5-Unit Apartment
For Sale
$600,000
1946 E 124th Place, Cleveland, OH 44106
CommercialSale, Cleveland, OH
Property SizeContact for details
Lot Size0.11 Acres
Days on Market13
Property Features for 1946 E 124th Place
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Multi-Family
Rooms
Basement
Parking
5
Subdivision
Cleminshaw & Kilbourne Sub
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Mayfield Road to East 124th Street in Little Italy
Standard status
Active
APN
120-32-069
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
397 C&K S/L 57 NP 0056 ALL
Tax Annual Amount
8630
Legal Description
397 C&K S/L 57 NP 0056 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Roof type
Asphalt, Fiberglass
Listing Agency:
Russell Real Estate Services
(440) 572-3100
Listed By:
Michael P Terrigno · License #2011001207
(440) 773-4619
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 31 at 8:06AM
MLS# 5237766
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 5-unit apartment building in Cleveland’s Little Italy area dates to 1900 and includes a basement, asphalt and fiberglass roofing, forced-air natural-gas heating, and window-unit cooling. Each apartment has its own furnace and hot-water tank, supporting separate unit-level operation. The property is occupied by long-term tenants.
Situated at 1946 E 124th Place, the building occupies 0.11 acres and is served by public water and public sewer. Its five-apartment configuration, established tenancy, and individual heating and hot-water systems provide a clearly defined multifamily layout.
Situated at 1946 E 124th Place, the building occupies 0.11 acres and is served by public water and public sewer. Its five-apartment configuration, established tenancy, and individual heating and hot-water systems provide a clearly defined multifamily layout.
Key Highlights
- Five‑unit apartment building on a 0.11‑acre lot
- Each apartment has its own furnace and hot‑water tank
- Occupied by long‑term tenants
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,543
Businesses Nearby
Explore this area
Business Placement
Demographics for 44106, OH
26,608
Population
13,287
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
6,188
Density / Sq Mi
$42,869
Median Household Income
$27,056
Median Earnings
$1,024
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Five separately metered residences feature dedicated heating and hot-water equipment, established occupancy, and public utility service.
Where is this apartment building located?
The property is located at 1946 E 124th Place Cleveland, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Five‑unit apartment building on a 0.11‑acre lot; Each apartment has its own furnace and hot‑water tank; Occupied by long‑term tenants
