267 Rockwood Drive, Painesville, OH 44077
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by:christine jarrell
Office:all access realty
MLS#:5168168
Source:OH_NORMLS
Price summary
- Price:$189,900
- Price per sq. ft.:$99.06
About this home
Here’s your chance to own a classic income-producing duplex colonial in Lake County, Ohio; except this duplex comprises 2 free-standing single-family structures. The Front House has refreshed paint and flooring. It offers 3 generous bedrooms upstairs, 2 very roomy full bathrooms (1 bath up and 1 bath on the main floor), a large eat-in kitchen with a bonus area, and a spacious, open living/dining layout. The furnace is new this year, the HWT is just under 3yrs old, and the electrical is updated. This Front House is currently vacant—perfect for a family or for an investor to place a new tenant at today’s market rents, ready to boost cash flow significantly. The Back House is occupied by a tenured tenant of over 9 years, paying $600 per month + utilities. The furnace is approximately 15yrs old and the HWT is <5yrs. The Back House could use some TLC. Both roofs are newer <10yrs! The driveway is double-wide, providing organized duo-tenant designated parking. This property provides both current stability and a great deal of upside. Full-service professional management for tenant screening, leasing, marketing, and tenant communications, as well as for rehab and construction services, is available. This ensures a smooth transition and makes this property an attractive option for both local and out-of-state buyers. Located very close to schools, shopping, parks, and major highways, this duplex offers convenience for tenants and Owner. Whether you’re looking for the perfect place for you and your extended family, or whether you're building your investment portfolio and/or entering the Cleveland-area market for the first time, this is a versatile investment opportunity offering immediate income and long-term growth potential—schedule a showing today!
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Home facts
- Year built:1925
- Listing ID #:5168168
- Added:1 day(s) ago
- Updated:October 30, 2025 at 02:19 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Living area:1,917 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt
- Year built:1925
- Building area:1,917 sq. ft.
- Lot area:0.12 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$189,900
- Price per sq. ft.:$99.06
- Tax amount:$2,970 (2024)
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