Property summary
This 24-unit apartment building, located at 1117 E 125th St, Cleveland, OH 44112, presents a compelling value-add investment opportunity. The property, a three-story, all-brick structure built in 1924, encompasses approximately 24,000 square feet on a 0.67-acre lot. Currently boasting 91% occupancy (22 of 24 units), the building offers a mix of one-bedroom, one-bathroom units ranging from approximately 617 to 922 square feet. Recent capital improvements include a new roof (2024) and upgraded… electrical service via FirstEnergy. Furthermore, 100% of the units have undergone recent updates, including fresh paint, appliance and toilet replacements, and general maintenance. New front balconies and vinyl replacement windows were installed in 2018. A significant portion (55%) of the gross income stems from subsidy-based tenants, ensuring a stable rental base. On-site management is currently in place, offering potential cost savings. Each basement side features laundry hookups, presenting an opportunity for additional income generation. The property includes 24 surface parking spaces and provides dishwashers in every unit. Tenant-paid electric furnace heat and landlord-paid trash, water, and sewer services are in place. The projected net annual operating income at 90% occupancy, factoring in real estate taxes and an 8% management fee, is $106,459, resulting in a 9.46% capitalization rate at the asking price of $1,125,000 ($46,875 per unit). The property is conveniently located near Forest Hills Park, Pattison Park, I-90, Mayfield Road, Little Italy, Case Western Reserve University, Cleveland Clinic, and the Coventry Shopping district, with easy access to public transportation. The building has been converted into condos (all units deeded separately), facilitating individual unit sales. This presents a significant opportunity to increase income by leasing vacant units and utilizing the subsidy voucher program, as well as developing the laundry facilities.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 24,000 SF
- Lot area
- 0.67 ac
- Year built
- 1924
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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- Signals, scores & lead lists
- 1500 owner contacts a month
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- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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