$249,900
Est. payment /mo
5 Beds
4 Baths
0.33 Acres Lot
Pending
204 W South ST Painesville, OH 44077
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Subdivision Champion Town
MLS Listing ID 5195078
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1920
Annual Tax Amount $5,118
Tax Year 2025
Lot Size 0.326 Acres
Acres 0.3258
Property Sub-Type Triplex
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.
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.
Location
State OH
County Lake
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features None
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Painesville City Lsd - 4305
Others
Tax ID 15-C-006-0-00-021-0
Listed by Michael Kaim • Real of Ohio • kaimteam@gmail.com, 440-796-0425
NEARBY SCHOOL & BUSINESS
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