4828 Lorain Ave Cleveland, OH 44102-3376
Property profile & analytics
4828 Lorain Ave Cleveland, OH 44102-3376
- Warehouses
- 5,141 SF
- 0.12 lot acres
Property ID
US66-1744827
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Imposters Theater / Theater & Performing Art Venue
Property Details for 4828 Lorain Ave
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 0.12 lot acres
- Property size
- 5,141 SF
- Zone code
- LR
- Property type
- Warehouses
- APN
- 002-34-137
- APU
- 234137
Description
This exceptional mixed-use investment opportunity presents a fully occupied apartment building located at 4828 Lorain Ave, Cleveland, OH 44102. The property, with APN 002-34-137, boasts a total square footage of 7,570 and is offered at an asking price of $975,000, translating to $128.80 per square foot. The building underwent a complete renovation in 2022, encompassing all units. All building systems – mechanical, HVAC, electrical, and plumbing – are brand new. Significant capital improvements also include the replacement of all windows and a roof replacement within the past 10 years. A substantial advantage is the presence of a 15-year tax abatement. The property's strategic location benefits from the proximity to two new development projects announced by a local developer, situated directly east and west of the site. This prime location, coupled with the recent renovations and the tax abatement, presents a compelling investment opportunity with strong potential for future appreciation and consistent cash flow. The property is currently 100% occupied, ensuring immediate return on investment. This is a rare chance to acquire a turnkey, high-performing asset in a rapidly developing area of Cleveland.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7207
- Latitude
- 41.478
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,306
$6,090
$30,770
$36,860
-
$17,400
$87,900
$105,300
