13-Unit Apartment
For Sale
Contact for pricing
166 Mentor Avenue, Painesville, OH 44077
Fully leased rental property near Downtown Painesville with access to regional employment, shopping, dining, and recreation.
Property SizeContact for details
Days on Market47
Property Features for 166 Mentor Avenue
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$115,472
Additional Details
Gross Income
$147,000
Highway Access
Yes
Multifamily Units
13
Building Details
Year Built
1984
Buildings
13
Units
13
Tenancy
Multi
Listing Agency:
KW Commercial Keller Williams Greater Cleveland NE
Listed By:
Chandler Jekutis · License #OH 2018003908
Source:
Crexi
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 30 at 7:48PM
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 KW Commercial Keller Williams Greater Cleveland NE
Investment Insights
Based on property information with market context.
Located at 166 Mentor Avenue in Painesville, Ohio, this apartment building contains 13 rental units and was constructed in 1984. The property is fully leased, providing an established residential operating profile in a central Lake County location.
Residents have access to Downtown Painesville, Mentor’s retail corridor, Lake Erie, Route 2, and SR-44. The surrounding downtown area has seen mixed-use redevelopment, streetscape work, infrastructure improvements, public gathering spaces, and investment in restaurants, retail, and entertainment. Nearby civic and redevelopment projects include the amphitheater and Victoria Place redevelopment.
The property is positioned within reach of major employers throughout Lake County and serves residents seeking access to employment centers, shopping, dining, and recreation. Its address is 166 Mentor Avenue, Painesville, OH 44077.
Residents have access to Downtown Painesville, Mentor’s retail corridor, Lake Erie, Route 2, and SR-44. The surrounding downtown area has seen mixed-use redevelopment, streetscape work, infrastructure improvements, public gathering spaces, and investment in restaurants, retail, and entertainment. Nearby civic and redevelopment projects include the amphitheater and Victoria Place redevelopment.
The property is positioned within reach of major employers throughout Lake County and serves residents seeking access to employment centers, shopping, dining, and recreation. Its address is 166 Mentor Avenue, Painesville, OH 44077.
Key Highlights
- 13‑unit apartment building at 166 Mentor Avenue, Painesville, OH 44077
- Fully leased rental community
- Constructed in 1984
Property Analytics
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased rental property near Downtown Painesville with access to regional employment, shopping, dining, and recreation.
Where is this apartment building located?
The property is located at 166 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 building at 166 Mentor Avenue, Painesville, OH 44077; Fully leased rental community; Constructed in 1984
