4 Beds
2 Baths
1,584 sqft
$225,000
58 Adelaide Avenue, Painesville Twp OH, 44077
Price per sqft$142.05
Built in1920
Property size1,584 sqft
Property typeMulti-family
Overview
Active
Listed Jun 19, 2026
Updated 4 weeks ago
Completely renovated and cash-flowing 2-unit investment property in Painesville Township, in the Riverside School District, currently generating $2,200/month in rental income, with the potential to generate $2,500 or more per month. The home features 2 currently occupied units: Lower unit has 3 bedrooms and a full bath; upper unit has 1 bedroom and a full bath. Both units have in-suite laundry, stainless steel appliances, new flooring and paint. RECENT UPDATES: Replaced roof and siding (2024), completed updated both units including kitchens, baths, flooring, paint, and all appliances (2024/2025). INCLUDED are ALL kitchen appliances and washers/dryers. Conveniently located near OH-2, OH-44, US-20, Lake Erie College, Headlands Beach and Fairport Harbor Lakefront parks, shopping, restaurants, and other local attractions.
$1,497/mo
Est. mortgage payment based on a $225,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5220292
Interior Features
- Bedrooms
- 4
- Bathrooms
- 2
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.16 Acres
Other Property Details
- Taxes
- $1,754
- Tax Frequency
- Annually
Courtesy of Engel & Völkers Distinct
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Iconic Partners Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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