$425,000 Active
7221 Lorain AvenueCleveland, OH 44102
Listed by Peter Spirollari, Century 21 Homestar · petersold@gmail.com, 216-235-8297Advertised by Parkview Realty Group LTD
About this home
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.
Details
| Status | Active |
|---|---|
| Type | Commercial |
| Style | MixedUse |
| Year built | 1924 |
| Lot size | 0.2121 acres |
| County | Cuyahoga |
| Annual taxes | $5,826 |
| MLS # | 5255565 |
| Listed | Oct 27, 2026 |
| Listing last updated | Oct 27, 2026, 6:09 PM ET |
Mortgage calculator
Estimated monthly payment: $2,919.07
| Principal & interest | $2,308.57 |
|---|---|
| Mortgage insurance | $0.00 |
| Property taxes | $485.50 |
| Homeowners insurance | $125.00 |
| HOA | $0.00 |
| Total per month | $2,919.07 |
Down payment $85,000.00 (20%) · Loan amount $340,000.00 at 7.203% for 30 years.
Estimate only. Not a loan offer or a closing statement. Your actual payment depends on your lender, credit, taxes and insurance. Talk to a licensed loan officer.
Schedule a showing with Charles Allen-Hull
Listed by Peter Spirollari, Century 21 Homestar · petersold@gmail.com, 216-235-8297Advertised by Parkview Realty Group LTD
Listed Oct 27, 2026. Listing information last updated Oct 27, 2026, 6:09 PM ET. Report a listing error
Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchase or lease. Data is deemed reliable but not guaranteed. Properties may no longer be available.
Listing data from MLS Now, last updated Oct 28, 2026, 5:41 AM ET.