535 E 123rd Street
Cleveland, OH 44108
Map
- 4 beds
- 1 bath
- 2,160 sqft
- $55 per sqft
- 1900 build
- – on site
Calling all serious investors! This fully occupied 4-bedroom property in the highly sought-after 44108 ZIP code is a cash-flowing asset ready to be added to your portfolio. Currently rented through Section 8 at $1,400/month, this property offers reliable, government-backed income from day one. Located in one of the most active rental corridors in Cleveland, this home is surrounded by other stabilized properties and strong rental demand. The area’s proximity to I-90, University Circle, and downtown Cleveland makes it a consistent performer for long-term rental strategies. Recent updates include all new windows, adding to the property's energy efficiency and overall appeal. Tenants in place, rent secured, and no major updates needed — this is the kind of low-hassle investment opportunity that’s hard to find. Whether you’re expanding your existing holdings or looking to get into Cleveland’s booming rental market, this is the kind of property that delivers immediate ROI and long-term upside.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jul 17, 2025
•
MLS# 5140136 —
The Building
-
Year Built:1900
-
Year Built Source:PublicRecords
-
Construction Materials:AluminumSiding,VinylSiding
-
Architectural Style:Colonial
-
Roof:Asphalt
-
Levels:ThreeOrMore
-
Basement:Full
-
Basement:true
-
Above Grade Finished Area:2160.0
-
Above Grade Finished Area Source:PublicRecords
Interior
-
Rooms Total:10
-
Fireplace:true
-
Fireplaces Total:1
Room Dimensions
-
Living Area:2160.0
-
Living Area Units:SquareFeet
Financial & Terms
-
Possession:DeliveryOfDeed
Location
-
Directions:90 W exit 178 taking Eddy to 123rd
-
Longitude:-81.599615
-
Latitude:41.542572
The Property
-
Property Type:Residential
-
Property Condition:UpdatedRemodeled
-
Property Subtype:SingleFamilyResidence
-
Property Subtype Additional:SingleFamilyResidence
-
Parcel Number:111-09-026
-
Lot Size Acres:0.1194
-
Lot Size Area:0.1194
-
Lot Size Units:Acres
-
Lot Size Source:PublicRecords
-
Waterfront:false
-
Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (440) 694-5551
- Office phone:
- (216) 839-5500
Taxes
-
Tax Year:2024
-
Tax Legal Description:364 S&T 0072 ALL
-
Tax Annual Amount:$1,184
Beds
-
Bedrooms Total:4
Baths
-
Total Baths:1
-
Full Baths:1
The Listing
-
Home Warranty:false
-
Special Listing Conditions:Standard
-
Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/535-E-123rd-Street-Cleveland-OH-44108/unbranded
Heating & Cooling
-
Heating:ForcedAir
-
Heating:true
-
Cooling:None
-
Cooling:false
Utilities
-
Sewer:PublicSewer
-
Water Source:Public
Schools
-
Elementary School District:Cleveland Municipal - 1809
-
Middle School District:Cleveland Municipal - 1809
-
High School District:Cleveland Municipal - 1809
The Community
-
Subdivision Name:Glenville Allotment/Schatzinge
-
Association:false
-
Pool Private:false
Parking
-
Parking Features:Driveway,OnStreet
-
Garage:false
-
Attached Garage:false
-
Carport:false
Monthly cost estimate
Asking price
$120,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$642
|
| Taxes | $98 |
| Insurance | $33 |
| Utilities | $204 See report |
| Total | $977/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/16/25
Jul 16, 2025
|
Listed / Active | MLS_NOW | $120,000 | 3592.3% (407.6% / YR) |
|
9/22/16
Sep 22, 2016
|
MLS_NOW | $3,250 |
35% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $5k above asking price on average, but some went as high as $27k over asking price.
