Active

12722 Lorain Avenue

Cleveland, OH 44111

$379,900 $1,601/Mo

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Overview

Bed

Bath

0.08

Acre(Lot)

Description

Exceptional investment opportunity in the heart of Cleveland's thriving West Side! This well-maintained 4-unit multifamily property offers immediate cash flow with significant upside potential. Currently generating rental income from fully occupied, month-to-month tenants, the property features rents of three units at $900/month, one unit at $850/month, providing flexibility for future rent adjustments to market rates. Recent capital improvements, including newer furnaces and central air updates, help minimize maintenance expenses and add long-term value. Whether you're expanding your investment portfolio or seeking a value-add asset with stable occupancy, this property presents a rare opportunity in a desirable location near shopping, dining, public transportation, and major highways. Don 't miss your chance to own a high-performing multifamily investment with room for even greater returns.

Property Details

Property Type : Residential Income

Price : $379,900

AD Id : 89536894

MLS Id : 5236400

Beds : 8

Lot Size : 0.08 Acre

Tax Amount : $5,902

Year Built : 1900

County : Cuyahoga

Subdivision: Young S Sub De Luxe

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 4 Full Baths: 4
Roofing Information

Asphalt, Fiberglass
Interior Features

Roof: Asphalt, Fiberglass
Heating & Cooling

Has Heating: Yes Heating: Hot Water, Steam Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1900 Construction Materials: Brick Stories: 2 Private Pool: No

Lot Information

Main Square Feet: 0.0813 Acres Lot Size Acres: 0.0813 Lot Size Source: Public Records

Property Information

Subdivision: Lenox Park Allotment Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 126

Listing Price Information

Listing Price: $379900 Original Price: $399900

Tax Information

Parcel Number: 021-27-028 Tax Year: 2025 Annual Tax: $5902 Tax Legal Desc: 11 LENOX PK 0622 ALL

Parking Information

Paved

Location Information

Direction: On Lorain Ave WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
10215 Adelaide Avenue, Cleveland, OH, 44111	$195,000	6	3	--	0.11 Acre
3032-3034 West Boulevard, Cleveland, OH, 44111	$250,000	6	4	--	0.17 Acre
3319 W 111th Street, Cleveland, OH, 44111	$189,000	5	4	--	0.11 Acre
11517 Florian Avenue, Cleveland, OH, 44111	$175,000	4	2	3,223	0.12 Acre
3183 W 116th Street, Cleveland, OH, 44111	$164,900	4	3	1,992	0.10 Acre
3542 W 119th Street, Cleveland, OH, 44111	$140,000	3	2	--	0.10 Acre
3433-3435 W 130th Street, Cleveland, OH, 44111	$250,000	5	4	3,998	0.11 Acre
3477 Berea Road, Cleveland, OH, 44111	$244,900	7	3	2,994	0.11 Acre
13521 West Avenue, Cleveland, OH, 44111	$215,000	4	2	1,824	0.11 Acre
14208 Triskett Road, Cleveland, OH, 44111	$299,900	4	2	2,808	0.11 Acre

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 09/29/2026 @ 03:06

MLS: 5236400 LISTED BY: Bassel Bahhur, HomePoint Real Estate 440-385-7188 SOURCE: MLS Now