12722 Lorain Ave Cleveland, OH 44111
Jefferson NeighborhoodEstimated payment $2,690/month
Highlights
- Central Air
- Heating System Uses Steam
- 5-minute walk to Jefferson Park
- Hot Water Heating System
About This Home
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.
Listing Agent
HomePoint Real Estate Brokerage Email: 216-548-8370, basselbahhur@yahoo.com License #2020001751 Listed on: 08/12/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,902
Year Built
- Built in 1900
Parking
- Paved Parking
Home Design
- Quadruplex
- Brick Exterior Construction
- Fiberglass Roof
- Asphalt Roof
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Utilities
- Central Air
- Hot Water Heating System
- Heating System Uses Steam
Additional Features
- 2-Story Property
- 3,541 Sq Ft Lot
Community Details
- Lenox Park Allotment Subdivision
Listing and Financial Details
- Assessor Parcel Number 021-27-028
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,911 | $57,050 | $3,710 | $53,340 |
| 2024 | $5,888 | $57,050 | $3,710 | $53,340 |
| 2023 | $2,357 | $23,600 | $4,100 | $19,500 |
| 2022 | $2,354 | $23,590 | $4,100 | $19,500 |
| 2021 | $2,361 | $23,590 | $4,100 | $19,500 |
| 2020 | $2,227 | $21,420 | $3,710 | $17,710 |
| 2019 | $2,096 | $61,200 | $10,600 | $50,600 |
| 2018 | $1,022 | $21,420 | $3,710 | $17,710 |
| 2017 | $3,691 | $36,340 | $4,380 | $31,960 |
| 2016 | $7,013 | $36,340 | $4,380 | $31,960 |
| 2015 | $8,694 | $36,340 | $4,380 | $31,960 |
| 2014 | $9,094 | $41,300 | $4,970 | $36,330 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2026 08/12/26 | For Sale | $399,900 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $170,000 | American Family Title | |
| Quit Claim Deed | -- | None Available | |
| Survivorship Deed | $40,000 | American Family Title Age | |
| Quit Claim Deed | -- | None Available | |
| Certificate Of Transfer | -- | None Available | |
| Land Contract | $60,000 | Attorney | |
| Land Contract | $90,000 | First Nations Title Agency L | |
| Land Contract | $90,000 | First Nations Title Agency L | |
| Deed | -- | -- | |
| Deed | $60,000 | -- | |
| Deed | $7,800 | -- | |
| Deed | $55,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $170,000 | New Conventional |
Source: MLS Now
MLS Number: 5236400
APN: 021-27-028
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