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    Lake County, OH Multifamily Properties for Sale

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    Found 32 multifamily properties for sale in Lake County, OH, averaging $96/sq ft. Use valuation data to compare deals faster.
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    Grandfathered Duplex with Garage
    Updated: Jun 12
    Grandfathered Duplex with Garage

    540 Mentor Avenue, Painesville, OH 44077

    $299,900
    2,484 sqft 0.28 AC lot
    Sizable duplex, grandfathered as a duplex (currently used as single‑family); steps to Lake Erie College and near OH‑44 and OH‑2
    Two separate units: 1st‑floor 2BD with living, dining, kitchen, full bath, laundry room, and side porch; 2nd‑floor 4BD with kitchen, full bath, and balcony
    Central forced‑air natural gas heat and central air cooling; updated electrical panels
    Detached 2‑car garage plus full basement for storage
    2024–2025 updates include washer/dryer replacement, 1st‑floor dishwasher and gas range replaced, 2nd‑floor refrigerator replaced, and porch restaining/painting plus exterior powerwashing and gutter cleaning
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    This listing looks promising.

    Here's a quick look at some key insights for

    540 Mentor Avenue, Painesville, OH 44077

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $27K
      Annual

    • Price @ 7% Cap

      $385K
      Above asking

    • Property Type

      Duplex
      Built 1880
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    Six-Unit Apartment Buildings
    Updated: Jul 1
    Six-Unit Apartment Buildings

    2824 Haines Road, Madison, OH 44057

    $599,900
    7,297 sqft
    Six fully occupied apartments across two buildings
    7,297 square feet on a 1.8‑acre parcel
    Unit mix includes 12 bedrooms and 6 full baths
    Layouts range from a studio to three‑bedroom apartments
    Full renovation completed on the main building’s rear unit in 2024
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    Triplex with Detached Home
    Triplex with Detached Home

    176 Stage Avenue, Painesville, OH 44077

    $215,000
    3,280 sqft 0.30 AC lot

    Fully occupied residential income property with separately metered utilities and flexible month-to-month rental agreements.

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    Duplex with Oversized Garage
    Duplex with Oversized Garage

    2584 N Ridge Road, Painesville, OH 44077

    $339,000
    3,732 sqft 1.02 AC lot

    Flexible property with multiple bedrooms, substantial parking, and accessory buildings for residential or business use.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Six-Unit Apartment Buildings
    Six-Unit Apartment Buildings

    2824 Haines Rd, Madison, OH 44057

    $599,900
    7,297 sqft 1.80 AC lot

    Two-building multifamily property with fully occupied units, varied layouts, and some in-suite laundry.

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    Updated Four-Unit Investment Property
    Updated Four-Unit Investment Property

    134 Pearl Street, Painesville, OH 44077

    $334,900
    4,628 sqft

    Occupied four-unit property with varied floor plans and recent improvements to select interiors, windows, fixtures, and exterior siding.

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    Renovated Two-Unit Duplex
    Renovated Two-Unit Duplex

    58 Adelaide Avenue, Painesville, OH 44077

    $249,900
    1,584 sqft

    Occupied rental property with refreshed interiors, private laundry, and stainless steel kitchen appliances in each unit.

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    Updated Four-Unit Quadplex
    Updated Four-Unit Quadplex

    134 Pearl St, Painesville, OH 44077

    $334,900
    4,628 sqft

    Fully occupied residential property with varied unit sizes and recent improvements to windows, fixtures, plumbing, and exterior siding.

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    Updated Triplex with Detached Garage
    Updated Triplex with Detached Garage

    423 7th Street, Fairport Harbor, OH 44077

    $199,000
    1,908 sqft 0.12 AC lot

    Three-unit property with dedicated garage parking and shared laundry infrastructure.

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    13-Unit Apartment Building
    13-Unit Apartment Building

    166-188 Mentor Avenue, Painesville, OH 44077

    $1,534,000
    0.57 AC lot

    Fenced multifamily property with public utilities and convenient access to downtown, retail, employment, and regional routes.

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    Updated Duplex with Detached Garage
    Updated Duplex with Detached Garage

    540 Mentor Ave, Painesville, OH 44077

    $299,900
    2,484 sqft

    Grandfathered duplex with separate living areas, central HVAC, basement storage, and recent improvements.

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    Four-Unit Quadplex Near Downtown
    Four-Unit Quadplex Near Downtown

    52 Eagle Street, Madison, OH 44057

    $275,000
    3,285 sqft 0.44 AC lot

    Three units have updated finishes, with dedicated off-street parking and public water and sewer service.

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    Live-Work Property with Outbuildings
    Live-Work Property with Outbuildings

    2584 N Ridge Road, Painesville, OH 44077

    $339,000
    1.02 AC lot

    Five bedrooms and three bathrooms support flexible residential, office, and workspace configurations.

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    Mixed-Use Building with Retail and Housing
    Mixed-Use Building with Retail and Housing

    4126 ERIE ST, Willoughby, OH 44094

    Contact for pricing
    14,766 sqft

    Fully leased mixed-use building with 2 ground-floor retail spaces and 9 residential units above, plus rear parking.

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    Renovated Duplex with Detached Garage
    Renovated Duplex with Detached Garage

    1733 Robindale Street, Wickliffe, OH 44092

    $209,900
    0.18 AC lot

    Two separate living levels offer distinct layouts, shared laundry, and dedicated basement access.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    7224 Burridge Avenue, Mentor, OH 44060

    $369,999
    0.44 AC lot

    Side-by-side units include separate laundry areas, basement storage, garage parking, and public water and sewer.

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    Spacious Condo in Deepwood Estates
    Spacious Condo in Deepwood Estates

    8300 Deepwood Boulevard, Mentor, OH 44060

    $177,000
    0.32 AC lot

    Move-in ready, three-bedroom condo with updated features and amenities.

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    6-Unit Apartment Building with Carriage House
    6-Unit Apartment Building with Carriage House

    190 Mentor Avenue, Painesville, OH 44077

    $595,000
    0.80 AC lot

    Brick multifamily property with separate utility metering and a private garage for every apartment.

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    6-Unit Brick Apartment Building
    6-Unit Brick Apartment Building

    190 Mentor Ave, Painesville, OH 44077

    $595,000

    Six apartments offer separate utility metering, private garages, basement storage, and convenient transit access.

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    Mixed-Use Property with Bar Space
    Mixed-Use Property with Bar Space

    4196 Main Street, Perry, OH 44081

    $350,000
    0.30 AC lot

    Ground-floor retail space accompanies six apartments in a mixed-use property.

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    Historic 8-Unit Apartment Building
    Historic 8-Unit Apartment Building

    157 Mentor Ave, Painesville, OH 44077

    Contact for pricing
    7,500 sqft

    Fully renovated apartments combine preserved architectural details with modern kitchens, high ceilings, and in-unit laundry.

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    Six-Unit Apartment Building with Commercial Space
    Six-Unit Apartment Building with Commercial Space

    4196 Main Street, Perry, OH 44081

    $350,000

    Residential income building includes a bonus lower-level commercial space with prior bar/tavern use.

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    Garden-Style Apartment Building
    Garden-Style Apartment Building

    7559 MENTOR AVE, Mentor, OH 44060

    Contact for pricing
    41,718 sqft

    Multifamily property with varied unit layouts, private exterior entries, and shared laundry facilities.

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    Wickliffe Duplex with Attic Space
    Wickliffe Duplex with Attic Space

    1370 Bellview St, Wickliffe, OH 44092

    $189,900

    Two leased units feature two bedrooms, one bath, and included appliances.

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    Lake County, OH Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Lake County, OH, showcased through 32 active listings on our real estate platform. These investment opportunities span a total of 114,375 square feet of properties for sale, with an estimated market value of $9,256,999.

    Sale prices for multifamily properties in Lake County, OH start at $177,000, averaging $402,478, and reaching up to $1,534,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Featured Lake County Real Estate Agencies

    Realmo connects you with licensed Lake County CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Keller Williams Realty Greater Cleveland Northeast
    7400 Center St Mentor, OH 44060
    Phone: 14402555500
    www.kwclevelandnortheast.com
    Berkshire Hathaway HomeServices Professional Realty
    7395 Center Street Mentor, OH 44060
    Phone: 18008408025
    bhhspro.com

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