12722 Lorain Avenue Cleveland, OH $ 399,900
12722 Lorain Avenue
$ 399,900
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12722 Lorain Avenue

Cleveland, OH, 44111
$ 399,900
Bedrooms8 Baths4.0

Monthly Estimate*

$ 2,525

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Multi-Family Home for sale in Cleveland, OH

for $399,900 with 8 bedrooms and 4 full baths. This home was built in 1900 on a lot size of 0.0813.

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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Multi-Family Active

Price

$ 399,900

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,902

Style

Lot Size

0.0813

Year Built

1900

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5236400

Features
General
Sewer Public Sewer
Heating Hot Water Steam
Cooling Central Air
Possession Negotiable
Roof Asphalt Fiberglass
Construction Materials Brick
Year Built 1900
Stories Count 2
Township Cleveland
Levels Two
Property Subtype Quadruplex
Tax Year 2025
County Cuyahoga
Property Type Residential Income
Attached Garage false
Subdivision Name Lenox Park Allotment
Garage Y/N false
Full Baths 4
Status Active
Directions On Lorain Ave
City Cleveland
High School District Cleveland Municipal - 1809
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 5902
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source Public Records
Property Sub Type Additional Quadruplex
Legal Description 11 LENOX PK 0622 ALL
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Interior
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Bedrooms 8
Main Level Bathrooms 0
Total Baths 4
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Exterior
Parking Features Paved
Water Source Public
Lot Size Area 0.0813
Number of Buildings 1
Lot Size Acres 0.0813
Lot Size Source Public Records
Waterfront Y/N false
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* Excluded Features
List By
Bassel B Bahhur

Listing Agent

Homepoint Real Estate

Broker

basselbahhur@yahoo.com

Email

Affordability Calculator

$3,017
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,525
Monthly Property Taxes
$492
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457981 Elementary School
4457986 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/13/2026$399,900 Listed Price

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12722 Lorain Avenue, Cleveland, OH, 44111 is a Multi-Family Home for sale at $399,900 with a lot size of 0.0813. 12722 Lorain Avenue has 8 bedrooms, 4.0 baths, and was built in 1900. The property's zip code is 44111 which is in Cleveland, OH