Listed by Chandler Jekutis of Keller Williams Greater Cleveland Northeast (cjekutis@kw.com,440-413-2534)
Exceptional opportunity to acquire a 13-unit multifamily portfolio in one of Lake County's fastest-improving rental markets. Located at 166-188 Mentor Avenue, this well-positioned asset generates approximately $147,000 in annual gross rental income, providing investors with immediate cash flow and significant long-term appreciation potential. Situated just minutes from Historic Downtown Painesville, the property benefits from the city's ongoing transformation and public/private investment initiatives. Downtown Painesville has experienced substantial revitalization through new mixed-use redevelopment, streetscape improvements, infrastructure upgrades, public gathering spaces, and continued investment in local restaurants, retail, and entertainment. The recently completed amphitheater, Victoria Place redevelopment, and continued downtown beautification projects are helping position Painesville as one of Northeast Ohio's emerging communities for both residents and investors. Residents enjoy convenient access to Downtown Painesville, Lake Erie, Mentor's retail corridor, Route 2, SR-44, and numerous major employers throughout Lake County. The property's central location continues to attract a strong tenant base seeking affordable housing with easy access to employment, shopping, dining, and recreation. Whether you're looking to expand an existing portfolio or acquire a stabilized cash-flowing investment in a market with continued upside, this property offers an outstanding combination of current income, proven occupancy, and future appreciation potential fueled by the ongoing revitalization of Downtown Painesville

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Based on information submitted to MLS Now as of July 14, 2026 7:57 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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