Duplex with Private
For Sale
$235,000
352 W Jackson St, Painesville, OH 44077
Separate utility meters and basement areas support independent operation of the two residences.
Property Size2,114 SF
Price / SF$111.16
Days on Market9
Property Features for 352 W Jackson St
General Information
Standard status
Active
Size
2,114 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,101
Listing Agency:
HomeSmart Real Estate Momentum LLC
(440) 578-8058
Listed By:
Janice A Pikovnik · License #2005005494
(216) 559-7586
Source:
Exprealty
Added: Sep 29
Changed: Oct 2
Last Checked: Oct 5 at 11:42PM
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 HomeSmart Real Estate Momentum LLC
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two distinct floor plans. The smaller residence has two bedrooms on the main level and an additional second-floor room; the larger unit features a main-floor primary bedroom and two more bedrooms upstairs. Each home has its own entrance, basement space, and laundry hookups.
Updates completed in September 2026 include new flooring, interior paint, refreshed bathrooms, and newer kitchen appliances, cabinetry, sinks, and lighting. Both units also received newer furnaces and hot water tanks during that work. Separate utility meters allow service to be billed by unit. Parking is available on site, and the property is near Lake Erie College with access to Routes 2, 44, and 90.
Updates completed in September 2026 include new flooring, interior paint, refreshed bathrooms, and newer kitchen appliances, cabinetry, sinks, and lighting. Both units also received newer furnaces and hot water tanks during that work. Separate utility meters allow service to be billed by unit. Parking is available on site, and the property is near Lake Erie College with access to Routes 2, 44, and 90.
Key Highlights
- Side‑by‑side duplex with separate entrances for each residence
- Smaller unit: two main‑floor bedrooms plus a second‑floor bonus room
- Larger unit: first‑floor primary bedroom and two upstairs bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,365
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,300
$407.3K
Cap Rate 7%
$290,929
$290.9K
Cap Rate 9%
$226,278
$226.3K
Market Conditions
NOI Build-Up for 2,114 SF
Gross rent
$38.8K $18.36/SF
− Vacancy
−$1.8K −$0.84/SF
EGI
$37.0K $17.52/SF
− OpEx
−$16.7K −$7.88/SF
NOI
$20.4K $9.63/SF
Area
Lake County, OH
Vacancy
4.60%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,300
Cap Rate 7%
$290,929
Cap Rate 9%
$226,278
Alternative Uses
Best Use
Multifamily LT 5
$327.5K
$286.6K – $382.1K
NOI $22,925 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$290.9K
$254.6K – $339.4K
NOI $20,365 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$488.3K
$427.2K – $569.6K
NOI $34,178 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
655
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and basement areas support independent operation of the two residences.
Where is this duplex located?
The property is located at 352 W Jackson St Painesville, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Side‑by‑side duplex with separate entrances for each residence; Smaller unit: two main‑floor bedrooms plus a second‑floor bonus room; Larger unit: first‑floor primary bedroom and two upstairs bedrooms
