1926 E 123rd Street Cleveland, OH 44106
MULTI_FAMILY - Cleveland, OH
Property Features for 1926 E 123rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
- Parking features
- Driveway
- Standard status
- Active
- 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
- Asphalt, Fiberglass
Listing agent Michael Azzam License #2014004734 (216) 446-7606
Listing office RE/MAX Haven Realty 34050 Solon Road, Suite 100, Garfield Hts., OH (440) 519-3100
Listing date Apr 10, 2026
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.
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 built in 1900 with aluminum and vinyl siding and a driveway for parking
- Both units feature 2 bedrooms and 1 full bathroom with a living room and kitchen with room for dining
- Full basement included, offering extra storage space
Local 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 |
