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    Lake County, OH Residential Income Properties for Sale

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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
    View Property Analytics
    Six-Unit Apartment Investment
    Updated: Jul 1
    Six-Unit Apartment Investment

    2824 Haines Road, Madison, OH 44057

    $599,900
    7,297 sqft 1.80 AC lot
    Six fully rented units across two buildings on a 1.8‑acre parcel in Madison
    Total mix includes 12 bedrooms and 6 full baths
    Main house units: 3BR/1BA main level, 2BR/1BA second floor, and 1BR/1BA rear unit
    Second building units: 2BR/1BA main level, 3BR/1BA second floor, and a studio with full bath in the walkout basement
    Rents cited include $1,400/mo (lease expires 6/30/2027) and $1,200/mo (month‑to‑month and lease expires 10/31/2026)
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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    52 Eagle Street, Madison, OH 44057

    $275,000
    3,285 sqft 0.44 AC lot

    Four-family investment with recent unit updates and off-street parking for each unit.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    134 Pearl Street, Painesville, OH 44077

    $334,900
    4,628 sqft 0.16 AC lot

    Fully occupied four-unit building with recent exterior and unit updates, positioned for steady rental income.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Building with Retail and Housing
    Mixed-Use Building with Retail and Housing

    4126 ERIE ST, Willoughby, OH 44094

    $1,799,000
    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 Two-Unit Duplex
    Renovated Two-Unit Duplex

    58 Adelaide Avenue, Painesville, OH 44077

    $249,900
    1,584 sqft 0.16 AC lot

    Completely renovated duplex with two occupied units, each offering in-suite laundry and updated kitchens and baths.

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    Flexible Multi-Family Property
    Flexible Multi-Family Property

    2584 N Ridge Road, Painesville, OH 44077

    $339,000
    3,732 sqft 1.02 AC lot

    Over an acre with 5 bedrooms and 3 bathrooms, plus an oversized insulated garage and multiple outbuildings.

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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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    Triplex with Detached Three-Car Garage
    Triplex with Detached Three-Car Garage

    423 7th Street, Fairport Harbor, OH 44077

    $199,000
    1,908 sqft 0.12 AC lot

    Income-producing triplex with dedicated garage parking, in-unit laundry hookups, and recent updates to two lower units.

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    Duplex with Enclosed Porch
    Duplex with Enclosed Porch

    403 New Street, Fairport Harbor, OH 44077

    $209,900
    1,512 sqft 0.20 AC lot

    Two separate units with updated lower-level bathroom fixtures and enclosed porch features offer flexible rental or owner-occupant living.

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

    4196 Main St, Perry, OH 44081

    $375,000

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

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    Side-by-Side Duplex Income Property
    Side-by-Side Duplex Income Property

    7224 Burridge Avenue, Mentor, OH 44060

    $379,999
    0.44 AC lot

    Well-maintained side-by-side duplex with two upstairs bedroom sets, renovated bath, dry basement, and a garage on-site.

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    Mixed-Use Income Property
    Mixed-Use Income Property

    37931 Vine Street, Willoughby, OH 44094

    $919,900
    0.45 AC lot

    Fully leased triplex plus a 7,200-square-foot commercial building with loft and rooftop deck on one parcel.

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    Based on your search, we've compiled 69 Potential Opportunities for your consideration. Besides 13 Active listings in Lake County, OH, we suggest exploring several alternatives: similar 52 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    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.

    Residential Land in Painesville, OH
    Residential Land in Painesville, OH

    163 Johnnycake Ridge Road, Painesville, OH 44077

    $35,000
    1.54 AC lot

    1.54 acre residential land parcel for sale.

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    Concord, OH Land Opportunity
    Concord, OH Land Opportunity

    11026 Johnnycake Ridge Road, Concord, OH 44077

    $40,000
    2.10 AC lot

    2.1 acre lot suitable for residential development in Concord.

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    Land Parcel in Concord Twp
    Land Parcel in Concord Twp

    11026 & 163 Johnnycake Ridge Road, Concord Twp, OH 44077

    $70,000
    2.10 AC lot

    2.1 acre land parcel suitable for residential development.

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    Residential Lot in Mentor, Ohio
    Residential Lot in Mentor, Ohio

    9005 Jackson Street, Mentor, OH 44060

    $85,000
    0.57 AC lot

    Residential lot for sale in Mentor, Ohio with frontage.

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    Off-Market Properties in Lake County, OH

    Consider similar Off-Market properties in Lake County, 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.

    34500 Euclid Ave
    MOBILE HOME PARK, TRAILER PARK

    34500 Euclid Ave, Willoughby, OH 44094-3320

    Value Estimation by Request
    12,900 sqft 3.66 AC lot
    View details
    23 Mantle Rd Ext
    MOBILE HOME PARK, TRAILER PARK

    23 Mantle Rd Ext, Painesville, OH 44077-4484

    Value Estimation by Request
    3.01 AC lot
    View details
    6415 Rdg Rd
    MOBILE HOME PARK, TRAILER PARK

    6415 Rdg Rd, Madison, OH 44057-2549

    Value Estimation by Request
    4.30 AC lot
    View details
    6415 Rdg Rd
    MOBILE HOME PARK, TRAILER PARK

    6415 Rdg Rd, Madison, OH 44057-2549

    Value Estimation by Request
    11.83 AC lot
    View details
    6415 Rdg Rd
    MOBILE HOME PARK, TRAILER PARK

    6415 Rdg Rd, Madison, OH 44057-2549

    Value Estimation by Request
    860 sqft 10.15 AC lot
    View details
    6415 Rdg Rd
    MOBILE HOME PARK, TRAILER PARK

    6415 Rdg Rd, Madison, OH 44057-2549

    Value Estimation by Request
    1,868 sqft 0.66 AC lot
    View details
    34424 Euclid Ave
    MOBILE HOME PARK, TRAILER PARK

    34424 Euclid Ave, Willoughby, OH 44094-3379

    Value Estimation by Request
    15.31 AC lot
    View details
    Lk Shr Blvd
    MOBILE HOME PARK, TRAILER PARK

    Lk Shr Blvd, Eastlake, OH 44095

    $1,330,000
    Estimated value
    822 sqft 3.13 AC lot
    View details
    35755 Lk Shr Blvd
    MOBILE HOME PARK, TRAILER PARK

    35755 Lk Shr Blvd, Eastlake, OH 44095-1864

    $1,345,000
    Estimated value
    1.70 AC lot
    View details
    8307 Eagle Rd
    MOBILE HOME PARK, TRAILER PARK

    8307 Eagle Rd, Willoughby, OH 44094

    Value Estimation by Request
    10.05 AC lot
    View details
    9735 Chillicothe Rd
    MOBILE HOME PARK, TRAILER PARK

    9735 Chillicothe Rd, Willoughby, OH 44094-9344

    Value Estimation by Request
    5.16 AC lot
    View details

    Lake County, OH Residential Income Properties Market Trends and Statistics

    Explore 65 residential income properties for sale in Lake County, OH, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 41,196 square feet of properties for sale, with an estimated market value of $6,158,399.

    Sale prices for residential income properties in Lake County, OH start at $177,000, averaging $473,723, and reaching up to $1,799,000 — 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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