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Street View
$349,900
Monthly Est:$1,742
8 Beds
4 Baths4 full baths
--sqft
12722 Lorain Ave, Cleveland, OH 44111
$349,900
$1,742/moEst:
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Quadruplex
Built in 1900
$-- HOA
0.08 acre lot
--/sqft
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.
- Houzeo last checked: 3 minutes ago
- Listing updated: October 9, 2026 at 7:44 pm
- Listing Provided by: Bassel B Bahhur (216) 548-8370 DRE #2020001751 | HomePoint Real Estate (440) 385-7188
- Source: MLS Now-OH | MLS#: 5236400
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1900
HOA Fees
-
Finished Area
- sqft
Lot Size
0.08 acre lot
Basement Area
- sqft
MLS Name
MLS Now
MLS Number
5236400
MLS Status
Active
Days on Market
78
Cumulative Days on Market
58
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Interior
Heating
Hot Water, Steam
Cooling
Central Air
Sewer
Public Sewer
Construction
Year Built
Year Built: 1900
Home type
Quadruplex
Roof
Asphalt, Fiberglass
Construction Materials
Brick
Utilities & Energy
Parking Features
Paved
Water Source
Public
Other Features
Subdivision Name
Lenox Park Allotment
Price History
| Date | Event | Price |
|---|---|---|
09/10/2026 Source: | Price Decreased | $379,900 -5.00% $0/sqft |
08/13/2026 Source: | Price Increased | $399,900 +14.29% $0/sqft |
08/13/2026 Source: | Price Decreased | $349,900 -20.48% $0/sqft |
08/25/2025 Source: | Listed for Sale | $440,000 -2.22% $0/sqft |
08/08/2025 Source: | Price Increased | $450,000 +2.27% $0/sqft |
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Based on information from the Board/Association of REALTORS® (alternatively, from the Service) through Oct 31, 2026, 09:30AM. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings held by brokerage firms other than Houzeo are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. Houzeo participates in MLS Now IDX program, allowing us to display other IDXP’s’ listings on our website. However, Houzeo does not display the entire MLS Now IDX database on this website. The listings of some real estate brokerage firms have been excluded. The photos may be altered, edited, enhanced or virtually staged. © 2026 Multiple Listing Service, Inc. All Rights Reserved
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