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    Painesville, OH Multifamily Properties for Sale

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    Fairport Harbor, OH Grand River, OH Mentor, OH Hillsboro, OH Concord Township, OH Perry, OH Madison, OH Chardon, OH
    Found 16 multifamily properties for sale in Painesville, OH, averaging $106/sq ft. Use valuation data to compare deals faster.
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    Side-by-Side Duplex
    Updated: Sep 28
    Side-by-Side Duplex

    352 W Jackson Street, Painesville, OH 44077

    $235,000
    2,114 sqft 0.59 AC lot
    Two side‑by‑side units with separate private entrances and utility meters
    2,114 square feet on a 0.59‑acre lot
    Unit 1 has two first‑floor bedrooms and a second‑floor bonus room
    Unit 2 has a first‑floor primary bedroom and two upstairs bedrooms
    September 2026 updates included flooring, paint, kitchen and bath work, furnaces, and hot water tanks
    View details
    Updated Four-Unit Investment Property
    Updated: Jul 15
    Updated Four-Unit Investment Property

    134 Pearl Street, Painesville, OH 44077

    $315,000
    4,628 sqft
    Four occupied units totaling 4,628 square feet
    Unit mix includes one 3‑bed/1‑bath, two 2‑bed/1‑bath, and one 1‑bed/1‑bath apartment
    Built in 1910
    Rhino Shield coating applied to all exterior siding in 2024
    Recent updates include select windows, a refrigerator, electrical fixtures, and a bathtub
    View details
    Grandfathered Duplex with Garage
    Grandfathered Duplex with Garage

    540 Mentor Avenue, Painesville, OH 44077

    $299,900
    2,484 sqft 0.28 AC lot

    Sizable duplex layout with central HVAC, updated electrical, hardwood floors, and a detached two-car garage.

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    See hot listings in Painesville

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Duplex with Private Entrances
    Duplex with Private Entrances

    352 W Jackson St, Painesville, OH 44077

    $235,000
    2,114 sqft

    Separate utility meters and basement areas support independent operation of the two residences.

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    Renovated Two-Unit Duplex
    Renovated Two-Unit Duplex

    58 Adelaide Avenue, Painesville, OH 44077

    $225,000
    1,584 sqft

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

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    Mixed-Use Property with 6 Units
    Mixed-Use Property with 6 Units

    17 E Erie Street, Painesville, OH 44077

    $499,900
    0.51 AC lot

    Two buildings combine retail, apartments, and a vacant residence under B-2 commercial zoning.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    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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    Renovated Duplex with In-Suite Laundry
    Renovated Duplex with In-Suite Laundry

    58 Adelaide Ave, Painesville, OH 44077

    $225,000
    1,584 sqft

    Two occupied units offer updated interiors, stainless steel appliances, and private laundry in a residential income property.

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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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    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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    Updated Four-Unit Quadplex
    Updated Four-Unit Quadplex

    134 Pearl Street, Painesville, OH 44077

    $315,000
    4,628 sqft

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

    View details
    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.

    View details
    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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    40-Unit Apartment Building
    40-Unit Apartment Building

    100 Normandy Drive, Painesville, OH 44077

    Contact for pricing

    Courtyard Village is situated in Painesville Township, Ohio, at a named residential address.

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    Seven-Unit Apartment Building
    Seven-Unit Apartment Building

    205 Mentor Ave, Painesville, OH 44077

    Contact for pricing

    All seven units are leased in a seven-unit apartment building with expansion potential including a third-floor addition.

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    13-Unit Apartment Building
    13-Unit Apartment Building

    166 Mentor Avenue, Painesville, OH 44077

    Contact for pricing

    Fully leased rental property near Downtown Painesville with access to regional employment, shopping, dining, and recreation.

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    Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 16 Active listings in Painesville, OH, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    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.

    View details
    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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    Mixed-Use Property with Bar Space
    Mixed-Use Property with Bar Space

    4196 Main Street, Perry, OH 44081

    $325,000
    0.30 AC lot

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

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

    4196 Main Street, Perry, OH 44081

    $325,000

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

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Eastlake Marina District Land
    Eastlake Marina District Land

    35783 Lake Shore Boulevard, Eastlake, OH 44095

    $765,000
    5.66 AC lot

    5.66 acres in Eastlake's Marina District, primed for development.

    View details

    Off-Market Properties in Painesville, OH

    Consider similar Off-Market properties in Painesville, OH. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    23 Mantle Rd Ext
    MOBILE HOME PARK, TRAILER PARK

    23 Mantle Rd Ext, Painesville, OH 44077-4484

    Estimated value:
    $250,000
    3.01 AC lot
    View details
    1340 Mentor Ave
    MOBILE HOME PARK, TRAILER PARK

    1340 Mentor Ave, Painesville, OH 44077-1835

    Estimated value: by Request
    1,024 sqft 0.31 AC lot
    View details
    1346 Mentor Ave
    MOBILE HOME PARK, TRAILER PARK

    1346 Mentor Ave, Painesville, OH 44077-1819

    Estimated value: by Request
    1,024 sqft 3.86 AC lot
    View details
    445 Erie St
    APARTMENT HOUSE (UNDER 5 UNITS)

    445 Erie St, Painesville, OH 44077-3915

    Estimated value:
    $490,000
    4,572 sqft 0.50 AC lot
    View details
    1740 Mentor Ave
    MOBILE HOME PARK, TRAILER PARK

    1740 Mentor Ave, Painesville, OH 44077-1402

    Estimated value:
    $200,000
    744 sqft 4.64 AC lot
    View details
    Mentor Ave
    MOBILE HOME PARK, TRAILER PARK

    Mentor Ave, Painesville, OH 44077

    Estimated value:
    $235,000
    0.36 AC lot
    View details
    33 Kensington Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    33 Kensington Ave, Painesville, OH 44077-3665

    Estimated value:
    $295,000
    7,704 sqft 0.90 AC lot
    View details
    39 Nelson St
    Residential income properties

    39 Nelson St, Painesville, OH 44077

    Estimated value: by Request
    0.22 AC lot
    View details

    Painesville, OH Multifamily Properties Market Trends and Statistics

    Explore 27 multifamily properties for sale in Painesville, OH, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 24,900 square feet of properties for sale, with an estimated market value of $5,588,700.

    Sale prices for multifamily properties in Painesville, OH start at $215,000, averaging $429,900, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 7
    Duplexes 6
    Quadplexes 2
    Triplexes 1

    Demographics Overview

    Population 58K
    Population Growth (5Y) +2.8%
    Median Household Income $80,692
    College Educated 40.0%

    High-Yield Neighborhoods for Investment

    Identify Painesville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    44077 $429.9K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Painesville fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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