Features & Amenities

Interior

  • Total Bedrooms

    9

  • Bathrooms

    4

  • Above Grade Finished Area

    4628.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Wall Unit(s)

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Vinyl Siding

  • Parking

    Driveway, Detached, Garage

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.1584

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $334,900

  • Tax Amount

    $6,711

  • Sq. Footage

    4,628

  • Price/SqFt

    $72

HOA

  • Association

    No

School District

  • Elementary School

    Painesville City LSD - 4305

  • Middle School

    Painesville City LSD - 4305

  • High School

    Painesville City LSD - 4305

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Lake

Elementary School

Painesville City LSD - 4305

Middle School

Painesville City LSD - 4305

High School

Painesville City LSD - 4305

Listing Courtesy of Adam T Zimmerman , Engel & Völkers Distinct

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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).

134 Pearl Street

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Sizable duplex, conveniently located just steps from Lake Erie College and near OH-44, OH-2, and plenty of shopping, restaurants, and local attractions. Currently being used as a single-family property, but grandfathered in as a duplex. Central heating and cooling and updated electrical panels. Hardwood floors on the main level. The first-floor unit includes 2 bedrooms, a living room, dining room, kitchen, full bath, laundry room, and a side porch. The second-floor unit includes 4 bedrooms, a kitchen, full bath, and a balcony. The property includes a detached 2-car garage and a full basement for storage. Consistently rented under current ownership. Updates completed in 2024-2025 include: Replaced washer/dryer, 1st-floor dishwasher and gas range, 2nd-floor refrigerator, carpet on staircase and one 2nd-floor bedroom, painted 1st-floor bath, re-stained and painted porch, powerwashed exterior, and cleaned gutters. All appliances included.
#5162031

Painesville

540 Mentor Avenue

6 Beds

2 Baths

2,484 Sq.Ft.

$299,900

MLS#: 5162031

 - property

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