3246 Lorain Ave Cleveland, OH 44113

Listing agency Cushman & Wakefield CRESCO Real Estate

Listed by David Leb · License #OH SAL.2015004836

Source Crexi

Added: Apr 12 Updated: Jul 21 at 3:41AM Checked: Jul 21 at 3:41AM

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Investment Insights

Based on property information with market context.

The Lorain Fulton building is a 4-unit mixed-use apartment property that was completely renovated down to the studs in 2019. The configuration includes two (2) 2-bedroom/2-bath apartments, each with its own outdoor patio space, plus one (1) 1-bedroom/1-bath apartment. The first floor also includes a retail/office space. The property is described as 100% occupied and easy to manage.

According to the public remarks, the building benefits from 100% tax abatement through 2034. Residents are said to be directly across from Planet Fitness, with nearby parks, restaurants, bars, and transit options, and a 94 Walk Score reported in the listing.

Key Highlights

• Completely renovated 4‑unit mixed‑use building in 2019, renovated down to the studs
• Unit mix: two 2‑bedroom/2‑bath apartments with private outdoor patio space
• Additional apartment unit: one 1‑bedroom/1‑bath apartment

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FAQs

What type of property is this?

Quadplex - Completely renovated 4-unit building with two 2-bedroom/2-bath units, one 1-bedroom/1-bath unit, plus retail/office space.

Where is this quadplex located?

The property is located at 3246 Lorain Ave Cleveland, OH.

What are key features of this property?

This property features: Completely renovated 4‑unit mixed‑use building in 2019, renovated down to the studs; Unit mix: two 2‑bedroom/2‑bath apartments with private outdoor patio space; Additional apartment unit: one 1‑bedroom/1‑bath apartment