12722 Lorain Avenue, Loveland, OH 44111 - Photo 1

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$399,900 Just Listed

For Sale
Active
Multi-Family
8 Total Beds
Updated 9 hours ago

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Property 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.

Full Property Details

Full Property Details for 12722 Lorain Ave

General

Price: $399,900
Taxes: $5,902 (2025)
Status: Active
Type: Multi-Family
Source: 505
MLS ID: 5236400
Updated: 8/13/2026
Added to Site: Today

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Bedrooms

Total Bedrooms: 8

Parking

Parking Features: Paved

Location

County: Cuyahoga
Township: Cleveland
Subdivision: Lenox Park Allotment
Driving Directions: On Lorain Ave

School Information

Elem School District: Cleveland Municipal - 1809
Midd School District: Cleveland Municipal - 1809
High School District: Cleveland Municipal - 1809

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air
Heating Type: Hot Water, Steam

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

# Buildings: 1
Construction: Brick
Roof: Asphalt, Fiberglass
Stories/Levels: 2
Year Built: 1900
Year Built Source: Public Records

Lot Features

Lot Size (Acres): 0.0813
Lot Size: .0813
Lot Size Source: Public Records

Financial Considerations

Tax Amount: $5,902
Tax Year: 2025

Disclosures and Reports

Legal Description: 11 LENOX PK 0622 ALL
Property ID: 021-27-028

Listed by HomePoint Real Estate, Bassel B Bahhur

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Listing agent

— 12722 Lorain Ave —

Bassel B Bahhur

HomePoint Real Estate

216-548-8370, basselbahhur@yahoo.com

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NMLS#: 1598647

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Schools

Schools serving 12722 Lorain Ave

School District:Cleveland Municipal School District

Name	Grades	Distance
The School Of One 3575 West 130th Street, Cleveland, OH 44111	9-12	0.2 mi
Wilbur Wright School 11005 Parkhurst Drive, Cleveland, OH 44111	PK-8	0.7 mi
Mary Church Terrell School 3595 Bosworth Road, Cleveland, OH 44111	PK-8	0.8 mi
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111	9-12	1.2 mi
John Marshall School of Business and Civic Leadership 3952 West 140th Street, Cleveland, OH 44111	9-12	1.2 mi
Bard Early College Cleveland 13501 Terminal Avenue, Cleveland, OH 44135	9-12	1.5 mi
Rhodes Schools of Environmental Studies 5100 Biddulph Avenue, Cleveland, OH 44144	9-12	3.5 mi
New Technology West 11801 Worthington Avenue, Cleveland, OH 44111	9-12	0.9 mi
Garfield Elementary School, Cleveland, OH 3800 West 140th Street, Cleveland, OH 44111	PK-8	1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12722 Lorain Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

8/13/2026

Listed

$399,900

899.75%

MLS

6/10/2016

Sold

$40,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 12722 Lorain Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$5,888

—

$57,050

142%

2023

$5,888

150%

$23,600

—

2022

$2,354

—

$23,600

—

2021

$2,361

$23,590

10%

2020

$2,227

$21,420

—

2019

$2,096

$21,420

—

2018

$2,044

-45%

$21,420

-41%

2017

$3,691

-47%

$36,340

—

2016

$7,013

89%

$36,340

—

2015

$3,701

-11%

$36,340

-12%

2014

$4,156

$41,300

—

2013

$4,093

—

$41,300

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 12722 Lorain Ave

12722 Lorain Avenue, Loveland, OH 44111 (MLS# 5236400) is a Multi-Family property with units containing 8 bedrooms and 4 full bathrooms. 12722 Lorain Avenue is currently listed for $399,900 and was received on August 13, 2026. Want to learn more about 12722 Lorain Avenue? Do you have questions about finding other Multi-Family real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

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12722 Lorain Ave Loveland, OH 44111