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Four-Unit Brick Quadplex
New
For Sale
$74,900

1231 E 124th St, Cleveland, OH 44108

Interior framing and several building systems are in place, with renovation work remaining.

Property Size4,024 SF
Price / SF$18.61
Days on Market6

Property Features for 1231 E 124th St

General Information

Standard status Active
Size 4,024 SF
Property subtype Multi-Family

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Building Details

Year Built 1920
Buildings 1
Construction all-brick
Listing Agency: Century 21 Homestar
Listed By: Shane Reid shanereid97@gmail.com, 330-577-7080
Source: Themucciteam
Added: Oct 12 Changed: Oct 16 Last Checked: Oct 16 at 9:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Homestar

Rey
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Investment Insights

Based on property information with market context.

This 4,024-square-foot, all-brick quadplex contains four units, each configured with two bedrooms and one full bathroom. The rehabilitation is unfinished: interior rooms have been framed, and drywall is on site for installation and finishing. Newer electrical panels, mechanical systems, windows, and entry doors are among the completed improvements.

Built in 1920, the property is located at 1231 E 124th St in Cleveland, Ohio. The unit mix totals eight bedrooms and four bathrooms across the building, with further renovation required to complete the interiors.

Key Highlights

  • Four residential units, each with 2 bedrooms and 1 full bathroom
  • Approximately 4,024 square feet
  • All‑brick exterior

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

444
Businesses Nearby

Demographics for 44108, OH

20,005
Population
11,798
Households
1.7
Avg Household Size
41
Median Age
16%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,446
Density / Sq Mi
$32,530
Median Household Income
$29,040
Median Earnings
$910
Median Rent
$62,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Interior framing and several building systems are in place, with renovation work remaining.
Where is this quadplex located?
The property is located at 1231 E 124th St Cleveland, OH.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 full bathroom; Approximately 4,024 square feet; All‑brick exterior
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