# 7221 Lorain Avenue, Cleveland, OH 44102 > **TL;DR:** commercial, $425,000, built 1924. Est. $2,273/mo. Listed 4 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $425,000 | | Year Built | 1924 | | Lot Size | 9,239 sqft (0.21 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 4 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,149 | | Estimated Insurance | $124 | | **Total** | **$2,273** | ## Property Highlights - Built in 1924 - 0.21 acre lot - 10 parking spaces ## Description ### Agent Description 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 his number. ## Location - **Address:** 7221 Lorain Avenue, Cleveland, OH 44102 - **County:** Cuyahoga - **Neighborhood:** Hoyt - **Coordinates:** 41.472896, -81.734501 - **Google Maps:** https://www.google.com/maps?q=41.472896,-81.734501 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/7221-Lorain-Avenue-Cleveland-OH-44102/unbranded ## Listing Agent - **Name:** Peter Spirollari · **License:** 2005002337 - **Brokerage:** Northeast Ohio Realty LLC - **Broker Phone:** (440) 449-9100 ## Photos ![7221 Lorain Avenue - Photo 1](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f1489311272r.jpg) ![7221 Lorain Avenue - Photo 2](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f510446605r.jpg) ![7221 Lorain Avenue - Photo 3](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f2513814394r.jpg) ![7221 Lorain Avenue - Photo 4](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f275257247r.jpg) ![7221 Lorain Avenue - Photo 5](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f1513464931r.jpg) ![7221 Lorain Avenue - Photo 6](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f4144016744r.jpg) ![7221 Lorain Avenue - Photo 7](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f2589481393r.jpg) ![7221 Lorain Avenue - Photo 8](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f53419896r.jpg) ![7221 Lorain Avenue - Photo 9](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f666608249r.jpg) ![7221 Lorain Avenue - Photo 10](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f1513464931r.jpg) ![7221 Lorain Avenue - Photo 11](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f1482415821r.jpg) ![7221 Lorain Avenue - Photo 12](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f1653669709r.jpg) ![7221 Lorain Avenue - Photo 13](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f2284300173r.jpg) ![7221 Lorain Avenue - Photo 14](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f2688490939r.jpg) ![7221 Lorain Avenue - Photo 15](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f3935427184r.jpg) ![7221 Lorain Avenue - Photo 16](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f4061729669r.jpg) ![7221 Lorain Avenue - Photo 17](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f3800680445r.jpg) ![7221 Lorain Avenue - Photo 18](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f1116642140r.jpg) ![7221 Lorain Avenue - Photo 19](http://lh.rdcpix.com/01a13e967b9ed736f2edf544ade08860l-f567012366r.jpg) --- **MLS#:** 5255565 | **Updated:** 2026-10-29 **Source:** listhub *Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/7221-lorain-avenue-cleveland-oh-44102-10be23c595bc46829dc238112a455e8e) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/7221-lorain-avenue-cleveland-oh-44102-10be23c595bc46829dc238112a455e8e#listing", "url": "https://staging.propertysimple.ai/listing/7221-lorain-avenue-cleveland-oh-44102-10be23c595bc46829dc238112a455e8e", "name": "7221 Lorain Avenue, Cleveland, OH 44102", "description": "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. 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