12722 Lorain Avenue
Cleveland, OH 44111
8
Bed
4
Bath
0.08Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom 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
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Building Information
Year Built: 1900 Construction Materials: Brick Stories: 2 Private Pool: No
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Lot Information
Main Square Feet: 0.0813 Acres Lot Size Acres: 0.0813 Lot Size Source: Public RecordsProperty Information
Subdivision: Lenox Park Allotment Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 126
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Listing Price Information
Listing Price: $399900
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Tax Information
Parcel Number: 021-27-028 Tax Year: 2025 Annual Tax: $5902 Tax Legal Desc: 11 LENOX PK 0622 ALL
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Parking Information
Paved
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Location Information
Direction: On Lorain Ave WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 10122 Loretta Avenue, Cleveland, OH, 44111 | $156,000 | 4 | 2 | 2,100 | 2,100 SqFt |
| 10215 Adelaide Avenue, Cleveland, OH, 44111 | $195,000 | 6 | 3 | -- | |
| 3098 W 101st Street, Cleveland, OH, 44111 | $169,900 | 5 | 2 | 2,733 | 2,733 SqFt |
| 3834 Bosworth Road, Cleveland, OH, 44111 | $244,000 | 7 | 4 | 2,786 | 2,786 SqFt |
| 3747 Bosworth Road, Cleveland, OH, 44111 | $169,000 | 4 | 2 | 1,759 | 1,759 SqFt |
| 11517 Florian Avenue, Cleveland, OH, 44111 | $175,000 | 4 | 2 | 3,223 | 3,223 SqFt |
| 3183 W 116th Street, Cleveland, OH, 44111 | $164,900 | 4 | 3 | 1,992 | 1,992 SqFt |
| 3542 W 119th Street, Cleveland, OH, 44111 | $154,900 | 3 | 2 | -- | |
| 3207 W 121st Street, Cleveland, OH, 44111 | $150,000 | 4 | 2 | -- | |
| 3330 W 129th Street, Cleveland, OH, 44111 | $219,000 | 4 | 2 | -- |
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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 08/14/2026 @ 22:04
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