134 Pearl StreetPainesville, OH 44077

134 Pearl StreetPainesville, OH 44077

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$334,900 Active
Multi Unit - Multiple MLS 5211515 New to the Market
9 beds 4 full baths 4,628 sqft
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Listed By

Agency Name: Engel & Völkers Distinct
Agency Contact: 440-568-0400, cleveland@evrealestate.com

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Cash flowing 4-unit investment property in Painesville with potential to generate approximately $4,000/month in rental income,plus the added flexibility of owner-occupancy with one vacant unit currently available. Conveniently located near OH-2, OH-44, US-20, Lake Erie College, schools, shopping, restaurants, and other local attractions. One 3-bed/1-bath unit; two 2-bed/1-bath units; and one 1-bed/1-bath unit. Three units currently occupied. Recent updates include: replaced some windows (2024), Unit 134 refrigerator (2025), Units 134 & 136 electric fixtures (2026), Unit 134 bathtub (2026), and applied Rhino Shield coating on all exterior siding (2024).

134 Pearl Street | MLS# 5211515

This multi-family property located at 134 Pearl Street, Painesville, OH 44077 is currently listed for sale with an asking price of $334,900. Pearl Street is located within the Painesville City Local school district. Search Painesville real estate on 1009fairoaksavenuesw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Wall Unit(s)
Days on Market: 1
Garage: 1
Heating: Forced Air, Gas
Lot Size: 0.16 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $6,711 / year
Year Built: 1910

Feature Descriptions

Appliances: Range, Refrigerator
Exterior: Vinyl Siding
Parcel#: 15-B-005-0-00-062-0
Parking: Driveway, Detached, Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Painesville City Local

Demographics

Lake County Demographic Information for 134 Pearl Street, Painesville, OH 44077
Fips
Fips Code 39085
Population
2020 to 2025 Change down 0.1%
2010 Count 230,041
2020 Count 232,603
2025 Estimate (V2025) 232,217
2020 Estimate (V2025) 232,521
Age Distribution (Years Old)
0 to 4 4.4%
5 to 17 18.7%
18 to 64 53.7%
65 and Older 23.2%
Gender
Male 49.2%
Female 50.8%
Place of Birth
Foreign 5.4%
US 94.6%
Education
High School Graduate, Age 25+ 94.4%
Bachelor's Degree or Higher, Age 25+ 31.6%
Computer and Internet use
Households with a computer 95.5%
Households with a broadband Internet subscription 92.8%
Language
English is Second Language, Age 5+ 8.3%
English is First Language, Age 5+ 91.7%
Veterans
Veterans 13,389
Income
Per Capita Income $45,279
Median Household Income $80,925
People in Poverty 7.5%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 106,498
Households 101,144
Average Household Size 2.27
Owner-Occupied 75.8%
Multi-Family 19.7%
Owner-Occupied Median Value $214,100
Median selected monthly owner costs -with a mortgage $1,500
Median selected monthly owner costs -without a mortgage $635
Median gross rent $1,113
Building Permits
New Private Housing Issued 2024 428
Years at Residence
1 Year or More 89.7%
Less Than 1 Year 10.3%
Business and Employment
Private non-farm Establishments 5,504
Private non-farm Employment 87,115
Private non-farm Employment Growth down 0.5%
Nonemployer Establishments 17,947
Number of Firms 4,646
Business Production
Value of Shipments $6,531,471,000
Wholesale Trade $1,278,429,000
Retail Trade $3,755,526,000
Retail Sales Per Capita $15,267
Accommodation and Food Services $496,973,000
Land
Land Area 227.49 sq. miles
Population Per Square Mile 1,012

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,376.88 per month $1,719.95 Principal & Interest $559.25 Property Tax $97.68 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage
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