$695,000/mo

7944 Lorain Avenue, Cleveland, OH 44102

Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.

Rental
Built in 1910
0.57acre lot
—— car garage
$——/sqft
Listed 8 days ago

Property Description

Rare opportunity to acquire a 10-unit multifamily portfolio consisting of five duplexes located within minutes of each other across Cleveland’s westside rental corridors including Clark-Fulton, Stockyards, and West Boulevard. 7944 Lorain Ave, 3308 W 90th St, 3185 W 58th St, 3150 W 40th St, and 3324 W 32nd St. This portfolio offers investors the chance to acquire scale and execute a clear value-add stabilization strategy. The properties are currently in transition with 3 occupied units and 7 units vacant or in turnover, creating an opportunity for experienced investors to renovate, lease-up, and increase rents across the portfolio. The unit mix consists of 2- and 3-bedroom units, with market rents in the surrounding areas supporting approximately $1,000–$1,200 per unit once renovated and stabilized. Estimated renovation scope across the portfolio is approximately $120,000, including one heavier project requiring mechanical replacement and exterior improvements, along with several lighter unit turns. Once stabilized, the portfolio has the potential to generate $120K+ in annual gross rental income, with projected portfolio value approaching $950K–$1M. The property will be sold as the a portfolio during the initial marketing period. Ideal opportunity for experienced investors or operators seeking a westside Cleveland value-add multifamily project. Property information available upon request. See MLS 5191112 & 5191117 & 5191122 & 5191124 & 5191126. Tenant occupied units will only be shown once an offer has been accepted. EMAIL for any additional questions. $695k for the entire package.

Listing Status:: Active
Data Last Updated:: March 17, 2026 at 12:20PM
Listing Office:: Keller Williams Living : 440-318-1620
Listing Agent:: Michael L Magno : 216-236-8849
MLS ID:: 5192072

Heating: Gas

HOA Amenities: 550.0
Originating MLS: NOWDD_NORM
School District: Cleveland Municipal - 1809
County: Cuyahoga

Zoning: 006-06-065

Source: NOWDD_NORM

This listing courtesy of Michael L Magno , Keller Williams Living

Location

Schools Nearby

Halle School

7901 Halle Ave, Cleveland, OH, 44102

Grades PK-8

0.25 miles away

Halle School

7901 Halle Ave, Cleveland, OH, 44102

Grades PK-8

0.25 miles away

Max S. Hayes High School

2211 W 65th St, Cleveland, OH, 44102

Grades 9-12

0.53 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.