$129,900

3274 E 123rd Street, Cleveland, OH 44120

5 beds |
2 baths |
2,344 sqft

Duplex
Built in 1918
4,901sqft lot
—— car garage
$55/sqft
Listed 2 days ago

Property Description

Welcome to 3274 E 123rd Street in Cleveland—a strong investment opportunity in a high-demand rental corridor with immediate income and upside potential. This well-maintained duplex features a spacious 2-bedroom, 1-bathroom unit on the first floor and a 3-bedroom, 1-bathroom unit on the second floor, offering flexibility for both investors and owner-occupants alike. The upstairs unit is currently leased at $975 per month through November 2026, providing stable, long-term income from day one. The downstairs unit is vacant and freshly painted, making it rent-ready and primed for immediate occupancy or placement of a new tenant at market rents. This property has the potential to be a true cash-flowing asset. Based on CMHA payment standards for the 44120 zip code, 2-bedroom units can generate up to $1,367 per month and 3-bedroom units up to $1,762 per month—bringing the total potential monthly rent to approximately $3,129 when fully optimized. For added peace of mind, major mechanical updates have already been completed, including newer furnaces and hot water tanks, reducing near-term capital expenditure concerns for the next owner. Whether you’re looking to expand your portfolio or secure a performing asset with strong rental upside, this property checks all the boxes. Reach out to your favorite Realtor today—this opportunity will not last long!

Listing Status:: Active
Data Last Updated:: April 1, 2026 at 6:20PM
Listing Office:: Lokal Real Estate, LLC. : 216-252-6580
Listing Agent:: Keyano Burgess : 216-387-7220
MLS ID:: 5197435

Basement: Full
A/C: Other
Heating: Forced AirGas

Parking: Driveway

Roofing: Slate
General: Aluminum SidingVinyl Siding1

Originating MLS: NOWDD_NORM
School District: Cleveland Municipal - 1809
County: Cuyahoga

Zoning: 445 CRAWFWDL 0134 ALL130-04-098

Water: Public
Sewer: Public Sewer

Source: NOWDD_NORM

This listing courtesy of Keyano Burgess , Lokal Real Estate, LLC.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Nathan Hale PreK-8 School

3588 Martin Luther King Jr Dr, Cleveland, OH, 44105

Grades PK-8

0.84 miles away

Nathan Hale PreK-8 School

3588 Martin Luther King Jr Dr, Cleveland, OH, 44105

Grades PK-8

0.84 miles away

John Adams College and Career Academy

3817 Martin Luther King Jr Dr, Cleveland, OH, 44105

Grades 9-12

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.