$128,800
About this home
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 $128,800 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. The real opportunity is the package. Advantage will be given to an investor buying both 139 and 133-135 W Jackson, the adjacent parcel (MLS #5253696), as a complete cash flowing investment package generating $1,642 + $1,475 = $3,117.00 monthly! That is two neighboring parcels and three rental units, run as one investment. The seller prefers to sell both together.
Property details
- MLS
- NOWDD
- MLS #
- 5240320
- Property type
- Duplex
- Subdivision
- Oliver A Crarys Sub
- Status
- Active
- Days on market
- 50
- On market date
- August 27, 2026
- Stories
- 1
- Total bathrooms
- 2
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.202 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
- 367
- Student:teacher ratio
- 15.3:1
- District
- Painesville City Local
- 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 6 days ago.
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.