12722 Lorain AVE, Cleveland, OH 44111
12722 Lorain AVE, Cleveland, OH 44111
12722 Lorain AVE, Cleveland, OH 44111
12722 Lorain AVE, Cleveland, OH 44111
12722 Lorain AVE, Cleveland, OH 44111
12722 Lorain AVE, Cleveland, OH 44111
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Ryan Wanner

Ryan Wanner

+1(330) 224-3548
$ 399,900
Est. payment | /mo

8 Beds

4 Baths

3,541 Sqft Lot

Save
$ 399,900
Est. payment | /mo
Save

8 Beds

4 Baths

3,541 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Lenox Park Allotment

MLS Listing ID 5236400

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1900

Annual Tax Amount $5,902

Tax Year 2025

Lot Size 3,541 Sqft

Acres 0.0813

Property Sub-Type Quadruplex

Property Description

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.

Location

State OH

County Cuyahoga

Interior

Heating Hot Water, Steam

Cooling Central Air

Fireplace No

Exterior

Parking Features Paved

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 021-27-028

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Bassel B Bahhur • HomePoint Real Estate • 216-548-8370, basselbahhur@yahoo.com

NEARBY SCHOOLS & PROPERTIES

Ryan Wanner

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(330) 224-3548

ryan@wannergroup.com

4758 Dressler Rd, Canton, OH 44718, Unite States

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12722 Lorain AVE