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204 W South Street, 
Painesville, OH 44077

$225,000


5

Beds


4

Baths


-

Sq Ft


Multi-Family

Sold

Listed by

Michael Kaim

Bought with Real of Ohio

Real Of Ohio

855-450-0442

MLS#

5195078

Source:

OH NORMLS

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About This Home

204 W South Street

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.

Home Facts

Multi-Family

4 Baths

5 Bedrooms

Built in 1920

Price Summary

249,900

MLS #:

5195078

Sold:

April 24, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Year Built:

1920


Lot

Lot Size (Sq. Ft):

14,191


Finances & Disclosures

Finances

Price:

$249,900

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