718 E 124th St Cleveland, OH 44108
Forest Hills NeighborhoodEstimated payment $1,998/month
About This Home
Solid brick 4-unit investment property with immediate cash flow and value-add potential. Two of the four units are currently rented at $1,020 per month. Each unit is currently on a month-to-month lease - providing in-place income with flexibility to adjust. NEWER MECHANICALS (hot water tank, furnaces, all new PEX plumbing, roof updated in 2025, new electrical boxes) This well maintained building features durable masonry construction, private balconies and strong curb appeal. Spacious layouts and natural light enhance tenant appeal, while the month to month tenancy allows a new owner to implement their investment strategy quickly. Ideal for investors seeking stabilized income with upside, portfolio expansion, or a value-add multifamily opportunity in Cleveland.
Listing Agent
Keller Williams Elevate Brokerage Email: kimsoldit4U@gmail.com, 330-800-4400 License #2020000139 Listed on: 01/04/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,202
Year Built
- Built in 1920 | Remodeled
Parking
- Driveway
Home Design
- Brick Exterior Construction
- Asphalt Roof
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Utilities
- No Cooling
- Heating System Uses Gas
Additional Features
- 2-Story Property
- 5,009 Sq Ft Lot
- Basement
Listing and Financial Details
- Assessor Parcel Number 110-05-013
Map
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 | $4,202 | $40,705 | $1,960 | $38,745 |
| 2023 | $9,142 | $40,710 | $1,960 | $38,750 |
| 2022 | $1,526 | $15,300 | $1,960 | $13,340 |
| 2021 | $3,386 | $15,300 | $1,960 | $13,340 |
| 2020 | $3,665 | $31,850 | $1,750 | $30,100 |
| 2019 | $2,522 | $63,300 | $5,000 | $58,300 |
| 2018 | $3,529 | $22,160 | $1,750 | $20,410 |
| 2017 | $1,725 | $10,020 | $3,680 | $6,340 |
| 2016 | $5,491 | $10,020 | $3,680 | $6,340 |
| 2015 | $4,108 | $10,020 | $3,680 | $6,340 |
| 2014 | $2,568 | $11,910 | $4,380 | $7,530 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/04/2026 01/04/26 | For Sale | $320,000 | +146.2% | -- | |
| 02/02/2024 02/02/24 | Sold | $130,000 | -21.2% | $66 / Sq Ft | View Prior Sale |
| 01/08/2024 01/08/24 | Pending | -- | -- | -- | |
| 12/01/2023 12/01/23 | For Sale | $165,000 | 0.0% | $83 / Sq Ft | |
| 11/27/2023 11/27/23 | Pending | -- | -- | -- | |
| 11/14/2023 11/14/23 | For Sale | $165,000 | 0.0% | $83 / Sq Ft | |
| 03/02/2022 03/02/22 | Sold | $165,000 | -5.7% | $25 / Sq Ft | View Prior Sale |
| 12/22/2021 12/22/21 | Pending | -- | -- | -- | |
| 12/10/2021 12/10/21 | For Sale | $175,000 | 0.0% | $27 / Sq Ft | |
| 11/30/2021 11/30/21 | Pending | -- | -- | -- | |
| 11/23/2021 11/23/21 | For Sale | $175,000 | +1368.1% | $27 / Sq Ft | |
| 01/18/2017 01/18/17 | Sold | $11,920 | -20.0% | $2 / Sq Ft | View Prior Sale |
| 12/20/2016 12/20/16 | Pending | -- | -- | -- | |
| 11/09/2016 11/09/16 | For Sale | $14,900 | -- | $2 / Sq Ft |
Source: MLS Now
MLS Number: 5179398
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