Income-Producing Duplex with Commercial
559 549 E Main Street, Geneva, OH 44041
Turnkey duplex and commercial building with income potential.
Type:Multi Family
Property size:
2,760 SFLot size:
0.50 AcresPrice / SF:
$81/SF- Added:
- Apr 16, 2025
- Days on Market:
- 411
- Last Refresh:
- May 28 at 4:36 pm
Property Features for 559 549 E Main Street
General Information
- Standard status
- Active
- Size
- 2,760 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agent Carole Stormer-Vaux SFR License #368102 (440) 813-2788
Listing office Assured Real Estate (440) 813-2788
Listing date Apr 16, 2025
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Assured Real Estate
HighLights
- Solid income‑producing property with a duplex (2760 SF) and a commercial building (1216 SF) on over 1/2 acre.
- Duplex is 100% occupied with tenants paying their own utilities (separate water & electric meters).
- Commercial building is occupied with a lease in place until May 2026, tenant pays all utilities.
- Recent upgrades include a new boiler in the upstairs duplex unit (June) and a new electric panel (December 2025).
- Ample parking available for all tenants.
- Commercial building features new laminate flooring, AC, gas FA heat, a 1/2 bath, and is suitable for various businesses.
Overview
This property features a 2760 square foot up/down duplex and a 1216 square foot commercial building situated on over a half-acre lot. Ample parking is available for all three tenants. The duplex is fully occupied, with both units under month-to-month agreements, and tenants are responsible for their own utilities, which are separately metered for water and electricity. The commercial building is occupied under a lease expiring in May 2026, with the tenant covering all utilities. The seller holds a $725 security deposit for the commercial building, while the duplex units have security deposits of $650 and $560. The owner is responsible for insurance, with annual costs of approximately $1250 and $1000. The duplex does not have air conditioning, but the commercial building does. The duplex has wood siding and new shingles installed in 2024, while the commercial building is constructed of block, vinyl, and wood, with asphalt shingles. The upstairs duplex unit had its boiler replaced in June, and the electric panel was completely replaced in December 2025. The commercial building, constructed in 1972 on a slab, includes a half bath, a mechanicals room with a slop sink, air conditioning, gas forced air heat, and a 200 amp electric panel. The lobby area measures 18x17, the middle room is 14x14, the large rear room is 21x16, and the small rear room is 11x9. The entire commercial building has new laminate flooring and overhead lighting, making it suitable for various business uses and is located minutes from downtown.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Geneva
- County
- Ashtabula
- State
- Ohio
- Longitude
- -80.9384475
- Latitude
- 41.8086163
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turnkey duplex and commercial building with income potential.
Where is this duplex located?
The property is located at 559 549 E Main Street Geneva, OH.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: Solid income‑producing property with a duplex (2760 SF) and a commercial building (1216 SF) on over 1/2 acre.; Duplex is 100% occupied with tenants paying their own utilities (separate water & electric meters).; Commercial building is occupied with a lease in place until May 2026, tenant pays all utilities.
