$249,900

204 W South Street, Painesville, OH 44077

  • 5 beds |
  • 4 baths
  • Property Icon Triplex
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon0.33acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 14 days ago

Property Description

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.

Listing Status:
Pending
Data Last Updated:
April 2, 2026 at 7:19AM
Listing Office:
Real of Ohio : 855-450-0442
Listing Agent:
Michael Kaim : 440-796-0425
MLS ID:
5195078
  • Basement: Full
  • A/C: Central Air
  • Heating: Forced AirGas
  • Parking: None
  • Roofing: AsphaltFiberglass
  • General: Vinyl SidingThree Or More
  • Originating MLS: NOWDD_NORM
  • School District: Painesville City LSD - 4305
  • County: Lake
  • Zoning: PAINESVILLE LOT TRACT 3 PART OF LOT 5 & 615-C-006-0-00-021-0
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Michael Kaim , Real of Ohio

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Maple Elementary School

560 W Jackson St, Painesville, OH, 44077

Grades KG-5

0.65 miles away

H

Heritage Middle School

135 Cedarbrook Dr, Painesville, OH, 44077

Grades 6-8

0.63 miles away

H

Harvey High School

200 W Walnut Ave, Painesville, OH, 44077

Grades 9-12

0.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.