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Painesville, OH

Multifamily

Painesville, OH Multifamily Properties for Sale

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Grand River, OH Fairport Harbor, OH Mentor, OH Hillsboro, OH Perry, OH Concord Township, OH Madison, OH Thompson, OH

Found 15 multifamily properties for sale in Painesville, OH, averaging $100/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

This listing looks promising.

Here's a quick look at some key insights for

540 Mentor Avenue, Painesville, OH 44077

View Property Analytics

Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$27K
Annual
Price @ 7% Cap

$385K
Above asking
Property Type

Duplex
Built 1880

View Property Analytics

Triplex with Detached Home

Updated: Aug 5

Triplex with Detached Home

176 Stage Avenue, Painesville, OH 44077

$215,000

3,280 sqft 0.30 AC lot

Three residential units on one parcel: a duplex plus a detached single‑family home
3,280 square feet on 0.298 acres; built in 1930
Duplex includes two 2‑bedroom, 1‑bath units with separately metered electric service
Detached home offers 2 bedrooms, 1.5 baths, and separate utility meters
Fully occupied with month‑to‑month rental agreements

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

Renovated Duplex

Renovated Duplex

58 Adelaide Avenue, Painesville, OH 44077

$249,900

Updated two-unit property with separate laundry, stainless appliances, and refreshed interior finishes.

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.

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.

Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 15 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.

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.

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.

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.

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.

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

$250,000

Estimated value

3.01 AC lot

1340 Mentor Ave

MOBILE HOME PARK, TRAILER PARK

1340 Mentor Ave, Painesville, OH 44077-1835

Value Estimation by Request

1,024 sqft 0.31 AC lot

1346 Mentor Ave

MOBILE HOME PARK, TRAILER PARK

1346 Mentor Ave, Painesville, OH 44077-1819

Value Estimation by Request

1,024 sqft 3.86 AC lot

445 Erie St

APARTMENT HOUSE (UNDER 5 UNITS)

445 Erie St, Painesville, OH 44077-3915

$490,000

Estimated value

4,572 sqft 0.50 AC lot

1740 Mentor Ave

MOBILE HOME PARK, TRAILER PARK

1740 Mentor Ave, Painesville, OH 44077-1402

$200,000

Estimated value

744 sqft 4.64 AC lot

Mentor Ave

MOBILE HOME PARK, TRAILER PARK

Mentor Ave, Painesville, OH 44077

$235,000

Estimated value

0.36 AC lot

33 Kensington Ave

APARTMENT HOUSE (UNDER 5 UNITS)

33 Kensington Ave, Painesville, OH 44077-3665

$295,000

Estimated value

7,704 sqft 0.90 AC lot

39 Nelson St

Residential income properties

39 Nelson St, Painesville, OH 44077

Value Estimation by Request

0.22 AC lot

Mentor Ave

MOBILE HOME PARK, TRAILER PARK

Mentor Ave, Painesville, OH 44077

$245,000

Estimated value

0.01 AC lot

Painesville, OH Multifamily Properties Market Trends and Statistics

Explore 26 multifamily properties for sale in Painesville, OH, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 30,320 square feet of properties for sale, with an estimated market value of $5,386,400.

Sale prices for multifamily properties in Painesville, OH start at $215,000, averaging $448,866, 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

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	$312.5K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

Property Size Breakdown

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

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