Search
Six-Unit Apartment Building
For Sale
$399,000

4158 E 120th St, Cleveland, OH 44105

Six two-bedroom, one-bath units with separate electric and gas meters; owner pays water, sewer, and trash.

Property SizeContact for details
Days on Market351

Property Features for 4158 E 120th St

General Information

Standard status Active
Occupancy 100%

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $4,772
Listing Agency: RE/MAX Omega
Listed By: Jennifer J Webb · License #2020001665
Source: Exprealty
Added: Sep 22, 2025 Changed: Aug 20 Last Checked: Sep 7 at 1:54PM

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 RE/MAX Omega

Investment Insights

Based on property information with market context.

This six-unit apartment complex consists of units with two bedrooms and one bathroom. Each unit has its own electric and gas meters and a separate hot water tank less than three years old. Furnaces are described as newer and less than seven years old, and each unit includes keypad entry. The property also notes brand new 2025 commercial fire extinguishers in each unit, with the seller offering the building in as-is condition.

The owner is responsible for water, sewer, and trash, and the property has one water meter for the entire building. The individual residents are responsible for their own electric and gas along with cable and internet. The listing indicates one private-pay tenant and the remaining tenants are supported through Section 8, Eden, and frontline SSVS guaranteed, and it also states 100% occupancy and a lead-certified program status.

The rent roll is described as averaging $5,500 per month. No showings are available without an accepted offer, and walkthroughs and inspections are to be scheduled concurrently; tenants are not to be disturbed.

Key Highlights

  • Six‑unit apartment complex; each unit is 2 bed / 1 bath.
  • Tenants pay their own electric, gas, and cable/internet; owner pays water, sewer, and trash.
  • Separate electric and gas meters for each unit; one water meter services the entire building.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Pharmacy Kitchen & Bath Showroom Gym & Fitness Center

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

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

334
Businesses Nearby

Demographics for 44105, OH

34,100
Population
17,528
Households
1.9
Avg Household Size
38
Median Age
11%
College-Educated
83%
High-School Grad
8.9 sq mi
ZIP Area
3,831
Density / Sq Mi
$38,294
Median Household Income
$32,389
Median Earnings
$888
Median Rent
$56,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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 - Six two-bedroom, one-bath units with separate electric and gas meters; owner pays water, sewer, and trash.
Where is this apartment building located?
The property is located at 4158 E 120th St Cleveland, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Six‑unit apartment complex; each unit is 2 bed / 1 bath.; Tenants pay their own electric, gas, and cable/internet; owner pays water, sewer, and trash.; Separate electric and gas meters for each unit; one water meter services the entire building.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message