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$178,000
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Property Description
12601 Signet Ave is a well-located 4-unit multifamily property in Cleveland's Mount Pleasant neighborhood. Each unit features 2 bedrooms and 1 bathroom. One unit is currently occupied at $750 per month, while three units are vacant and only require minor renovations to be rent ready. The proforma gross income for the entire building is $3,250 per month or $39,000 per year, based on $850 per month per unit. The property includes off-street parking and a shared basement for storage or laundry. Its convenient location near major highways, schools, and public transportation enhances tenant appeal. This property is an excellent opportunity for investors looking to add value, increase rents, and maximize cash flow.
Full Property Details
Full Property Details for 12601 Signet Ave
General
- Sold For: $178,000
- Taxes: $2,864 (2024)
- Status: Closed
- Type: Multi-Family
- Source: 505
- MLS ID: 5167213
- Added to Site: 86 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Parking Features: On Site, On Street
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Woodhill Park Sands Allotment
- Driving Directions: on the corner if E 126 & Signet
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
- Construction: Wood Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Slate
- Stories/Levels: 2
- Year Built: 1930
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1639
- Lot Size: .1639
- Lot Size Source: Public Records
Financial Considerations
- Tax Amount: $2,864
- Tax Year: 2024
- Terms: Cash, Conventional, 1031 Exchange
- Owner Pays: Sewer, Water
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 437 SANDA S/L 232ALL 0231 ALL 12929125
- Property ID: 129-29-124
Listed by Keller Williams Greater Metropolitan, Michael T Arko
Sold by Non-Member, Non-Member Non-Member
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Schools
Schools serving 12601 Signet Ave
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Andrew J Rickoff 3500 East 147th Street, Cleveland, OH 44120 | PK-8 | 1 mi |
Nathan Hale School 3588 Martin Luther King Junior Drive, Cleveland, OH 44105 | PK-8 | 1 mi |
Harvey Rice Elementary School 2730 East 116th, Cleveland, OH 44120 | PK-8 | 1.1 mi |
Charles Dickens School 13013 Corlett Ave, Cleveland, OH 44105 | PK-8 | 1.1 mi |
Sunbeam 11731 Mount Overlook Avenue, Cleveland, OH 44120 | PK-8 | 1.3 mi |
Robert H Jamison School 4092 East 146th Street, Cleveland, OH 44128 | PK-8 | 1.8 mi |
Bolton 9803 Quebec Avenue, Cleveland, OH 44106 | PK-8 | 2 mi |
Miles Park School 4090 East 93rd Street, Cleveland, OH 44105 | PK-8 | 2.2 mi |
Anton Grdina 2955 East 71st Street, Cleveland, OH 44104 | 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 12601 Signet Ave
Date
Details
Price
Change
Source
12/11/2025
Sold
$178,000
1.71%
MLS
10/24/2025
Listed
$175,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
12601 Signet Avenue, Loveland, OH 44120 (MLS# 5167213) is a Multi-Family property that was sold at $178,000 on December 11, 2025. Want to learn more about 12601 Signet Avenue? Do you have questions about finding other Multi-Family real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

