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$600,000 Just Listed
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Property Description
Located in the desirable Little Italy area, this large 5-unit apartment building offers an excellent investment opportunity on an exceptionally spacious double lot, one of the largest lots in the Little Italy area. The property features five separate apartment units, with each unit equipped with its own furnace and hot water tank, providing individual utilities and added convenience for both ownership and tenants. The building is occupied by long-term tenants, offering established rental income and a strong opportunity for an investor looking to add a well-positioned multifamily property to their portfolio.
Full Property Details
Full Property Details for 1946 E 124th Pl
General
- Price: $600,000
- Taxes: $8,630 (2025)
- Status: Active
- Type: Apartment
- Source: 505
- MLS ID: 5237766
- Updated: 8/19/2026
- Added to Site: 3 day(s) ago
Parking
- Total Spaces: 5
- Parking Features: Parking Pad
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Cleminshaw & Kilbourne Sub
- Driving Directions: Mayfield Road to East 124th Street in Little Italy
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt, Fiberglass
- Current Bldg. Use: Multi-Family
- Year Built: 1900
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.11
- Lot Size: .11
- Lot Size Source: Assessor
- Zoning: Multi-Family
Financial Considerations
- Tax Amount: $8,630
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: 397 C&K S/L 57 NP 0056 ALL
- Property ID: 120-32-069
Listed by Russell Real Estate Services, Michael P Terrigno
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Schools
Schools serving 1946 E 124th Pl
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Mary M Bethune 11815 Moulton Avenue, Cleveland, OH 44106 | PK-8 | 0.8 mi |
Sunbeam 11731 Mount Overlook Avenue, Cleveland, OH 44120 | PK-8 | 1.4 mi |
Bolton 9803 Quebec Avenue, Cleveland, OH 44106 | PK-8 | 1.6 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 11 mi |
Cleveland School Of The Arts High School 2064 Stearns Road, Cleveland, OH 44106 | 9-12 | 0.9 mi |
John Hay School Of Science & Medicine 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 1 mi |
John Hay School Of Architecture & Design 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 1 mi |
Daniel E Morgan School 8912 Morris Court, Cleveland, OH 44106 | PK-8 | 1.6 mi |
Harvey Rice Elementary School 2730 East 116th, Cleveland, OH 44120 | PK-8 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1946 E 124th Pl
Date
Details
Price
Change
Source
8/19/2026
Listed
$600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1946 E 124th Pl
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,645
—
$84,070
—
2024
$8,611
—
$84,070
25%
2023
$8,611
29%
$67,340
—
2022
$6,658
—
$67,340
—
2021
$6,676
13%
$67,340
17%
2020
$5,933
6%
$57,580
—
2019
$5,583
3%
$57,580
—
2018
$5,444
3%
$57,580
10%
2017
$5,298
-20%
$52,510
—
2016
$6,656
69%
$52,510
35%
2015
$3,932
11%
$38,890
10%
2014
$3,532
2%
$35,360
—
2013
$3,477
—
$35,360
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1946 E 124th Pl
1946 E 124th Place, Loveland, OH 44106 (MLS# 5237766) is a Apartment property. 1946 E 124th Place is currently listed for $600,000 and was received on August 19, 2026. Want to learn more about 1946 E 124th Place? 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.

