540 Mentor Avenue Painesville, OH $ 339,900
540 Mentor Avenue
$ 339,900
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540 Mentor Avenue

Painesville, OH, 44077
$ 339,900
Bedrooms6 Baths2.0 Sq 2,484

Monthly Estimate*

$ 2,121

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Multi-Family Home for sale in Painesville, OH

for $339,900 with 6 bedrooms and 2 full baths. This 2,484 square foot home was built in 1880 on a lot size of 0.2839.

Sizable duplex, conveniently located just steps from Lake Erie College and near OH-44, OH-2, and plenty of shopping, restaurants, and local attractions. Currently being used as a single-family property, but grandfathered in as a duplex. Central heating and cooling and updated electrical panels. Hardwood floors on the main level. The first-floor unit includes 2 bedrooms, a living room, dining room, kitchen, full bath, laundry room, and a side porch. The second-floor unit includes 4 bedrooms, a kitchen, full bath, and a balcony. The property includes a detached 2-car garage and a full basement for storage. Consistently rented under current ownership. Updates completed in 2024-2025 include: Replaced washer/dryer, 1st-floor dishwasher and gas range, 2nd-floor refrigerator, carpet on staircase and one 2nd-floor bedroom, painted 1st-floor bath, re-stained and painted porch, powerwashed exterior, and cleaned gutters. All appliances included.

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Multi-Family Active

Price

$ 339,900

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,453

Style

Lot Size

0.2839

Year Built

1880

Town/City

Painesville

County/Region

Lake

MLS | Web ID

5162031

Features
General
Sewer Public Sewer
Heating Forced Air Gas
Cooling Central Air
Possession Negotiable
Roof Asphalt Fiberglass
Appliances Dryer Range Refrigerator Washer
Garage Spaces 2
Patio/Porch Features Balcony
Construction Materials Aluminum Siding
Year Built 1880
Stories Count 2
Township Painesville
Levels Two
Property Subtype Duplex
Tax Year 2024
County Lake
Property Type Residential Income
Attached Garage false
Garage Y/N true
Total Rooms 11
Full Baths 2
Status Active
Directions Corner of Mentor Ave (US-20) and Hayes St. Driveway is on Hayes St.
City Painesville
Disclosures Owner Is Listing Agent
High School District Painesville City LSD - 4305
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 3453
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Painesville City LSD - 4305
Elementary School District Painesville City LSD - 4305
Year Built Source Public Records
Property Sub Type Additional Duplex
Legal Description PAINESVILLE LOT TRACT 3 PART OF S/L 7
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Interior
Interior Amenities Ceiling Fan(s) Chandelier Crown Molding Eat-in Kitchen Recessed Lighting Storage
Basement Full
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 2484
Half Baths 0
Laundry Features Main Level
Total Bedrooms 6
Main Level Bathrooms 0
Above Grade Finished Area Source Realist
Total Baths 2
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Exterior
Exterior Amenities Balcony
Parking Features Detached Garage
Lot Features Back Yard Front Yard
Water Source Public
Lot Size Area 0.2839
Number of Buildings 1
Lot Size Acres 0.2839
Lot Size Source Public Records
Waterfront Y/N false
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* Excluded Features
List By
Adam T Zimmerman

Listing Agent

Engel & Völkers Distinct

Broker

adam.zimmerman@evrealestate.com

Email

Affordability Calculator

$2,408
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,121
Monthly Property Taxes
$288
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
Pricing History
DatePricePrice ChangeDescription
10/10/2025$339,900 Listed Price

Map


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540 Mentor Avenue, Painesville, OH, 44077 is a Multi-Family Home for sale at $339,900 with 2,484 sqft and a lot size of 0.2839. 540 Mentor Avenue has 6 bedrooms, 2.0 baths, and was built in 1880. The property's zip code is 44077 which is in Painesville, OH