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Updated Four-Unit Investment Property
For Sale
$334,900

134 Pearl Street, Painesville, OH 44077

Painesville, OH

Property Size4,628 SF
Price / SF$72.36
Days on Market47

Property Features for 134 Pearl Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 9
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 5, Bedroom 8, Bedroom 3, Bedroom 7, Bedroom 2, Bedroom 9
Subdivision Rockwell, Mathews & Hitchcock Sub
Standard status Active
Size 4,628 SF

Building Details

Year built 1910
Listing Agency: Engel & Volkers Cleveland · Engel & Völkers
Listed By: Adam T Zimmerman
Added: Jul 6 Changed: Aug 20 Last Checked: Aug 21 at 6:06PM
MLS# 5211515

Copyright © 2026 Engel & Völkers. 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 4,628-square-foot quadplex, built in 1910, contains four occupied apartments with a mix of layouts: one three-bedroom, one-bath unit; two two-bedroom, one-bath units; and one one-bedroom, one-bath unit. Recent work includes select window replacements in 2024, a Rhino Shield coating on all exterior siding in 2024, a refrigerator replacement in Unit 134 in 2025, and electrical fixture upgrades and a bathtub replacement in Unit 134 in 2026. Electrical fixtures were also replaced in Unit 136 in 2026.

The property is located at 134 Pearl Street in Painesville, near OH-2, OH-44, and US-20. Lake Erie College, schools, shopping, restaurants, and other local attractions are identified nearby.

Key Highlights

  • Four occupied units totaling 4,628 square feet
  • Unit mix includes one 3‑bed/1‑bath, two 2‑bed/1‑bath, and one 1‑bed/1‑bath apartment
  • 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Occupied four-unit property with varied floor plans and recent improvements to select interiors, windows, fixtures, 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: Four occupied units totaling 4,628 square feet; Unit mix includes one 3‑bed/1‑bath, two 2‑bed/1‑bath, and one 1‑bed/1‑bath apartment; Built in 1910
More about this property
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