Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    12700 Lenacrave Ave Cleveland, OH 44105

    Pending
    For Sale
    $95,000

    MULTI_FAMILY - Cleveland, OH

    Property size:
    2,147 SF
    Lot size:
    0.09 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 12700 Lenacrave Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    137-23-041
    Parking features
    On Street, Garage
    Size
    2,147 SF
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1922
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Asphalt, Fiberglass

    KW Living (440) 318-1620 [email protected]

    Listing agent Michael L Magno (216) 236-8849 License #2016003542

    Listing date Nov 26, 2025

    MLS# 5171064 Listing URL

    Copyright © 2025 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.

    Overview

    Multifamily Investment Opportunity in Cleveland

    This property is part of a seven-building multifamily portfolio, which includes five duplexes and two triplexes. The properties are offered individually or as a complete package. The portfolio boasts 100% occupancy and strong in-place rent rolls, with potential for rent increases to market levels. The current in-place rents are over $12,000 across the portfolio. Each property has separate gas and electric utilities and a solid rental history, with a mix of long-term tenants, including both subsidized and cash-paying residents. Several units feature newer roofs, younger mechanicals, and updated electric panels and hot water heaters. The properties are located across Cleveland and one in Cleveland Heights. The portfolio is ideal for seasoned investors seeking immediate cash flow and portfolio diversification, or local operators looking to add proven income-producing assets. The portfolio has in-house management and maintenance willing to stay on for a new owner. All properties are current on rental registrations and lead-safe compliance. The property has a lot size of 0.088 acres and a property size of 2147 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.594077
    Latitude
    41.452913

    Nearby Similar for Sale

    • $360,000
      0.08 Acres

      Portfolio of Four Cleveland Properties

      Four properties with income potential in Cleveland and Lorain, Ohio.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • New
      $148,500
      Pending

      Renovated Tenant-Occupied Triplex For Sale

      Completely renovated, tenant-occupied triplex with strong rental income.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • New
      $148,500
      Pending

      Renovated Tenant-Occupied Cleveland Triplex

      Completely renovated, tenant-occupied triplex with strong rental income.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • $360,000
      0.08 Acres

      Updated Multifamily Portfolio in Cleveland

      Four-property portfolio with income potential and recent updates.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • $300,000
      Pending

      Charming Edgewater Duplex with Updates

      Well-maintained duplex in Edgewater with turnkey investment potential.
      10211 Baltic Rd, Cleveland, OH 44102
      View Details
    • $579,900
      0.10 Acres

      Renovated Triplex in Ohio City

      Completely renovated, tax abated triplex near West 25th Street.
      3823 John Ave, Cleveland, OH 44113
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multifamily portfolio with strong occupancy and income potential.
    Where is this multifamily property located?
    The property is located at 12700 Lenacrave Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - Part of a multifamily portfolio with strong in-place rent rolls and 100% occupancy.; - Significant potential to increase rents to market levels.; - Each property has separate gas & electric utilities.
    (216) 236-8849
    Request Owner's contact information
    12700 Lenacrave Ave Cleveland, OH 44105
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12700 Lenacrave Ave
    Cleveland, OH 44105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12700 Lenacrave Ave Cleveland, OH 44105
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.