133 W Jackson Street, Painesville, OH 44077
Local realty services provided by:ERA Real Solutions Realty
Listed by: gal fox
Office: galileo realty llc.
MLS#:5240320
Source:OH_NORMLS
Price summary
- Price:$128,300
- Price per sq. ft.:$114.04
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....
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Home facts
- Year built:1910
- Subdivision & Development:Oliver A Crarys Sub
- Listing ID #:5240320
- Added:61 day(s) ago
- Updated:October 28, 2026 at 02:16 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:8
- Basement:Yes
- Basement Description:Unfinished
- Living area:1,125 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Flat
- Year built:1910
- Building area:1,125 sq. ft.
- Lot area:0.2 Acres
- Construction Materials:Aluminium Siding
- Levels:1 Story, 2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$128,300
- Price per sq. ft.:$114.04
- Tax amount:$1,455 (2025)
Parking
- Parking description:Outside Parking
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