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$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

$249,900
4 Beds 2 Baths 5220292 MLS
Completely renovated and cash-flowing 2-unit investment property in Painesville Township, in the Riverside School District, currently generating $2,200/month in rental income, with the potential to generate $2,500 or more per month. The home features 2 currently occupied units: Lower unit has 3 bedrooms and a full bath; upper unit has 1 bedroom and a full bath. Both units have in-suite laundry, stainless steel appliances, new flooring and paint. RECENT UPDATES: Replaced roof and siding (2024), completed updated both units including kitchens, baths, flooring, paint, and all appliances (2024/2025). INCLUDED are ALL kitchen appliances and washers/dryers. Conveniently located near OH-2, OH-44, US-20, Lake Erie College, Headlands Beach and Fairport Harbor Lakefront parks, shopping, restaurants, and other local attractions.

58 Adelaide Avenue, Painesville Twp

Listing Courtesy of: Adam T Zimmerman, adam.zimmerman@evrealestate.com With Engel & Völkers Distinct

$199,000
4 Beds 3 Baths 5203543 MLS
Income-producing triplex in Fairport Harbor with projected gross rental income of approximately $2,700 per month. Each unit includes a dedicated garage space in the detached three-car garage. The property also features a shared basement with separate washer and dryer hookups for each unit. Tenants pay all utilities except water. Two lower units were cosmetically updated in 2023 with new cabinets, flooring, countertops, paint, and appliances. The upper unit is currently vacant with estimated market rent of approximately $850 per month, offering flexibility for a new tenant or potential owner-occupancy. The upper unit furnace located in the attic has also been recently replaced. The home features a recently installed roof and is currently located near Fairport Harbor beach, parks, and local amenities. Structural engineer report and contractor proposal available for review.

423 7th Street, Fairport Harbor

Listing Courtesy of: Aaron Harden, aaronharden.realtor@gmail.com With HomeSmart Real Estate Momentum LLC

$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.

$205,500
7 Beds 3 Baths 5135650 MLS
Incredible Income Opportunity in Fairport Harbor Village! Two homes on one lot, just a mile from the iconic Fairport Harbor Lighthouse and within walking distance to shops, restaurants, the beach, and more—yet tucked into a quiet, residential area that’s highly desirable for both long-term and short-term tenants. The front home is currently configured as a two-unit rental with a strong rental history. Each unit features a great floor plan, remodeled bathrooms, a charming front porch, and the 2nd floor unit has access to a spacious third floor offering even more potential for additional living space. In the full basement you will find two furnaces and shared electric. The back home presents additional income potential but does require repairs to be fully utilized. Off-street parking, solid condition, and an attractive location make this a smart investment with multiple possibilities. Don’t miss out on this rare Fairport Harbor find!

416 7th Street, Fairport Harbor

Listing Courtesy of: Betsy Forbes, betsyfsellshomes@gmail.com With HomeSmart Real Estate Momentum LLC

Selling Office: Red 1 Realty, LLC.

$164,000
4 Beds 2 Baths 5120222 MLS
Great investor double just waiting for you. This up/down two family home is a super investment for the long run. The first floor has great long term tenants and the 2nd is ready for new occupants. This home received a new roof in November 2021, and had numerous updates that same year as well. There is a driveway on each side of this home so no tenant will block the other when it comes to parking in the drive. The mechanicals have been updated so not much to do but kick back and collect the rents. Owner provides the refrigerators & ranges, & the tenants supply their own washer & dryer. The first fl laundry is in the basement and the second floor is in-suite. Rents are low so there is a good value added opportunity to increase the bottom line numbers with a few modifications. Take your money out of a volatile stock market or underperforming savings and invest in real estate today. Come explore this great home and you’ll want to call it your own.

396 Railroad Street, Painesville

Listing Courtesy of: Thomas F Seaman, tseaman@kw.com With Keller Williams Greater Metropolitan

Selling Office: Real of Ohio.

$215,000
6 Beds 3 Baths 5107504 MLS
Complete occupancy - turn key investment! Duplex & Single Family home are both on current leases, with Security and Pet Deposits in place. Nice older colonial at the front of the lot is a Duplex - seller owns all the appliances. Back house is a smaller one bedroom on a lease, with a Security Deposit in place - seller owns the appliances. Tenants pay their electric, gas, phone, cable, internet, water and sewer. (The seller pays the Water/Sewer charges and is then reimbursed by the Tenants). The Seller pays for trash removal and lawn care. (374 and 770 annually). Back house is 504 s.f., built in 1920, 1 bedroom, basement, vinyl exterior, shingled roof. New hot water tanks installed in all units in 2025. Video surveillance equipment is in place - all showing activity is monitored. Pre approval or proof of funds required prior to appointment scheduling. 24 hour notice required - 48 hour notice preferred. Weekend showings only. Listing Agent is related to the Seller. Estate owned - no Residential Property Disclosure. Sellng as-is / inspections are for the buyer's knowledge only - no repairs will be done by the seller. City Point of Sale inspection has been completed and approved - copy in supplements.

346 Eagle Street, Fairport Harbor

Listing Courtesy of: Carole Stormer-Vaux SFR, cstormervaux@gwcmail.net With Assured Real Estate

Selling Office: Assured Real Estate.

$222,750
6 Beds 3 Baths 5097976 MLS
INVESTORS Must See! Rental Income Opportunity or finish as a single family gem! Stately Colonial close to Lake Erie College. Endless Possibilities! Welcome to this 6-bedroom, 3-bathroom Colonial, a timeless beauty brimming with potential! Spanning three expansive floors, this massive home offers the perfect blend of historic charm and modern updates. With a new roof, updated windows, siding, electrical, plumbing, and a new heating system, much of the heavy lifting has already been done! Whether you're looking for a sprawling single-family residence or a lucrative investment property, this home delivers. Thanks to separate entrances, it's primed for conversion into a duplex, perfect for rental income; especially with a college nearby. To complete the transformation, all that's needed is flooring on the first two levels, base kitchen cabinets, vanity in one bath and a small second-floor kitchen, as the electrical setup is already in place. This is an incredible opportunity to create a dream home or a high-yield rental property in a prime location. Don't miss your chance! Schedule a private showing today to witness all this home has to offer!

64 Grant Street, Painesville

Listing Courtesy of: John Butala, johnbutala@mcdhomes.com With McDowell Homes Real Estate Services

Selling Office: McDowell Homes Real Estate Services.

$185,500
4 Beds 2 Baths 5090021 MLS
Great investment opportunity in growing beach front community of Fairport Harbor. Duplex is located within minutes of Lake Erie and Fairport Harbor Lakefront Park. Duplex is currently fully rented, and each unit has two bedrooms and one bath. Upper unit has hot water heat and lower unit has electric baseboard heat. Shared driveway with 706 with newly installed rear parking area and two designated parking spaces for each unit both 708 and 706. Majority of windows have been replaced. Hot water tanks replaced in 2024 for Upper unit and 2020 for Lower unit. Electrical service replaced and updated in 2024. Roof shingles are approximately 11 years old, and maintenance routinely performed on all units.

708 High Street, Fairport Harbor

Listing Courtesy of: Evelyn A Crombie, evelyn.crombie7@gmail.com With Da Vinci Fine Homes, LLC.

Selling Office: EXP Realty, LLC..

$225,000
6 Beds 2 Baths 5089791 MLS
Fantastic investment opportunity in growing beach community of Fairport Harbor. Duplex is located within minutes of Lake Erie and Fairport Harbor Lakefront Park. Duplex is currently fully rented, and each unit has three bedrooms and one bath. Upper unit has hot water heat and lower unit has electric baseboard heat. Shared driveway with 708 High St., with newly installed rear parking area and two designated parking spaces for each unit for both 706 and 708. Majority of windows have been replaced. Hot water tanks replaced in 2024 for Upper unit and 2020 for Lower unit. Roof shingles are approximately 11 years old. Maintenance routinely performed on all units.

706 High Street, Fairport Harbor

Listing Courtesy of: Evelyn A Crombie, evelyn.crombie7@gmail.com With Da Vinci Fine Homes, LLC.

Selling Office: EXP Realty, LLC..

$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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