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Painesville, OH

Residential Income

Painesville, OH Residential Income Properties for Sale

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Concord Twp, OH Concord, OH Grand River, OH Fairport Harbor, OH Mentor, OH Hillsboro, OH Perry, OH Thompson, OH

7 properties

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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

Three-Unit Residential Property

Updated: Aug 5

Three-Unit Residential Property

176 Stage Avenue, Painesville, OH 44077

$225,000

3,280 sqft 0.30 AC lot

Three residential units on one 0.298‑acre parcel
3,280 square feet across a duplex and detached single‑family home
Duplex includes two 2‑bedroom, 1‑bath units
Detached home offers 2 bedrooms and 1.5 baths
All units occupied with month‑to‑month rental agreements

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.

Duplex with Insulated Oversized Garage

Duplex with Insulated Oversized Garage

2584 N Ridge Road, Painesville, OH 44077

$339,000

3,732 sqft 1.02 AC lot

Duplex property with main-floor bedrooms and baths, central air, and an insulated oversized garage plus additional storage buildings.

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

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.

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.

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.

Based on your search, we've compiled 26 Potential Opportunities for your consideration. Besides 7 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 4 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.

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

Two lower units were cosmetically updated in 2023, and the shared basement has separate washer and dryer hookups for each unit.

Duplex with Enclosed Porch and Garage

Duplex with Enclosed Porch and Garage

403 New Street, Fairport Harbor, OH 44077

$209,900

1,512 sqft 0.20 AC lot

Two-unit duplex with private yard, forced-air natural gas heat, and window AC, plus enclosed porch and garage parking.

Side-by-Side Duplex

Side-by-Side Duplex

7224 Burridge Avenue, Mentor, OH 44060

$379,999

0.44 AC lot

Side-by-side historic duplex with updated interiors, renovated bathroom, and a dry basement with two laundry areas.

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.

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.

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.

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.

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.

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

Value Estimation by Request

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

Value Estimation by Request

4,572 sqft 0.50 AC lot

1740 Mentor Ave

MOBILE HOME PARK, TRAILER PARK

1740 Mentor Ave, Painesville, OH 44077-1402

Value Estimation by Request

744 sqft 4.64 AC lot

Mentor Ave

MOBILE HOME PARK, TRAILER PARK

Mentor Ave, Painesville, OH 44077

Value Estimation by Request

0.36 AC lot

33 Kensington Ave

APARTMENT HOUSE (UNDER 5 UNITS)

33 Kensington Ave, Painesville, OH 44077-3665

$790,000

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

Value Estimation by Request

0.01 AC lot

Mentor Ave

MOBILE HOME PARK, TRAILER PARK

Mentor Ave, Painesville, OH 44077

Value Estimation by Request

0.20 AC lot

1725 Blase Nemeth Rd

MOBILE HOME PARK, TRAILER PARK

1725 Blase Nemeth Rd, Painesville, OH 44077-4897

Value Estimation by Request

3,060 sqft 40.80 AC lot

Painesville, OH Residential Income Properties Market Trends and Statistics

Explore 18 residential income properties for sale in Painesville, OH, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 19,440 square feet of properties for sale, with an estimated market value of $1,787,700.

Sale prices for residential income properties in Painesville, OH start at $225,000, averaging $297,950, and reaching up to $339,000 — 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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