1957 E 123rd StreetCleveland, OH 44106

Property Description

Investment opportunity in the heart of Little Italy. Well-maintained 3-unit property offers the combination investors want: a prime location, flexible unit mix, and enduring rental demand in one of Cleveland's most sought-after neighborhoods. Ideally positioned near Mayfield Rd restaurants, cafés, galleries, and attractions that make Little Italy a destination for locals and visitors alike. 3 distinct units, providing multiple income streams and flexibility for a variety of investment strategies. Whether you're looking to maximize cash flow, house hack by occupying one unit while renting the others, or capitalize on the area's strong demand from professionals, graduate students, and medical personnel, this property is well positioned for long-term performance. Steps from University Circle, tenants enjoy quick access to Cleveland Clinic, University Hospitals, Case Western Reserve University, the VA Medical Center, Cleveland Institute of Art, Cleveland Institute of Music, Museum of Natural History, Cleveland Museum of Art, and Severance Music Center. Convenient access to the HealthLine, RTA Red Line, Downtown Cleveland, and major highways further strengthens the property's rental appeal. TONS of UPDATES in 2025- 2 hot water tanks with boosters, 2 new furnaces, all new electric panels, lots of plumbing updates. Many new appliances throughout. New garage roof in June 2026. This is a PRIME LITTLE ITALY PROPERTY w/ 2 CAR DETACHED GARAGE AND EXTRA OFF STREET PARKING (6 CARS OR MORE) FOR ADDED RENT VALUE $$$ and LARGE YARD FOR POSSIBLE FUTURE EXPANSION. This investment property will bring you income now and into the future. Properties of this caliber in Little Italy are rarely available and consistently benefit from one of Northeast Ohio's strongest rental markets. Whether you're expanding your portfolio or acquiring a high-demand asset in a premier location, this is an exceptional opportunity to invest in one of Cleveland's most resilient and desirable neighborhoods.

Property Features

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