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Commercial Real Estate for Sale at 39 Nelson Street in Painesville, OH for $399,900

Listing data last changed 09/05/2025 - 7:09pm
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39 Nelson Street | Painesville

$399,900 | 0.0 Sq. Ft.

Investors\u0027 dream! This fully occupied 5-unit property offers a fantastic opportunity with strong rental income. Each unit features 1 bedroom, 1 bathroom, a comfortable living room, and a functional kitchen, providing tenants with everything they need. Generating $4,150 in monthly income, this property is a solid addition to any portfolio. Boasting over 5,000 sq. ft. of living space, the building provides spacious accommodations and long-term rental potential. Its central location places tenants close to shopping, dining, and local amenities, ensuring convenience and consistent demand. Whether you?re expanding your investment portfolio or starting with a strong cash-flowing property, 39 Nelson St is a must-see opportunity in the heart of Painesville.\r\n\r\nRent\r\n\r\nApartment 1- $700 month to month\r\nApartment 2- $900 month to month\r\nApartment 3- $900 April 2026\r\nApartment 4- $950 February 2026\r\nApartment 5- $700 month to month MLSNow 5154302 Directions to property: Take I-90 to Exit 223 (OH-44 S toward Painesville/Chardon). \r\nContinue south on OH-44 S for about 2 miles. \r\nTake the exit toward Mentor Ave/US-20 and turn left (east) onto Mentor Ave/US-20. \r\nContinue on Mentor Ave for approximately 1.5 miles. \r\nTurn right onto Richmond St. \r\nTurn left onto Liberty St. \r\nTurn right onto Nelson St ? the property will be on your right.

MLS Listing ID: 
MLSNow 5154302
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$399,900
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Painesville
Address: 
39 Nelson Street, Painesville, OH 44077
County: 
Lake
Latitude: 
41.7138760
Longitude: 
-81.2570370
Directions: 
Take I-90 to Exit 223 (OH-44 S toward Painesville/Chardon). \r\nContinue south on OH-44 S for about 2 miles. \r\nTake the exit toward Mentor Ave/US-20 and turn left (east) onto Mentor Ave/US-20. \r\nContinue on Mentor Ave for approximately 1.5 miles. \r\nTurn right onto Richmond St. \r\nTurn left onto Liberty St. \r\nTurn right onto Nelson St ? the property will be on your right.
Public Remarks: 
Investors\u0027 dream! This fully occupied 5-unit property offers a fantastic opportunity with strong rental income. Each unit features 1 bedroom, 1 bathroom, a comfortable living room, and a functional kitchen, providing tenants with everything they need. Generating $4,150 in monthly income, this property is a solid addition to any portfolio. Boasting over 5,000 sq. ft. of living space, the building provides spacious accommodations and long-term rental potential. Its central location places tenants close to shopping, dining, and local amenities, ensuring convenience and consistent demand. Whether you?re expanding your investment portfolio or starting with a strong cash-flowing property, 39 Nelson St is a must-see opportunity in the heart of Painesville.\r\n\r\nRent\r\n\r\nApartment 1- $700 month to month\r\nApartment 2- $900 month to month\r\nApartment 3- $900 April 2026\r\nApartment 4- $950 February 2026\r\nApartment 5- $700 month to month
Community Information
School District: 
Painesville City LSD - 4305
Subdivision: 
West Walnut Estates
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1910
Living Area: 
0.0
Basement: 
Full,Unfinished
Construction
Roof: 
Asphalt,Fiberglass
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Hot Water,Steam
Cooling System: 
Window Unit(s)
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.22
Lot Size (Area): 
0.22
Lot Features
Fence: 
Chain Link,Partial
Public Record
Parcel Number: 
15-C-033-F-00-061-0
Annual Tax: 
$3,198.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
CENTURY 21 Asa Cox Homes

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