44077 Ohio Multi-Family Homes for Sale

44077 Ohio Multi-Family Homes for Sale

$130,000
2 Beds 2 Baths 5240320 MLS
Excellent Investment Opportunity – Tenant-Occupied Side-by-Side Duplex Great opportunity to add an income-producing duplex to your investment portfolio! This side-by-side duplex features two comfortable 1-bedroom, 1-bath units, each with its own private basement for additional storage. Both units are currently occupied, providing immediate rental income: Unit 133: Currently rented for $817/month, including pet fee and water/sewer. Renovated approximately 4 years ago. Unit 135: Currently rented for $825/month, including pet fee. Recently renovated and in great condition. Combined monthly rental income is $1,642, providing immediate rental income for the new owner. At the $130,000 asking price, the current rents represent approximately 1.26% of the purchase price per month, exceeding the commonly referenced 1% rule for rental properties. The property is situated in a quiet and very private location with off-street parking, adding convenience and appeal for tenants. Offered at $130,000 and priced competitively based on the property's current condition. This is an excellent opportunity to acquire an affordable duplex and expand a rental portfolio. Important Showing Information: Both units are currently tenant occupied. To respect the tenants' privacy, showings will be permitted only after a signed purchase agreement. Please do not disturb the tenants.

133 W Jackson Street, Painesville

Listing Courtesy of: Gal Fox, gal@galileo-realty.com With Galileo Realty LLC

$215,000
6 Beds 4 Baths 5233610 MLS
Expand your investment portfolio with this income-producing property featuring three residential units on one parcel, a duplex and a detached single-family home, offering multiple income streams in one convenient location. The duplex consists of two units, each offering 2 bedrooms and 1 full bath, with separately metered electric service. Shared laundry hookups are located in the basement. The owner currently pays all utilities, including water and sewer, for both duplex units, as well as trash removal service. The detached single-family home offers 2 bedrooms, 1.5 baths, basement laundry hookups, and separate utility meters. The resident is responsible for all utilities, including water and sewer. The property is fully occupied with month-to-month rental agreements currently in place, providing immediate rental income while allowing future flexibility as lease opportunities arise. Additional Information: 24-hour notice is required for all showings. Residents will provide access for scheduled showings. Washers and dryers are owned by the residents and will not convey with the property. All remaining appliances are owned by the seller and will transfer with the sale. Unit 178: Resident pays all utilities, including water and sewer. Units 176 & 180: Owner pays all utilities, including water and sewer. Owner provides trash removal service for the property. This is an excellent opportunity for investors seeking an established, income-producing asset with three residential units on a single parcel and the flexibility to implement future investment strategies as opportunities arise.

176 Stage Avenue, Painesville

Listing Courtesy of: Antoinette Noday-Krager, tonink@mcdhomes.com With McDowell Homes Real Estate Services

$339,000
5 Beds 3 Baths 5232355 MLS
Possibilities await with this 3,000+ square ft. property situated over an acre, offering the perfect combination of residential comfort, business potential, and investment opportunity. Formerly home to the well-known Vintage Findz business, this versatile property has also served as a duplex and can be converted back for multi-family living, continue as a commercial space, or be enjoyed as a single-family residence (subject to local zoning). The open floor plan creates an inviting atmosphere with gathering spaces, while the convenience of main-floor bedrooms and bathrooms make everyday living easy. With 5 bedrooms and 3 bathrooms, there's plenty of room for family, guests, or flexible office and workspace. Major updates provide peace of mind, including a brand-new roof with a 35-year warranty, updated electrical service with Generac generator hardware already installed, and updated vinyl windows. Technology is built in with a Cat 5 network hub and wiring throughout the home, and a timer-controlled system for the outdoor sign lighting adds convenience for future business use. Outside, you'll appreciate the newly coated driveway and expansive parking lot with abundant parking for residents, customers, recreational vehicles, or equipment. The property includes a 20' x 32' insulated oversized garage with 220-volt electric, a 19' x 19' metal storage building with an 8-foot overhead door and side entry door, plus a 10' x 12' garden shed, offering space for hobbies, storage, workshops, or business operations. Additional features include both public water and a private well for landscaping or other outdoor needs, along with easy access to major roads and highways for commuting or customer convenience. If you're searching for a move-in-ready home, a live/work property, an investment opportunity, or a place with room to grow your business, this one-of-a-kind property offers the flexibility and space to make your vision a reality. Sellers will help with rezoning if required.

2584 N Ridge Road, Painesville Twp

Listing Courtesy of: Bradley Klimek, brad.klimek@yahoo.com With Berkshire Hathaway HomeServices Professional Realty

$225,000
5 Beds 4 Baths 5195078 MLS
Welcome to 204 W. South St., Painesville—an excellent multi-family investment opportunity offering the potential for up to four units and strong income-producing capabilities. Ideally located next to Lake Erie College and adjacent to the Metroparks walking path, this property provides a desirable setting for tenants and long-term value. The main home features two first-floor bedrooms, a spacious living room with a brick fireplace, a formal dining room with a skylight, and a large kitchen with oak cabinetry. A full bathroom is located on the main level. The upper level includes a separate entrance and functions as a private living suite with its own bathroom, offering the potential to be converted into an efficiency unit with the addition of a kitchen. In addition to the main residence, the property includes two separate ranch-style homes, each offering one bedroom, a full kitchen, living room, full bathroom, and full basement—ideal for additional rental income. All units are separately metered with individual gas and electric service. Major mechanical updates include new roofs on the two rear homes within the last two years, new hot water tanks in all three buildings within the last two years, and furnaces replaced within the last 16 years. This versatile property offers a rare opportunity for investors or owner-occupants seeking multiple income streams in a prime Painesville location.

204 W South Street, Painesville

Listing Courtesy of: Michael Kaim, kaimteam@gmail.com With Real of Ohio

Selling Office: Real of Ohio.

$239,000
4 Beds 2 Baths 5182874 MLS
Well-Maintained Duplex in the Heart of Fairport Harbor Welcome to 415 Independence Street, a solid and well-cared-for duplex offering excellent flexibility and long-term value. This up-and-down multi-family property features two spacious units, making it ideal for an investor or an owner-occupant looking to offset their mortgage. The downstairs unit offers two bedrooms plus a dedicated office, which could be used as an additional sleeping area (currently used as an office due to no closet). The upstairs unit features two bedrooms and a bonus room, perfect for a home office, playroom, or additional living space. An unfinished attic provides great potential to add future square footage or create additional living space. The home reflects consistent landlord care and thoughtful maintenance throughout. Additional highlights include two detached 2-car garages, offering ample parking and storage, as well as newer gas boilers and newer hot water tanks, providing efficiency and peace of mind. Located on a quiet street in Fairport Harbor, this property is close to local amenities, parks, and the lakefront. A great opportunity to own a versatile, income-producing property with room to grow. Basement is shared for Storage and Laundry. Both Leases are up for Renewal Summer 2026 Room for Growth!!

415 Independence Street, Fairport Harbor

Listing Courtesy of: Juan Gutierrez Perez, juan@mcdhomes.com With McDowell Homes Real Estate Services

Selling Office: HomeSmart Real Estate Momentum LLC.

$170,000
5 Beds 3 Baths 5168168 MLS
Here’s your chance to own a classic income-producing duplex colonial in Lake County, Ohio; except this duplex comprises 2 free-standing single-family structures. The Front House has refreshed paint and flooring. It offers 3 generous bedrooms upstairs, 2 very roomy full bathrooms (1 bath up and 1 bath on the main floor), a large eat-in kitchen with a bonus area, and a spacious, open living/dining layout. The furnace is new this year, the HWT is just under 3yrs old, and the electrical is updated. This Front House is currently vacant—perfect for a family or for an investor to place a new tenant at today’s market rents, ready to boost cash flow significantly. The Back House is occupied by a tenured tenant of over 9 years, paying $600 per month + utilities. The furnace is approximately 15yrs old and the HWT is <5yrs. The Back House could use some TLC. Both roofs are newer <5yrs! The driveway is double-wide, providing organized duo-tenant designated parking. This property provides both current stability and a great deal of upside. Full-service professional management for tenant screening, leasing, marketing, and tenant communications, as well as for rehab and construction services, is available. This ensures a smooth transition and makes this property an attractive option for both local and out-of-state buyers. Located very close to schools, shopping, parks, and major highways, this duplex offers convenience for tenants and Owner. Whether you’re looking for the perfect place for you and your extended family, or whether you're building your investment portfolio and/or entering the Cleveland-area market for the first time, this is a versatile investment opportunity offering immediate income and long-term growth potential—schedule a showing today!

267 Rockwood Drive, Painesville

Listing Courtesy of: Christine Jarrell, chris@AARCLE.com With All Access Realty

Selling Office: McDowell Homes Real Estate Services.

$239,000
6 Beds 3 Baths 5034790 MLS
Located in the heart of Painesville, Ohio, this very special property is waiting for you. This unique property consists of both a very solid and sound duplex, each unit featuring 2 bedrooms and 1 full bathroom, and a single-family home featuring 2 bedrooms and 1 full bathroom. Unit 314 has a very nice open living room that leads right into the dining room off of the kitchen. Upstairs, you will find two nice-size bedrooms accompanied by the full bathroom. The stairs and laundry are off of the kitchen that has a side entrance with stairs down to the basement. Unit 316 allows for someone looking for first floor living. This home also has a nice size living room that leads into a dining room. Off of the kitchen is the first floor bedroom. As you go upstairs, you are greeted by another bedroom and full bathroom. Both units have their own basement sections with a divider wall. Now for your BONUS! This property also offers a separate single family ranch with 2 bedrooms and 1 full bathroom. If you are looking for a place to live with accompanying passive income, then look no further! All three units have had a general home inspection completed and will be provided upon request. There is also a breakdown of each unit's measurements and appliance years in the supplements for you to view.

314-318 E Erie Street, Painesville

Listing Courtesy of: Shane Brennen, shanebrennen@stoufferrealty.com With Berkshire Hathaway HomeServices Stouffer Realty

Selling Office: Platinum Real Estate.

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44077 Ohio Multi-Family Homes

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