$395,000
About this home
**Exceptional Income-Producing Investment Opportunity!** Welcome to 10018 Lorain Avenue, a mixed-use investment property offering immediate cash flow and additional income potential in Cleveland! This approximately 10,056-square-foot property features 4 updated residential apartments and 3 commercial storefronts, providing investors with multiple revenue streams under one roof. All four residential apartments have been updated and are currently occupied by HUD-assisted tenants, offering an established rental history and housing assistance payments. Two of the three commercial spaces are also occupied, bringing the property's current gross rental income to approximately $5,700 per month, or $68,400 annually! Looking to maximize your return? The third commercial storefront presents an excellent value-add opportunity! With minor cosmetic improvements, including fresh paint, flooring, and updated fixtures, this vacant space has the potential to be tenant-ready and generate additional monthly income. Strategically positioned along Cleveland's Lorain Avenue corridor, the property offers excellent street visibility, convenient access to major highways, public transportation, shopping, and surrounding businesses. Its combination of residential and commercial units makes it an attractive addition to any investment portfolio. Whether you're a seasoned investor looking to expand your holdings or a first-time investor seeking an established income-producing asset, this property offers the perfect combination of immediate rental income and future growth potential. **Six of seven units currently occupied, approximately $5,700 in monthly gross rental income, and one additional commercial space ready for your vision!** Opportunities like this don't come around often. Schedule your private showing today and discover the income potential of 10018 Lorain Avenue!
Property details
- MLS
- NOWDD
- MLS #
- 5256749
- Property type
- MixedUse
- Subdivision
- Wensink
- Status
- Active
- Days on market
- 1
- On market date
- October 28, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.1983 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 519
- Student:teacher ratio
- 13.3:1
- District
- Village Preparatory School Willard
- Enrollment
- 74
- Student:teacher ratio
- 37.0:1
- District
- Constellation Schools: Stockyard Community Middle
- Enrollment
- 639
- Student:teacher ratio
- 13.9:1
- District
- Cleveland Municipal
Walkability
Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Cleveland, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 5 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.