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    Painesville, OH Apartment Buildings for Sale

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    Concord Twp, OH Concord, OH Grand River, OH Fairport Harbor, OH Mentor, OH Hillsboro, OH Perry, OH Thompson, OH
    Seven-Unit Apartment Building
    Updated: Jul 22
    Seven-Unit Apartment Building

    205 Mentor Ave, Painesville, OH 44077

    Contact for pricing
    All seven units leased: six 1BRs and one 2BR
    Current 9.4% cap rate
    Mentor Avenue development site: ±0.3 acres fronting the property
    Third‑floor expansion opportunity to add an 8th apartment
    Three growth paths: current units to market rent plus expansion/development
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 1 Active listings in Painesville, OH, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multifamily Community on Bella Drive
    Multifamily Community on Bella Drive

    18911 Bella Dr, Cleveland, OH 44119

    $1,025,000

    Stabilized 12-unit multifamily asset with significant capital improvements.

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    Mixed-Use Corner Building with Parking
    Mixed-Use Corner Building with Parking

    483 E 260th St, Euclid, OH 44132

    $460,000

    Conjoined mixed-use property with five ground-floor retail spaces and three residential apartments plus rear concrete parking.

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    Windward Place Apartments For Sale
    Windward Place Apartments For Sale

    18051 Lakeshore Blvd, Cleveland, OH 44119

    Contact for pricing
    17,727 sqft

    21-unit apartment building near Lake Erie in Cleveland.

    View details
    Apartment and Retail Income Property
    Apartment and Retail Income Property

    271 East 250th Street, Euclid, OH 10451

    Contact for pricing

    Mixed-use property includes 16 apartment units and 3 retail stores.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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    Detached Two-Family Duplex
    Detached Two-Family Duplex

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Duplex on an R7a-zoned lot with three bedrooms per unit and a semi-finished basement with separate entrance.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Off-Market Properties in Painesville, OH

    Consider similar Off-Market properties in Painesville, OH. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    445 Erie St
    APARTMENT HOUSE (UNDER 5 UNITS)

    445 Erie St, Painesville, OH 44077-3915

    Value Estimation by Request
    4,572 sqft 0.50 AC lot
    View details
    33 Kensington Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    33 Kensington Ave, Painesville, OH 44077-3665

    $790,000
    Estimated value
    7,704 sqft 0.90 AC lot
    View details
    39 Nelson St
    Residential income properties

    39 Nelson St, Painesville, OH 44077

    Value Estimation by Request
    0.22 AC lot
    View details

    Painesville, OH Apartment Buildings Market Trends and Statistics

    Explore 4 apartment buildings for sale in Painesville, OH on our real estate platform.

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    Demographics Overview

    Population 58K
    Population Growth (5Y) +2.8%
    Median Household Income $80,692
    College Educated 40.0%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Painesville fall within the 100,000+ square foot range.

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