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12722 Lorain Avenue, Cleveland, OH 44111

Cleveland
Local realty services provided by:CENTURY 21 Premiere Properties
12722 Lorain Avenue,Cleveland, OH 44111
$379,900
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  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: bassel b bahhur
Office: homepoint real estate
MLS#:5236400
Source:OH_NORMLS

Price summary

  • Price:$379,900

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:49 day(s) ago
  • Updated:October 02, 2026 at 02:16 PM

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:$379,900
  • Tax amount:$5,902 (2025)

Parking

  • Parking description:Paved
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