13-Unit Apartment
For Sale
$1,534,000
166-188 Mentor Avenue, Painesville, OH 44077
CommercialSale, Painesville, OH
Property SizeContact for details
Lot Size0.57 Acres
Days on Market74
Property Features for 166-188 Mentor Avenue
General Information
Property type
Commercial Sale
Property subtype
Apartment
Parking
13
Fencing
Fenced
Elementary school district
Painesville City LSD - 4305
Middle school district
Painesville City LSD - 4305
High school district
Painesville City LSD - 4305
Directions
From route 2, take the Richmond Street exit south into Downtown Painesville. Turn east onto Mentor ave. The property is located at 174-178 Mentor ave, Painesville OH 44077
Standard status
Active
APN
15-D-001-0-00-080-0
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17828
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Water source
Public
Building Details
Year built
1984
Number of units
13
Listing Agency:
Keller Williams Greater Cleveland Northeast · Keller Williams Realty
(440) 255-5500
Listed By:
Chandler Jekutis · License #2018003908
(440) 413-2534
Added: Jul 13
Changed: Sep 12
Last Checked: Sep 24 at 7:06AM
MLS# 5227213
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 multifamily property at 166-188 Mentor Avenue includes 13 units on approximately 0.57 acres. Constructed in 1984, the asset has fenced grounds, public water, and public sewer service. Heating systems include electric and natural gas, supporting a straightforward residential income configuration.
The property is near Downtown Painesville, Lake Erie, Mentor’s retail corridor, Route 2, and SR-44. The surrounding area includes restaurants, retail, entertainment, public gathering spaces, and ongoing downtown redevelopment. Access to major employers throughout Lake County further connects the property with the broader employment base.
The property is near Downtown Painesville, Lake Erie, Mentor’s retail corridor, Route 2, and SR-44. The surrounding area includes restaurants, retail, entertainment, public gathering spaces, and ongoing downtown redevelopment. Access to major employers throughout Lake County further connects the property with the broader employment base.
Key Highlights
- 13‑unit multifamily property at 166‑188 Mentor Avenue
- Approximately 0.57 acres of land
- Built in 1984
Property Analytics
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Current Use
Lease Details
13
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fenced multifamily property with public utilities and convenient access to downtown, retail, employment, and regional routes.
Where is this apartment building located?
The property is located at 166-188 Mentor Avenue Painesville, OH.
What is the asking price?
The asking price for this property is $1,534,000.
What are key features of this property?
This property features: 13‑unit multifamily property at 166‑188 Mentor Avenue; Approximately 0.57 acres of land; Built in 1984
