LKV Realty
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$399,900
$1,900Reward *
12722 Lorain Avenue, Cleveland, OH 44111Listing ID 5236400

12722 Lorain Avenue, Cleveland, OH 44111

Active
Lenox Park Allotment
Time on site: 4 daysLast updated: 1 day ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Quadruplex
Bedrooms
Bedrooms
8
Bathrooms
Bathrooms
4
Acres
Acres
0.08
Days on Site
Days on Site
3
Cooling
Cooling
Central Air
Heating
Heating
Hot Water, Steam
Year Built
Year Built
1900
Stories
Stories
2
Parking
Parking
Paved

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.

Property Information

Property Details

Location

Address
12722 Lorain Avenue
County
Cuyahoga
City
Cleveland
Zip Code
44111
Subdivision
Lenox Park Allotment
School District
Cleveland Municipal - 1809

Interior Features

Beds and Baths

Bedrooms
8
Full Bathrooms
4

Building

Building Information

Year Built
1900
Stories
2
Construction
Brick
Roof
Asphalt, Fiberglass

Property Taxes

Tax Annual Amount
$5,902
Tax Year
2025
HomePoint Real Estate, (440) 385-7188

Market Report for 44111

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MLS Now
MLS Now logo

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 LKV Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). LKV Realty does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. This information is deemed reliable but not guaranteed. Copyright 2026 - Multiple Listing Service, Inc. - All Rights Reserved.

For corrections to this data please contact Brytecore MLS Support.

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