Welcome to this rare opportunity in the heart of Cleveland's Historic Little Italy Neighborhood. This income generating Multi-Family home features Three 2 Bedroom 1 Bath units, all with spacious kitchens, bedrooms, on-site laundry in the basement and a recently added separate laundry area for the top unit. This highly desirable location is in close proximity to University Circle, Case Western Reserve University, University Hospitals, Cleveland Clinic, museums, wonderful restaurants, shopping, and so much more. RECENT UPDATES include: front roof replaced (2015), back roof replaced (2022), new water tanks in all units (2023), new water line and electric added for third unit to have own laundry room (2024), updated flooring throughout (2023), and kitchen cabinets and appliances replaced in unit 1 and 3 (2023), and much more! This 10% CAP Rate triplex is an ideal addition to any investors portfolio. Call today with any questions, or to schedule a private tour!
Closed
$480,000
1955 E 120th St, Cleveland, OH 44106
6beds
2,498sqft
Triplex, Multi Family
Built in 1900
-- sqft lot
$455,000 Zestimate®
$192/sqft
$1,427 Estimated rent
Home value
$455,000
$414,000 - $496,000
$1,427/mo
Zestimate® history
Owner options
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$1,427/mo
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$1,427/mo
Rent Zestimate®
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$3,340/mo
Est. payment
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$3,340/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Adam T Zimmerman 440-568-0400cleveland@evrealestate.com,
Engel & Völkers Distinct
Bought with:
Mandria Aceto, 2003007374
Realuxe Ohio
Source: MLS Now,MLS#: 5029536
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas
Cooling
- None
Appliances
- Included: Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Lower Level, Upper Level
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,498
- Total interior livable area: 2,498 sqft
- Finished area above ground: 2,498
Property
Parking
- Parking features: Driveway
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,998 Square Feet
Details
- Parcel number: 12030086
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Knight
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $192/sqft
- Tax assessed value: $260,000
- Annual tax amount: $4,330
- Date on market: 4/16/2024
- Cumulative days on market: 73 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2024 | Sold | $480,000-4%$192/sqft |
Source:  MLS Now #5029536 Report a problem | ||
| 7/12/2024 | Pending sale | $499,900$200/sqft |
Source: MLS Now #5029536 Report a problem | ||
| 6/27/2024 | Listed for sale | $499,900$200/sqft |
Source: MLS Now #5029536 Report a problem | ||
| 6/13/2024 | Pending sale | $499,900$200/sqft |
Source: MLS Now #5029536 Report a problem | ||
| 4/16/2024 | Listed for sale | $499,900+92.3%$200/sqft |
Source: MLS Now #5029536 Report a problem | ||
| 6/13/2023 | Sold | $260,000+940%$104/sqft |
Source: Public Record Report a problem | ||
| 12/17/1997 | Sold | $25,000$10/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,087 +0% | $91,000 |
| 2024 | $6,085 +40.5% | $91,000 +62.9% |
| 2023 | $4,330 +0.6% | $55,860 |
| 2022 | $4,306 +0.9% | $55,860 |
| 2021 | $4,266 -4.9% | $55,860 +10% |
| 2020 | $4,486 +8% | $50,790 +0% |
| 2019 | $4,155 +0.3% | $50,780 0% |
| 2018 | $4,142 +89.6% | $50,790 +96.6% |
| 2017 | $2,185 +0.8% | $25,840 |
| 2016 | $2,167 | $25,840 |
| 2015 | $2,167 +21.5% | $25,840 +22% |
| 2014 | $1,784 +1.7% | $21,180 |
| 2013 | $1,754 +2.9% | $21,180 |
| 2012 | $1,705 +22.1% | $21,180 -6.2% |
| 2011 | $1,396 +901.7% | $22,580 |
| 2010 | $139 -89.9% | $22,580 |
| 2009 | $1,383 -7.5% | $22,580 -12% |
| 2008 | $1,496 +3.3% | $25,660 |
| 2007 | $1,448 -1.2% | $25,660 -1.3% |
| 2006 | $1,466 +7.6% | $26,010 +13.2% |
| 2005 | $1,362 +1.2% | $22,970 |
| 2004 | $1,346 +1.1% | $22,970 |
| 2003 | $1,332 +18.9% | $22,970 +17.8% |
| 2002 | $1,120 -41.2% | $19,500 |
| 2001 | $1,905 +4.5% | $19,500 |
| 2000 | $1,823 | $19,500 |
Find assessor info on the county website
Neighborhood: University District
Nearby homes
- $1,3752 bd1 ba-- sqft1955 E 120th St #2, Cleveland, OH 44106For Rent
- $--2 bd1 ba-- sqft1955 E 120th St APT 2, Cleveland, OH 44106Off Market
- $227,6003 bd2 ba1.4k sqft1957 E 120th St, Cleveland, OH 44106Off Market
- $331,3006 bd3 ba2.3k sqft1951 E 120th St, Cleveland, OH 44106Off Market
- $267,2005 bd2 ba2k sqft1947 E 120th St, Cleveland, OH 44106Off Market
- $1,5003 bd1 ba1k sqft1947 E 120th St APT 1, Cleveland, OH 44106For Rent
- $281,3008 bd1 ba3.6k sqft1965 E 120th St, Cleveland, OH 44106Off Market
- $311,1006 bd3 ba2.5k sqft1954 Coltman Rd, Cleveland, OH 44106Off Market
Nearby schools
GreatSchools rating
- 3/10Mary M Bethune SchoolGrades: PK-8Distance: 0.7 mi
- 6/10Cleveland School Of The Arts High SchoolGrades: 9-12Distance: 0.8 mi
- 9/10John Hay Early College High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: East Cleveland CSD - 1812
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$455,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$455,000
- Ohio
- Cuyahoga County
- Cleveland
- 44106
- University District
- 1955 E 120th St
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Nearby neighborhoods
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