8 Beds
4 Baths
$349,900
12722 Lorain Avenue, Cleveland OH, 44111
Built in1900
Property typeMulti-family
Overview
Active
Listed Aug 13, 2026
Updated 2 days ago
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.
$2,328/mo
Est. mortgage payment based on a $349,900 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5236400
Interior Features
- Bedrooms
- 8
- Bathrooms
- 4
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.08 Acres
Other Property Details
- Taxes
- $5,902
- Tax Frequency
- Annually
Courtesy of HomePoint Real Estate
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Robin Weidner shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2026 MLS Now. All rights reserved.