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Flexible Multi-Family Property
For Sale
$339,000

2584 N Ridge Road, Painesville, OH 44077

MULTI_FAMILY - Colonial - Painesville Twp, OH

Property Size3,732 SF
Lot Size1.02 Acres
Price / SF$90.84
Days on Market23

Property Features for 2584 N Ridge Road

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Bedrooms 5
Bathrooms 3
Full bathrooms 1
Half bathrooms 2
Rooms Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Laundry Room, Basement, Bedroom 5, Bathroom 3, Bedroom 2
Parking features Open, Driveway, Parking Lot, Garage
Interior features BuiltInFeatures, CrownMolding, PrimaryDownstairs, WiredForData
Fireplace 1
Appliances Dishwasher, Microwave, Refrigerator
Subdivision Perry Township
Elementary school district Perry LSD Lake- 4307
Middle school district Perry LSD Lake- 4307
High school district Perry LSD Lake- 4307
Directions Route 2 to N. Ridge Rd.
Standard status Active
APN 03-A-006-A-00-003-0
Size 3,732 SF
Lot size 1.02 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 60
Tax Annual Amount 5286
Legal Description LOT 60

Utilities

Sewer type Septic Tank
Heating system Other (Heating), Forced Air, Natural Gas, Steam, Hot Water(Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1943
Floors in Building 2
Building materials VinylSiding
Roof type Shingle, Asphalt, Fiberglass
Architectural style Colonial
Additional Structures Garage(s)
Listing Agency: Berkshire Hathaway HomeServices Professional Realty
Listed By: Bradley Klimek · License #2022006300
Added: Jul 11 Changed: Aug 1 Last Checked: Aug 2 at 5:06PM
MLS# 5226660

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 3,700+ square foot property includes an open floor plan and is set up in multiple ways, having been used as a duplex and previously as a commercial space. It currently offers 5 bedrooms and 3 bathrooms, with main-floor bedrooms and bathrooms. Key exterior and systems improvements include a brand-new roof with a 35-year warranty, updated electrical service with Generac generator hardware already installed, and updated vinyl windows. Technology features include a Cat 5 network hub and wiring throughout, along with a timer-controlled system for outdoor sign lighting.

Outside, the newly coated driveway leads to expansive parking with abundant space for residents, customers, recreational vehicles, or equipment. Additional improvements include a 20' x 32' insulated oversized garage with 220-volt electric, a 19' x 19' metal storage building with an 8-foot overhead door and side entry door, and a 10' x 12' garden shed. The property has both public water and a private well for landscaping or other outdoor needs, and it offers easy access to major roads and highways. Located at 2584 N Ridge Road in Painesville Twp, OH (Lake County), the asset is described as versatile, with options including returning to multi-family use or continuing commercial use, subject to local zoning.

Key Highlights

  • 3,000+ SF colonial‑style property on over an acre, offering flexible use as single‑family, duplex, or commercial (subject to local zoning).
  • 5 bedrooms and 3 bathrooms with main‑floor bedrooms and bathrooms, plus an open floor plan.
  • New roof with 35‑year warranty, updated electrical service with Generac generator hardware installed, and updated vinyl windows.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Restaurant Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Drive-in doors
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

115
Businesses Nearby

Demographics for 44077, OH

58,253
Population
24,928
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
60.5 sq mi
ZIP Area
963
Density / Sq Mi
$80,692
Median Household Income
$45,315
Median Earnings
$972
Median Rent
$217,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Over an acre with 5 bedrooms and 3 bathrooms, plus an oversized insulated garage and multiple outbuildings.
Where is this duplex located?
The property is located at 2584 N Ridge Road Painesville, OH.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 3,000+ SF colonial‑style property on over an acre, offering flexible use as single‑family, duplex, or commercial (subject to local zoning).; 5 bedrooms and 3 bathrooms with main‑floor bedrooms and bathrooms, plus an open floor plan.; New roof with 35‑year warranty, updated electrical service with Generac generator hardware installed, and updated vinyl windows.
More about this property
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