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$212,000
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Property Description
Fantastic Investment Opportunity! Spacious six-unit apartment building conveniently located near the heart of Cleveland's University Circle expansion area. This solid brick property has updated vinyl replacement windows and offers generously sized 2-bedroom, 1-bath units with bright living rooms and eat-in kitchens. A full basement provides laundry hookups and additional storage. Currently, four units are occupied (two with Section 8) and with potential to add another $1,700 once the remaining two units are leased. With all major mechanicals in place, this property is well-positioned for steady rental income and future equity growth. Close to schools, public transit, parks, and just minutes from downtown Cleveland-an excellent choice for investors or owner-occupants.
Full Property Details
Full Property Details for 1243 E 124th St
General
- Sold For: $212,000
- Taxes: $4,241 (2024)
- Status: Closed
- Type: Apartment
- Source: 505
- MLS ID: 5158022
- Added to Site: 92 day(s) ago
Parking
- Total Spaces: 10
- Parking Features: Driveway
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: D P Putnam & G F Mills
- Driving Directions: South of Superior To E 124th St
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Rubber
- Year Built: 1920
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1699
- Lot Size: .1699
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $4,241
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 380 P&M 0015 ALL
- Property ID: 110-29-094
Listed by Keller Williams Greater Metropolitan, Carol Y Joiner
Sold by Berkshire Hathaway HomeServices Stouffer Realty, Cassandra Karkan
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Schools
Schools serving 1243 E 124th St
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Mary M Bethune 11815 Moulton Avenue, Cleveland, OH 44106 | PK-8 | 0.3 mi |
Stephanie Tubbs Jones 11901 Durant Avenue, Cleveland, OH 44108 | PK-8 | 0.7 mi |
Franklin D. Roosevelt 800 Linn Drive, Cleveland, OH 44108 | PK-8 | 0.9 mi |
Glenville High School 650 East 113th Street, Cleveland, OH 44108 | 9-12 | 1.1 mi |
Daniel E Morgan School 8912 Morris Court, Cleveland, OH 44106 | PK-8 | 1.4 mi |
Willson School 1122 Ansel Rd, Cleveland, OH 44108 | PK-8 | 1.5 mi |
Mary B Martin School 8200 Brookline Avenue, Cleveland, OH 44103 | PK-8 | 1.9 mi |
Wade Park 7600 Wade Park Avenue, Cleveland, OH 44103 | PK-8 | 1.9 mi |
Bolton 9803 Quebec Avenue, Cleveland, OH 44106 | PK-8 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1243 E 124th St
Date
Details
Price
Change
Source
1/13/2026
Sold
$212,000
-11.67%
MLS
10/16/2025
Listed
$240,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1243 E 124th Street, Loveland, OH 44108 (MLS# 5158022) is a Apartment property that was sold at $212,000 on January 13, 2026. Want to learn more about 1243 E 124th Street? Do you have questions about finding other Apartment real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

