204 W South Street, Painesville, OH 44077
Local realty services provided by:ERA Real Solutions Realty
204 W South Street,Painesville, OH 44077
$249,900
- 5 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: michael kaim
Office: real of ohio
MLS#:5195078
Source:OH_NORMLS
Price summary
- Price:$249,900
About this home
Welcome to 204 W. South St., Painesville—an excellent multi-family investment opportunity offering the potential for up to four units and strong income-producing capabilities. Ideally located next to Lake Erie College and adjacent to the Metroparks walking path, this property provides a desirable setting for tenants and long-term value.
The main home features two first-floor bedrooms, a spacious living room with a brick fireplace, a formal dining room with a skylight, and a large kitchen with oak cabinetry. A full bathroom is located on the main level. The upper level includes a separate entrance and functions as a private living suite with its own bathroom, offering the potential to be converted into an efficiency unit with the addition of a kitchen.
In addition to the main residence, the property includes two separate ranch-style homes, each offering one bedroom, a full kitchen, living room, full bathroom, and full basement—ideal for additional rental income.
All units are separately metered with individual gas and electric service. Major mechanical updates include new roofs on the two rear homes within the last two years, new hot water tanks in all three buildings within the last two years, and furnaces replaced within the last 16 years.
This versatile property offers a rare opportunity for investors or owner-occupants seeking multiple income streams in a prime Painesville location....
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Home facts
- Year built:1920
- Listing ID #:5195078
- Added:6 day(s) ago
- Updated:March 30, 2026 at 07:15 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:12
- Basement:Yes
- Basement Description:Full
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas
- Central air:Yes
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1920
- Lot area:0.33 Acres
- Construction Materials:Vinyl Siding
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$249,900
- Tax amount:$5,118 (2025)
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