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Updated Four-Unit Quadplex
For Sale
$334,900

134 Pearl Street, Painesville, OH 44077

Fully occupied residential property with varied unit sizes and recent improvements to windows, fixtures, plumbing, and exterior siding.

Property Size4,628 SF
Price / SF$72.36
Days on Market50

Property Features for 134 Pearl Street

General Information

Standard status Active
Size 4,628 SF
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 1 x 3BR/1BA, 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 4

Additional Details

Gross Income $48,000
Highway Access Yes

Taxes and HOA fees

Annual Taxes $6,711

Amenities

Wall Unit(s)
Natural Gas, Forced Air
Full
Range, Refrigerator
Driveway, Detached, Garage

Building Details

Year Built 1910
Buildings 1
Stories 2
Listing Agency: Engel & Volkers Cleveland
Listed By: Adam T Zimmerman
Source: Evrealestate
Added: Jul 20 Changed: Sep 6 Last Checked: Sep 7 at 5:18AM

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 Engel & Volkers Cleveland

Investment Insights

Based on property information with market context.

This four-unit residential property in Painesville contains 4,628 square feet and was built in 1910. The layout includes one three-bedroom, one-bath residence, two two-bedroom, one-bath residences, and one one-bedroom, one-bath residence. All four units are currently occupied.

Recent work includes replacement of select windows in 2024, a new refrigerator in Unit 134 in 2025, and electrical fixture updates in Units 134 and 136 in 2026. Unit 134 also received a bathtub replacement in 2026, while Rhino Shield coating was applied to all exterior siding in 2024.

The property is near OH-2, OH-44, and US-20, with Lake Erie College, schools, shopping, restaurants, and other local attractions in the surrounding area.

Key Highlights

  • 4,628 SF four‑unit property with all units currently occupied
  • Unit mix includes one 3‑bed/1‑bath, two 2‑bed/1‑bath, and one 1‑bed/1‑bath residences
  • Built in 1910

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service Cafe & Coffee Shop HVAC 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

4
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

773
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
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully occupied residential property with varied unit sizes and recent improvements to windows, fixtures, plumbing, and exterior siding.
Where is this quadplex located?
The property is located at 134 Pearl Street Painesville, OH.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: 4,628 SF four‑unit property with all units currently occupied; Unit mix includes one 3‑bed/1‑bath, two 2‑bed/1‑bath, and one 1‑bed/1‑bath residences; Built in 1910
More about this property
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