# 7944 Lorain Avenue, Cleveland, OH 44102

> **TL;DR:** multi-family, $695,000, built 1910. Est. $3,562/mo. Listed 32 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $695,000 |
| Year Built | 1910 |
| Lot Size | 24,829 sqft (0.57 acres) |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 32 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,012 |
| HOA | $550 |
| **Total** | **$3,562** |

## Property Highlights

- Built in 1910
- 0.57 acre lot

## Description

### Agent Description
Rare opportunity to acquire a 10-unit multifamily portfolio consisting of five duplexes located within minutes of each other across Cleveland's westside rental corridors including Clark-Fulton, Stockyards, and West Boulevard. 7944 Lorain Ave, 3308 W 90th St, 3185 W 58th St, 3150 W 40th St, and 3324 W 32nd St. This portfolio offers investors the chance to acquire scale and execute a clear value-add stabilization strategy. The properties are currently in transition with 3 occupied units and 7 units vacant or in turnover, creating an opportunity for experienced investors to renovate, lease-up, and increase rents across the portfolio. The unit mix consists of 2- and 3-bedroom units, with market rents in the surrounding areas supporting approximately $1,000-$1,200 per unit once renovated and stabilized. Estimated renovation scope across the portfolio is approximately $120,000, including one heavier project requiring mechanical replacement and exterior improvements, along with several lighter unit turns. Once stabilized, the portfolio has the potential to generate $120K+ in annual gross rental income, with projected portfolio value approaching $950K-$1M. The property will be sold as the a portfolio during the initial marketing period. Ideal opportunity for experienced investors or operators seeking a westside Cleveland value-add multifamily project. Property information available upon request. See MLS 5191112 & 5191117 & 5191122 & 5191124 & 5191126. Tenant occupied units will only be shown once an offer has been accepted. EMAIL for any additional questions. $695k for the entire package.

## Location

- **Address:** 7944 Lorain Avenue, Cleveland, OH 44102
- **County:** Cuyahoga
- **Coordinates:** 41.471889, -81.739342
- **Google Maps:** https://www.google.com/maps?q=41.471889,-81.739342

## Listing Agent

- **Name:** Michael L Magno
- **Brokerage:** Keller Williams Living
- **Phone:** 2162368849
- **Email:** michael@themagnogroup.com

## Primary Photo

![7944 Lorain Avenue - Primary Photo](http://lh.rdcpix.com/73235d4e07742cdf63d660ff5ac4126bl-f4200948079r.jpg)

*6 total photos available on [listing page](https://www.propertysimple.com/listing/7944-lorain-avenue-cleveland-oh-44102-5192072)*

---

**MLS#:** 5192072 | **Updated:** 2026-04-24
**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://www.propertysimple.com/listing/7944-lorain-avenue-cleveland-oh-44102-5192072)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "7944 Lorain Avenue, Cleveland, OH 44102",
  "description": "Rare opportunity to acquire a 10-unit multifamily portfolio consisting of five duplexes located within minutes of each other across Cleveland's westside rental corridors including Clark-Fulton, Stockyards, and West Boulevard. 7944 Lorain Ave, 3308 W 90th St, 3185 W 58th St, 3150 W 40th St, and 3324 W 32nd St. This portfolio offers investors the chance to acquire scale and execute a clear value-add stabilization strategy. The properties are currently in transition with 3 occupied units and 7 unit",
  "url": "https://www.propertysimple.com/listing/7944-lorain-avenue-cleveland-oh-44102-5192072",
  "image": "http://lh.rdcpix.com/73235d4e07742cdf63d660ff5ac4126bl-f4200948079r.jpg",
  "datePosted": "2026-04-24",
  "price": 695000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "7944 Lorain Avenue",
    "addressLocality": "Cleveland",
    "addressRegion": "OH",
    "postalCode": "44102",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 41.471889,
    "longitude": -81.739342
  },
  "yearBuilt": 1910
}
```