$315,000
About this home
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).
Property details
- MLS
- NOWDD
- MLS #
- 5211515
- Property type
- Quadruplex
- Subdivision
- Rockwell, Mathews & Hitchcock Sub
- Status
- Active
- Days on market
- 112
- On market date
- May 21, 2026
- Stories
- 2
- Total bathrooms
- 4
- Garage spaces
- 1
- Parking spaces
- N/A
- Lot size
- 0.1584 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 36
- Student:teacher ratio
- 7.2:1
- District
- Summit Academy Community School - Painesville
- Enrollment
- 621
- Student:teacher ratio
- 15.1:1
- District
- Painesville City Local
- Enrollment
- 813
- Student:teacher ratio
- 19.8:1
- District
- Painesville City Local
Walkability
Blended score for Painesville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Painesville, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated September 10, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.