1884 E 120th StreetCleveland, OH 44106

1884 E 120th StreetCleveland, OH 44106

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$365,000 Active
Multi Unit - Multiple MLS 5194293 New to the Market

Listed By

Agency Name: McDowell Homes Real Estate Services
Agency Contact: jennifergalletti@mcdhomes.com, 216-808-0494

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Turnkey Triplex in the Heart of Little Italy | Income-Generating Opportunity Located in one of Cleveland's most sought-after neighborhoods, this updated triplex offers a rare blend of stable income and flexible use. Two units are currently leased through 2027, providing reliable cash flow, while the third unit will be available in May, ideal for an owner-occupant or rental opportunity. Purchased as a duplex and converted to a triplex, including a brand new kitchenette. All units feature private entrances and their own appliances, including in-suite laundry. The first floor offers two 1-bedroom units, one of which is partially furnished. The second floor features a spacious 3-bedroom unit that is also partially furnished. The property has been updated with newer HVAC, electrical, plumbing, hot water tank, and modernized kitchens, bathrooms, and flooring, helping to keep maintenance costs low. Well maintained inside and out. Positioned just steps from the vibrant core of Little Italy, you are within walking distance to restaurants, shopping, and cultural attractions, with close proximity to Case Western Reserve University, University Hospitals, Cleveland Clinic, and University Circle. The available unit is a peaceful, centrally located 1-bedroom, 1-bath suite, well suited for medical students, traveling healthcare professionals, or visiting specialists. It features a kitchenette with refrigerator, microwave, and cooktop. Easy access to the RTA and HealthLine makes commuting simple without a vehicle, and street parking is available. Whether expanding your portfolio or seeking a live-and-earn opportunity, this Little Italy triplex offers location, stability, and versatility.

1884 E 120th Street | MLS# 5194293

This multi-family property located at 1884 E 120th Street, Cleveland, OH 44106 is currently listed for sale with an asking price of $365,000. E 120th Street is located within the East Cleveland City school district. Search Cleveland real estate on 486royeravenuenw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Central Air
Days on Market: 2
Heating: Forced Air
Lot Size: 0.04 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $4,800 / year
Year Built: 1900

Feature Descriptions

Appliances: Dryer, Range, Refrigerator, Washer
Community Features: Restaurant, Shopping, Street Lights, Sidewalks
Exterior: Vinyl Siding
Laundry: In Unit
Parcel#: 120-31-030
Parking: On Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: East Cleveland City

Demographics

Cuyahoga County Demographic Information for 1884 E 120th Street, Cleveland, OH 44106
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,287.30 per month $1,780.84 Principal & Interest $400.00 Property Tax $106.46 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage