10018 Lorain Avenue, Cleveland, OH, 44111

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$395,000
2 Days On Site

10018 Lorain Avenue
Cleveland, OH 44111

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
1920
Built
Subdivision:
Wensink
County:
Cuyahoga
Call Now: 440-639-0002
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440-639-0002
10018 Lorain Avenue10018 Lorain Avenue10018 Lorain Avenue10018 Lorain Avenue
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**Exceptional Income-Producing Investment Opportunity!** Welcome to 10018 Lorain Avenue, a mixed-use investment property offering immediate cash flow and additional income potential in Cleveland! This approximately 10,056-square-foot property features 4 updated residential apartments and 3 commercial storefronts, providing investors with multiple revenue streams under one roof. All four residential apartments have been updated and are currently occupied by HUD-assisted tenants, offering an established rental history and housing assistance payments. Two of the three commercial spaces are also occupied, bringing the property's current gross rental income to approximately $5,700 per month, or $68,400 annually! Looking to maximize your return? The third commercial storefront presents an excellent value-add opportunity! With minor cosmetic improvements, including fresh paint, flooring, and updated fixtures, this vacant space has the potential to be tenant-ready and generate additional monthly income. Strategically positioned along Cleveland's Lorain Avenue corridor, the property offers excellent street visibility, convenient access to major highways, public transportation, shopping, and surrounding businesses. Its combination of residential and commercial units makes it an attractive addition to any investment portfolio. Whether you're a seasoned investor looking to expand your holdings or a first-time investor seeking an established income-producing asset, this property offers the perfect combination of immediate rental income and future growth potential. **Six of seven units currently occupied, approximately $5,700 in monthly gross rental income, and one additional commercial space ready for your vision!** Opportunities like this don't come around often. Schedule your private showing today and discover the income potential of 10018 Lorain Avenue!

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Listing Snapshot
Price 
$395,000
Days On Site 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1983 Acres
Year Built 
1920
MLS Number 
5256749
Status 
Active
Property Tax 
$8,483.06
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
18 hours agoStatus changed to Active
18 hours agoListing updated with changes from the MLS
2 days agoListing first seen on site
General Features
Acres 
0.1983
Property Sub Type 
Mixed Use
Sewer 
Public Sewer
Special Circumstances 
Standard
Water Source 
Public
Interior Features
Heating 
Forced Air
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Community Features
School District 
Cleveland Municipal - 1809
Township 
Cleveland
Financing Terms Available 
ConventionalContract
Schools
School District
Cleveland Municipal - 1809
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Kylah Anthony of Glasshouse Realty Group, LLC



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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