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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.

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