buyers and investors, the immediate vacancy can simplify transitioning to new tenants, whether pursuing standard rental placement or a house-hack approach. With both units sharing the same core 2-bedroom, 1-bath plan, the asset may be appealing to operators looking for repeatable unit economics and manageable turn-over. Full-service property management is referenced as available, including leasing and marketing support, along with rehab and construction services for remote investors.
Key Highlights
- Duplex with both units featuring 2 bedrooms and 1 full bathroom layout
- Fully vacant property ready for immediate tenant placement
- Full basement provides additional storage space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.6k | $17.88 |
| − Vacancy | −$1.2k | −$0.80 |
| EGI | $24.4k | $17.08 |
| − OpEx | −$7.3k | −$5.12 |
| NOI | $17.1k | $11.95 |
1,431 SF · lease $17.88/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.3K
$213.8K – $285.1K
NOI $17,104 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$226.7K
$198.3K – $264.5K
NOI $15,867 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$349.2K
$305.6K – $407.4K
NOI $24,445 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully vacant duplex with two 2-bedroom, 1-bath units and a full basement for tenant-ready flexibility.
Where is this duplex located?
The property is located at 1926 E 123rd Street Cleveland, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Duplex with both units featuring 2 bedrooms and 1 full bathroom layout; Fully vacant property ready for immediate tenant placement; Full basement provides additional storage space
