Cash flowing 4-unit investment property in Painesville with potential to generate approximately $4,000/month in rental income,plus the added flexibility of owner-occupancy with one vacant unit currently available. Conveniently located near OH-2, OH-44, US-20, Lake Erie College, schools, shopping, restaurants, and other local attractions. One 3-bed/1-bath unit; two 2-bed/1-bath units; and one 1-bed/1-bath unit. Three units currently occupied. Recent updates include: replaced some windows (2024), Unit 134 refrigerator (2025), Units 134 & 136 electric fixtures (2026), Unit 134 bathtub (2026), and applied Rhino Shield coating on all exterior siding (2024).
Listed By
Agency Name: Engel & Völkers Distinct
Agency Contact: 440-568-0400, cleveland@evrealestate.com
Shown By
Agency Title: Sulek & Experts Real Estate
Agency Phone: (740)699-0909
Estimated Payment
$ 1,402.27 per month $745.34 Principal & Interest $559.25 Property Tax $97.68 Homeowner's Insurance
134 Pearl Street | MLS# 5211515
This multi-family property located at 134 Pearl Street , Painesville, OH 44077 is currently listed for sale with an asking price of $334,900. Pearl Street is located within the Painesville City Local school district. Search Painesville real estate on www.sulekandexperts.com today.