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13-Unit Apartment Building
For Sale
$1,534,000

166-188 Mentor Avenue, Painesville, OH 44077

Residents have access to downtown Painesville, Lake Erie, Mentor retail, and regional routes.

Property SizeContact for details
Days on Market113

Property Features for 166-188 Mentor Avenue

General Information

Standard status Active
Property subtype Apartment

Additional Details

Gross Income $147,000
Highway Access Yes
Multifamily Units 13

Taxes and HOA fees

Annual Taxes $17,827

Building Details

Year Built 1984
Listing Agency: Keller Williams Greater Cleveland Northeast
Listed By: Chandler Jekutis · License #2018003908
Source: Lifestagesrealty
Added: Jul 13 Changed: Nov 2 Last Checked: Nov 1 at 1:03PM

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 Keller Williams Greater Cleveland Northeast

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Investment Insights

Based on property information with market context.

This 13-unit apartment property was built in 1984 and is located on Mentor Avenue in Painesville, Ohio. Its setting provides access to downtown Painesville, Lake Erie, Mentor’s retail corridor, Route 2, and SR-44. Major employers throughout Lake County are also identified in the surrounding area.

Key Highlights

  • 13‑unit apartment property
  • Built in 1984
  • Painesville location with access to downtown, Lake Erie, and Mentor’s retail corridor

Property Analytics

Lease Details

13
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

938
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

Frequently Asked Questions

What type of property is this?
Apartment building - Residents have access to downtown Painesville, Lake Erie, Mentor retail, 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 apartment property; Built in 1984; Painesville location with access to downtown, Lake Erie, and Mentor’s retail corridor
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