Two-story light gray house with black shutters, green lawn, and concrete walkway.

Cash-Flowing 4-Unit Investment Property in Painesville

$334,900

9 Rooms
4 Bathrooms
~430 m² Living area

Description

Cash flowing 4-unit investment property in Painesville generating $4,000/month in rental income, with all units currently occupied. 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. 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).

Features

Air-conditioningBasementGarage

Engel & Völkers

+1 440 568 0400

Your advisor: Adam T Zimmerman

Property ID: AM-5520757

Property details

Object type
Apartment house
Rooms
9
Bathrooms
4

Number of Floors
2
Parking spaces
1
Living area
~430 m²

Request all property details

Get more information about this property

First name

Last name

Your message

I agree with the processing of my data for the purpose of searching for properties and being contacted by IGM GROUP, LLC. If I provide my telephone number, I also consent to being contacted by telephone. My above data may be passed on to a suitable local license partner from the Engel & Völkers Group for the purpose of establishing contact.

You can find out in detail which data IGM GROUP, LLC stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

Receive full property details.
Get in touch with an advisor.
Confidential - data stays with E&V.

Nearby properties

These homes might interest you

Reserved
Concord Township, Ohio, United States
Newly Built 4 Bed, 3.5 Bath Townhome in Concord
$345,000
- 8 Rooms
- 4 Bathrooms
- ~241 m² Living area
Newly Built 4 Bed, 3.5 Bath Townhome in Concord
Painesville, Ohio, United States
Sizable Duplex Near Lake Erie College
$299,900
- 11 Rooms
- 2 Bathrooms
- ~231 m² Living area
Sizable Duplex Near Lake Erie College