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Tenant-Occupied Multifamily Property
For Sale
$145,000

2628 E 122nd St, Cleveland, OH 44120

An existing tenant is in place, with Larchmere Boulevard and its arts and retail destinations nearby.

Property Size1,728 SF
Price / SF$83.91
Days on Market8

Property Features for 2628 E 122nd St

General Information

Standard status Active
Size 1,728 SF
Property subtype Multi-Family

Building Details

Year Built 1910
Tenancy Single
Listing Agency: Realuxe Ohio
Listed By: Sabrina R Semidey
Source: Theacclaimedrealty
Added: Sep 30 Last Checked: Oct 5 at 10:44PM

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 Realuxe Ohio

Investment Insights

Based on property information with market context.

The multifamily property at 2628 E 122nd St in Cleveland contains 1,728 square feet and was built in 1910. An existing tenant is in place, providing occupancy at the outset.

Larchmere Boulevard is around the corner, with galleries, antique shops, restaurants, and community events in the district. Shaker Square and University Circle are also nearby.

Key Highlights

  • 1,728 square feet of multifamily space
  • Built in 1910
  • Tenant in place

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Kitchen & Bath Showroom HVAC Service Big Box & Wholesale Store Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,116
Businesses Nearby

Demographics for 44120, OH

34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - An existing tenant is in place, with Larchmere Boulevard and its arts and retail destinations nearby.
Where is this multifamily property located?
The property is located at 2628 E 122nd St Cleveland, OH.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,728 square feet of multifamily space; Built in 1910; Tenant in place
More about this property
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