Skip main navigation
Active
  • $399,900

    12722 Lorain Ave, Cleveland, OH 44111

    8beds
    --sqft
    : 
    $3,006/mo
    Get pre-qualified
    Quadruplex, Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Newer furnacesCentral air updates
    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.
    1 day
    |
    82
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Bassel B Bahhur 216-548-8370 basselbahhur@yahoo.com,

    HomePoint Real Estate

    Source: MLS Now,MLS#: 5236400MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Hot Water, Steam
      Cooling
      • Central Air
      Features
      • Has basement: No
      Video & virtual tour

      Property

      Parking
      • Parking features: Paved
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 3,541 Square Feet
      Details
      • Parcel number: 02127028

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex, Multi Family
      Materials
      • Brick
      • Roof: Asphalt,Fiberglass
      Condition
      • Year built: 1900

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Lenox Park Allotment
      Location
      • Region: Cleveland

      Financial & listing details

      • Tax assessed value: $163,000
      • Annual tax amount: $5,902
      • Date on market: 8/13/2026
      • Cumulative days on market: 3 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/13/2026Listed for sale$399,900-9.1%
        Source: MLS Now #5236400 Report a problem
        1/1/2026Listing removed$440,000
        Source: MLS Now #5146713 Report a problem
        8/25/2025Price change$440,000-2.2%
        Source: MLS Now #5146713 Report a problem
        8/8/2025Listed for sale$450,000+1025%
        Source: MLS Now #5146713 Report a problem
        6/10/2016Sold$40,000-33.3%
        Source: Public Record Report a problem
        12/20/2012Sold$60,000-33.3%
        Source: Public Record Report a problem
        6/12/2006Sold$90,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,901 +0.2%$57,050
        2024$5,888 +149.8%$57,050 +141.8%
        2023$2,357 +0.1%$23,590
        2022$2,354 -0.3%$23,590
        2021$2,361 +6%$23,590 +10.1%
        2020$2,227 +6.2%$21,420
        2019$2,096 +2.5%$21,420
        2018$2,044 -44.6%$21,420 -41.1%
        2017$3,691 -64.3%$36,340
        2016$10,326 +18.8%$36,340
        2015$8,694 -4.4%$36,340 -12%
        2014$9,094 $41,300
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Jefferson

        Getting around

        78 / 100
        Very Walkable
        47 / 100
        Some Transit
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Cleveland Municipal - 1809

        Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes