535 E 123rd St Cleveland, OH 44108
Forest Hills NeighborhoodEstimated payment $764/month
Total Views
860
4
Beds
1
Bath
2,160
Sq Ft
$56
Price per Sq Ft
Highlights
- Colonial Architecture
- No HOA
- Forced Air Heating System
- 1 Fireplace
About This Home
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.
Listing Agent
Keller Williams Greater Metropolitan Brokerage Email: alexysjones@kw.com, 440-694-5551 License #2021001979 Listed on: 07/16/2025
Co-Listing Agent
Keller Williams Greater Metropolitan Brokerage Email: alexysjones@kw.com, 440-694-5551 License #2022006868
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,184
Year Built
- Built in 1900 | Remodeled
Lot Details
- 5,201 Sq Ft Lot
Home Design
- Colonial Architecture
- Asphalt Roof
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 2,160 Sq Ft Home
- 3-Story Property
- 1 Fireplace
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 1 Full Bathroom
Parking
- Driveway
- On-Street Parking
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- No Home Owners Association
- Glenville Allotment/Schatzinge Subdivision
Listing and Financial Details
- Assessor Parcel Number 111-09-026
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,184 | $17,710 | $3,640 | $14,070 |
| 2023 | $622 | $8,015 | $2,135 | $5,880 |
| 2022 | $618 | $8,015 | $2,135 | $5,880 |
| 2021 | $612 | $8,020 | $2,140 | $5,880 |
| 2020 | $581 | $6,580 | $1,750 | $4,830 |
| 2019 | $538 | $18,800 | $5,000 | $13,800 |
| 2018 | $860 | $6,580 | $1,750 | $4,830 |
| 2017 | $1,211 | $9,980 | $3,050 | $6,930 |
| 2016 | $1,184 | $9,980 | $3,050 | $6,930 |
| 2015 | $1,904 | $9,980 | $3,050 | $6,930 |
| 2014 | $3,823 | $11,100 | $3,400 | $7,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | For Sale | $120,000 | +3592.3% | $56 / Sq Ft |
| 09/22/2016 09/22/16 | Sold | $3,250 | -16.7% | $2 / Sq Ft |
| 09/01/2016 09/01/16 | Pending | -- | -- | -- |
| 07/29/2016 07/29/16 | For Sale | $3,900 | -- | $2 / Sq Ft |
Source: MLS Now
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed In Lieu Of Foreclosure | $260,200 | None Listed On Document | |
| Limited Warranty Deed | $3,250 | Ohio Real Title | |
| Sheriffs Deed | -- | None Available | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $9,900 | Unknown |
Source: Public Records
Similar Homes in the area
Source: MLS Now
MLS Number: 5140136
APN: 111-09-026
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