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205 Mentor Ave
Painesville, OH 44077

$695,000 USD

Apartments For Sale  •  12,560 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,560 SF
  • Lot Size 0.65 AC
  • Building Class B
  • Year Built 1910
  • Cap Rate 9.41 %
  • Zoning R-3
30 Transit Score
50 Walk Score

Highlights

100% occupied 7-unit apartment building
Attractive 9.4% cap rate based on actual trailing six-month NOI
Offered at just $99,286 per unit
Approximately 0.3-acre development site included
Opportunity to construct an additional apartment building
Potential to add an 8th apartment within the existing structure

Property Flyers

Financial Summary (Actual)

Net Operating Income: $65,429 USD (2026)
Cap Rate: 9.41 %
Total Expenses: $37,676 USD

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Dean August 440-591-1170 Guggenheim Commercial Real Estate Group
Dean August 440-591-1170 Guggenheim Commercial Real Estate Group