3815 Lorain AveCleveland, OH 44113

Property Details for 3815 Lorain Ave

Year built

1910

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

3,480 SF

Zone code

LR

Property type

Industrial properties

Property subtype

Other warehouses

APN

007-05-007

APU

705007

Description

This exceptional multifamily investment opportunity presents a charming two-story, 3,480 square foot apartment building situated on a 0.206-acre lot in Cleveland, Ohio. Built in 1910, the property is classified as a Class C multifamily building and features four units: three residential apartments and one ground-level retail space. The property's address is 3815 Lorain Avenue, zip code 44113, and is located in the desirable Ohio City neighborhood, within walking distance of West 25th Street's vibrant amenities, including the West Side Market, Pins Mechanical Co, INTRO Cleveland, and Great Lakes Brewing Company. Its proximity to Downtown Cleveland provides easy access to major attractions such as professional sports venues, Jack Casino, the Great Lakes Science Center, and the Rock and Roll Hall of Fame. The property is zoned LR-D3 and has two stories. The asking price is $400,000. Note that an adjacent parking lot at 3801 Lorain Avenue is available for purchase separately. The property's APN is 00705007, 00705008. This presents a unique opportunity to acquire a well-located multifamily property in a rapidly growing area.

• Alternative Use

  Use

  Valuation

  Residential

  $716,588

  Hospitality

  $656,391

  Educational

  $546,110

  Medical

  $564,891

  Retail

  $849,504

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4805

Longitude

-81.7122

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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