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$425,000
New Listing

7221 Lorain Avenue
Cleveland, OH 44102

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
1924
Built
Subdivision:
Hoyt
County:
Cuyahoga
Call Now: (216) 978-7933
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(216) 978-7933
7221 Lorain Avenue7221 Lorain Avenue7221 Lorain Avenue7221 Lorain Avenue
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Excellent investment opportunity to own a fully occupied, six-unit mixed-use property located on Lorain Avenue on Cleveland’s west side, just minutes from downtown. This well-maintained building features three residential apartments and three commercial storefronts, providing a combination of residential and commercial rental income. All six spaces are currently occupied, generating $4,550 in monthly rental income and $54,600 in annual gross rental income. The residential apartments feature updated bathrooms and convenient in-unit laundry, while the property also offers a large fenced rear parking area. With established tenants, multiple income streams, and potential for future rental income growth, this property presents an excellent opportunity for investors looking to expand their real estate portfolio. Proof of funds or pre-approval may be required prior to scheduling. For additional information or to schedule a private showing, call or text Peter Spirollari at (216) 235-8297. AGENT OWNED — Peter Spirollari.

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Listing Snapshot
Price 
$425,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2121 Acres
Year Built 
1924
MLS Number 
5255565
Status 
Active
Property Tax 
$5,826
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
21 hours agoListing first seen on site
21 hours agoListing updated with changes from the MLS
General Features
Acres 
0.2121
Disclosures 
Owner Is Listing Agent, Principal Is Real Estate Licensed
Parking 
Alley Access
Parking Spaces 
10
Property Sub Type 
Mixed Use
Sewer 
Public Sewer
Water Source 
Public
Interior Features
Basement 
Full
Heating 
Forced Air
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Exterior Features
Fencing 
Chain Link
Community Features
School District 
Cleveland Municipal - 1809
Township 
Cleveland
Financing Terms Available 
CashConventional
Schools
School District
Cleveland Municipal - 1809
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Peter Spirollari of Century 21 Homestar



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2026 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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REMAX Gold Transparent - 3

REMAX Above & Beyond

Tabatha Whewell | License ID: 2003018978

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IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.