1978 E 126th Cleveland, OH 44106
For Sale
Contact for pricing
Apartment buildings
Property Size4,921 SF
Price / SF$137.17
Days on Market60
Property Features for 1978 E 126th
General Information
- Standard status
- Active
- Size
- 4,921 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1900
Listing Agency:
CENTURY 21 HomeStar
Listed By:
Angela Molitoris · License #OH 390617
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 26 at 4:30AM
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
Investment Insights
Based on property information with market context.
Key Highlights
- Rare 6‑plex cash‑flow investment in a 3‑level home on a dead‑end/private street
- Updated 4,921 SF building (year built 1900) with remodeled apartments
- Unit mix: four 2‑bedroom / 1‑bath units and two 1‑bedroom / 1‑bath units; 10 bedrooms and 6.5 baths total
Financial Insights For Apartment 5plus
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 | $103.3k | $21.00 |
| − Vacancy | −$4.1k | −$0.84 |
| EGI | $99.2k | $20.16 |
| − OpEx | −$44.6k | −$9.07 |
| NOI | $54.6k | $11.09 |
4,921 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$779.5K
$682.1K – $909.4K
NOI $54,564 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,062 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
Where is this apartment building located?
The property is located at 1978 E 126th Cleveland, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Rare 6‑plex cash‑flow investment in a 3‑level home on a dead‑end/private street; Updated 4,921 SF building (year built 1900) with remodeled apartments; Unit mix: four 2‑bedroom / 1‑bath units and two 1‑bedroom / 1‑bath units; 10 bedrooms and 6.5 baths total
