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7944 Lorain Avenue, 
Cleveland, OH 44102

$170,000


4

Beds


2

Baths


2,548

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Michael L Magno

Keller Williams Living

440-318-1620

Last updated:

April 8, 2026, 02:15 PM

MLS#

5191122

Source:

OH NORMLS

About This Home

7944 Lorain Avenue

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. This portfolio offers investors the chance to acquire scale and execute a clear value-add stabilization strategy. The properties are currently in transition with 4 occupied units and 6 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. Detailed rent projections and 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. NO SELLER FINANCING.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1905

Price Summary

170,000

$66 per Sq. Ft.

MLS #:

5191122

Last Updated:

April 8, 2026, 02:15 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,548 Sq. Ft.


Structure

Structure

Building Area:

2,548 Sq. Ft.

Year Built:

1905


Lot

Lot Size (Sq. Ft):

4,621


Finances & Disclosures

Finances

Price:

$170,000

Price per Sq. Ft:

$66 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.