This large side-by-side duplex is highly desirable with each unit having their own private entrance. Would make an excellent investment property or a multi-generational home. It is located close to the county seat, Lake Erie College with quick access to Routes 2 , 44 and 90. Recently remodeled in September 2026: updated with luxury vinyl flooring, freshly painted throughout, both kitchens have newer stoves and refrigerators, kitchen cabinets, sinks, and lighting; bathrooms have been refreshed. Both units have a newer furnace and hot water tank (September 2026) in their own private basement area along with laundry hook up. Utilities are separately metered for each unit making direct billing to each tenant easy peasy. Unit 1 (smaller unit) has two first floor bedrooms with a bonus room on the second floor that would make a nice guest bedroom, office or provide plenty of storage. Unit 2 (larger unit) offers a large first floor primary bedroom with two additional bedrooms upstairs. There is a generous area for parking. Effective year built 2011.
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.
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).
Painesville is located in Ohio. Painesville, Ohio has a population of 20,311. Painesville is more family-centric than the surrounding county with 32.48% of the households containing married families with children. The county average for households married with children is 26.8%.
The median household income in Painesville, Ohio is $47,976. The median household income for the surrounding county is $70,168 compared to the national median of $69,021. The median age of people living in Painesville is 31.2 years.
The average high temperature in July is 80.8 degrees, with an average low temperature in January of 19.1 degrees. The average rainfall is approximately 39.2 inches per year, with 69.5 inches of snow per year.
