12722 Lorain Avenue, Cleveland, OH 44111
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by: bassel b bahhur
Office: homepoint real estate
MLS#:5236400
Source:OH_NORMLS
Price summary
- Price:$399,900
About this home
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.
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Home facts
- Year built:1900
- Subdivision & Development:Lenox Park Allotment
- Listing ID #:5236400
- Added:1 day(s) ago
- Updated:August 15, 2026 at 02:46 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
Heating and cooling
- Cooling:Central Air
- Heating:Hot Water, Steam
- Central air:Yes
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1900
- Lot area:0.08 Acres
- Construction Materials:Brick
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$399,900
- Tax amount:$5,902 (2025)
Parking
- Parking description:Paved
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