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    Two Cottages Near Geneva-on-the-Lake Title is generated by Realmo AI

    4970 & 4966 Presidential Avenue, Geneva on the Lake, OH 44041

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    Claim this Listing
    Pending
    $175,000

    MULTI_FAMILY - Geneva on the Lake, OH

    Property size:
    1,108 SF
    Lot size:
    0.09 Acres
    Added:
    May 19, 2026
    Days on Market:
    27
    Last Refresh:
    Jun 14 at 1:06 am

    Property Features for 4970 & 4966 Presidential Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
    Interior features
    EatInKitchen
    Appliances
    Range, Refrigerator
    Standard status
    Pending
    APN
    210320006500
    Size
    1,108 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    158 LOG CABIN ALLOT
    Tax Annual Amount
    811

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1941
    Floors in Building
    1
    Building materials
    WoodSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Jennifer L Allen

    Listing agent Jennifer L Allen License #2003014671

    Listing office Keller Williams Greater Cleveland Northeast 7400 Center Street, Mentor, OH

    Listing date May 19, 2026

    MLS# 5211273 Listing URL

    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.

    HighLights

    • Two cottages on Presidential: 4970 Presidential (704 SF) and 4966 Presidential (404 SF), totaling 6 bedrooms and 2 full bathrooms
    • 4970 Presidential includes a spacious living room plus eat‑in kitchen and a full bathroom; 4966 Presidential includes a living room plus eat‑in kitchen and a full bathroom
    • Metal roofs on both cottages; wood siding construction
    • Screened‑in front porches on both homes
    • Public water and public sewer; utilities for 4970 are fed to the second home at 4966 Presidential
    • Appliances included: range and refrigerator; selling as‑is (cash only)

    Overview

    Located near the main strip of Geneva-on-the-Lake, this property features two cottages. The first cottage, located at 4970 Presidential Avenue, has 704 square feet of living space and includes 4 bedrooms, a spacious living room, an eat-in kitchen, and a full bathroom. It is situated on the corner of Lake Rd and Presidential. The second cottage, located at 4966 Presidential Avenue, offers 404 square feet of living space with 2 bedrooms, a living room, an eat-in kitchen, and a full bathroom. The property has smaller lots intended for minimal yard maintenance, but also includes an area to enjoy. Both cottages have newer metal roofs and screened-in front porches. Public water and sewer are connected. The utilities at 4970 Presidential feed to the second home at 4966 Presidential. The total property size is 1108 square feet on a 0.09-acre lot.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $18.3k $16.56
    − Vacancy −$1.1k −$0.98
    EGI $17.3k $15.58
    − OpEx −$7.8k −$7.01
    NOI $9.5k $8.57
    1,108 SF · lease $16.56/SF/yr · vacancy 5.90% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $135.7K
    $118.7K – $158.3K (±1% cap)
    NOI $9,496 @ 7.0% cap · market cap 5.43%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $206.5K
    $180.7K – $240.9K (±1% cap)
    NOI $14,453 @ 7.0% cap · market cap 8.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Geneva on the Lake
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.946218
    Latitude
    41.859874

    FAQs

    What type of property is this?
    Single family property - Two cottages with 6 bedrooms near Geneva-on-the-Lake main strip.
    Where is this single family property located?
    The property is located at 4970 & 4966 Presidential Avenue Geneva on the Lake, OH.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Two cottages on Presidential: 4970 Presidential (704 SF) and 4966 Presidential (404 SF), totaling 6 bedrooms and 2 full bathrooms; 4970 Presidential includes a spacious living room plus eat‑in kitchen and a full bathroom; 4966 Presidential includes a living room plus eat‑in kitchen and a full bathroom; Metal roofs on both cottages; wood siding construction
    More about this property
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