2 Beds
2 Baths
1,125 sqft
$128,800
133 W Jackson Street, Painesville OH, 44077
Price per sqft$114.49
Built in1910
Property size1,125 sqft
Property typeMulti-family
Overview
Active
Listed Aug 27, 2026
Updated 4 days ago
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 $130,000 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.
$857/mo
Est. mortgage payment based on a $128,800 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5240320
Interior Features
- Bedrooms
- 2
- Bathrooms
- 2
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.2 Acres
Other Property Details
- Taxes
- $1,455
- Tax Frequency
- Annually
Courtesy of Galileo Realty LLC
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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