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39 Nelson Street Painesville, OH $ 399,900
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$ 399,900 Get more info
39 Nelson Street
$ 399,900
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39 Nelson Street

Painesville, OH, 44077
$ 399,900
Bedrooms-- Baths--

Monthly Estimate*

$ 2,495

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Commercial Property for sale in Painesville, OH

for $399,900. This building was built in 1910 on a lot size of 0.22.

Investors' 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. Rent Apartment 1- $700 month to month Apartment 2- $900 month to month Apartment 3- $900 April 2026 Apartment 4- $950 February 2026 Apartment 5- $700 month to month

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Commercial Active

Price

$ 399,900

Property Type

Commercial

Taxes

$ 3,198

Style

Lot Size

0.22

Year Built

1910

Town/City

Painesville

County/Region

Lake

MLS | Web ID

5154302
Features
General
Sewer Public Sewer
Heating Hot Water Steam
Cooling Window Unit(s)
Possession Negotiable
Roof Asphalt Fiberglass
Year Built 1910
Stories Count 2
Township Painesville
Levels Two
Property Subtype Apartment
Tax Year 2024
Current Use Residential Single Family
Business Type Residential
County Lake
Property Type Commercial Sale
Attached Garage false
Subdivision Name West Walnut Estates
Status Active
Directions Take I-90 to Exit 223 (OH-44 S toward Painesville/Chardon). Continue south on OH-44 S for about 2 miles. Take the exit toward Mentor Ave/US-20 and turn left (east) onto Mentor Ave/US-20. Continue on Mentor Ave for approximately 1.5 miles. Turn right onto Richmond St. Turn left onto Liberty St. Turn right onto Nelson St ? the property will be on your right.
City Painesville
High School District Painesville City LSD - 4305
Zoning Description Commercial
Lot Size Units Acres
Tax Annual Amount 3198
Water Sewer Expense 75
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Painesville City LSD - 4305
Elementary School District Painesville City LSD - 4305
Year Built Source Public Records
Total Actual Rent 4150
Property Sub Type Additional Apartment
Legal Description PAINESVILLE LOT TRACT 3 PART OF LOT 1 Multi-family
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Interior
Basement Full Unfinished
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Fencing Chain Link Partial
Water Source Public
Lot Size Area 0.22
Building Area Total 5406
Lot Size Acres 0.22
Lot Size Source Public Records
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* Excluded Features
List By
Asa A Cox

Listing Agent

Century 21 Asa Cox Homes

Broker

asa.asacoxhomes@gmail.com

Email

Affordability Calculator

$2,761
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,495
Monthly Property Taxes
$267
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4458709 Elementary School
4458738 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/17/2025$399,900 Listed Price

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39 Nelson Street, Painesville, OH, 44077 is a Commercial Property for sale at $399,900 with a lot size of 0.22. 39 Nelson Street was built in 1910. The property's zip code is 44077 which is in Painesville, OH

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