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    718 E 124Th St Cleveland, OH 44108

    Sponsored
    For Sale
    $320,000

    MULTI_FAMILY - Cleveland, OH

    Lot size:
    0.12 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 6 at 9:06 pm

    Property Features for 718 E 124Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 5, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 6, Basement, Bathroom 1, Bedroom 1, Bathroom 5, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 8, Bedroom 4
    Bedrooms
    8
    Bathrooms
    4
    APN
    110-05-013
    Parking features
    Driveway
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asphalt

    Keller Williams Elevate (440) 572-1200 [email protected]

    Listing agent Kimberly Reed (330) 800-4400 License #2020000139

    Listing date Jan 4, 2026

    MLS# 5179398 Listing URL

    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.

    Overview

    Cleveland Multifamily Investment Opportunity

    This solid brick 4-unit investment property in Cleveland, OH, offers immediate cash flow and value-add potential. Two of the four units are currently rented at $1,020 per month. Each unit is currently on a month-to-month lease, providing in-place income with the flexibility to adjust rental rates. The well-maintained building features durable masonry construction, private balconies, and strong curb appeal. Spacious layouts and natural light enhance tenant appeal. The month-to-month tenancy allows a new owner to implement their investment strategy quickly. This property is ideal for investors seeking stabilized income with upside, portfolio expansion, or a value-add multifamily opportunity. The lot size is 0.115 acres.
    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 Clothing Store Building Supply 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
    -81.599079
    Latitude
    41.537506

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    FAQs

    What type of property is this?
    Quadplex - Solid brick 4-unit property with cash flow and value-add potential.
    Where is this quadplex located?
    The property is located at 718 E 124Th St Cleveland, OH.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Immediate cash flow from two rented units at $1,020/month.; - Value-add potential with month-to-month leases allowing for rent adjustments or renovations.; - Solid brick construction ensures durability and low maintenance.
    (330) 800-4400
    Request Owner's contact information
    718 E 124Th St Cleveland, OH 44108
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    Cleveland, OH 44108
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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
    718 E 124Th St Cleveland, OH 44108
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