4828 Lorain Avenue — Sale in Cleveland, OH

  • Price: $900K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Cleveland, OH 44102
  • Size: 7,570 SF
  • Year built: 1920

Photos

4828 Lorain Avenue — Sale in Cleveland, OH, photo 1 of 2
4828 Lorain Avenue — Sale in Cleveland, OH, photo 2 of 2

Investment Figures

Price per square foot
$119

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

100% occupied mixed-use investment opportunity. First floor retail under a 5-year lease with liquor license in place. Units rehab completed in 2022, with new in-suite HVAC units, granite counter tops, tiled bathrooms and new stainless steel appliances. Mechanical, electrical and plumbing building systems are all new. Capital improvements include new windows throughout and roof replaced within the past 10 years. Shared laundry facilities in lower level. 15-year property tax abatement in place. Local developer has announced two new construction projects directly to the east and west of the site. Covered patio area and private fenced backyard for apartment residents. After-hours parking available across the street at Urban Community School.

Market Context

This multifamily in Cleveland, OH is listed for sale at $900,000 across 7,570 SF. The building dates to 1920. Compare it against other multifamily listings for sale in Cleveland, OH — view the full market.

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