Listed by Geoffrey Hoffman of Howard Hanna (geoffreyhoffman@howardhanna.com,216-496-4212)
Investment opportunity in the heart of Little Italy. Well-maintained 3-unit property offers the combination investors want: a prime location, flexible unit mix, and enduring rental demand in one of Cleveland's most sought-after neighborhoods. Ideally positioned near Mayfield Rd restaurants, cafs, galleries, and attractions that make Little Italy a destination for locals and visitors alike. 3 distinct units, providing multiple income streams and flexibility for a variety of investment strategies. Whether you're looking to maximize cash flow, house hack by occupying one unit while renting the others, or capitalize on the area's strong demand from professionals, graduate students, and medical personnel, this property is well positioned for long-term performance. Steps from University Circle, tenants enjoy quick access to Cleveland Clinic, University Hospitals, Case Western Reserve University, the VA Medical Center, Cleveland Institute of Art, Cleveland Institute of Music, Museum of Natural History, Cleveland Museum of Art, and Severance Music Center. Convenient access to the HealthLine, RTA Red Line, Downtown Cleveland, and major highways further strengthens the property's rental appeal. TONS of UPDATES in 2025- 2 hot water tanks with boosters, 2 new furnaces, all new electric panels, lots of plumbing updates. Many new appliances throughout. New garage roof in June 2026. This is a PRIME LITTLE ITALY PROPERTY w/ 2 CAR DETACHED GARAGE AND EXTRA OFF STREET PARKING (6 CARS OR MORE) FOR ADDED RENT VALUE $$$ and LARGE YARD FOR POSSIBLE FUTURE EXPANSION. This investment property will bring you income now and into the future. Properties of this caliber in Little Italy are rarely available and consistently benefit from one of Northeast Ohio's strongest rental markets. Whether you're expanding your portfolio or acquiring a high-demand asset in a premier location, this is an exceptional opportunity to invest in one of Cleveland's most resilient and desirable neighborhoods.

Listing Tools

Property Details of 1957 E 123rd Street

Property Details

Interior Features

Utilities and Appliances

Community

Map Location

Based on information submitted to MLS Now as of June 27, 2026 8:22 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from Jesse Allison Team. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.