Great investor double just waiting for you. This up/down two family home is a super investment for the long run. The first floor has great long term tenants and the 2nd is ready for new occupants. This home received a new roof in November 2021, and had numerous updates that same year as well. There is a driveway on each side of this home so no tenant will block the other when it comes to parking in the drive. The mechanicals have been updated so not much to do but kick back and collect the rents. Owner provides the refrigerators & ranges, & the tenants supply their own washer & dryer. The first fl laundry is in the basement and the second floor is in-suite. Rents are low so there is a good value added opportunity to increase the bottom line numbers with a few modifications. Take your money out of a volatile stock market or underperforming savings and invest in real estate today. Come explore this great home and you’ll want to call it your own.
Closed
$164,000
396 Railroad St, Painesville, OH 44077
4beds
--sqft
Duplex, Multi Family
Built in 1910
-- sqft lot
$165,200 Zestimate®
$--/sqft
$1,264 Estimated rent
Home value
$165,200
$144,000 - $185,000
$1,264/mo
Zestimate® history
Owner options
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$1,264/mo
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$1,264/mo
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$1,164/mo
Est. payment
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$1,164/mo
Est. payment
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List your homeWhat's special
Driveway on each sideNew roof
Zillow last checked:
Listing updated:
Listed by:
Thomas F Seaman tseaman@kw.com216-469-7081,
Keller Williams Greater Metropolitan
Bought with:
Michael Kaim, 430767
Real of Ohio
Christy Herman, 2023001558
Real of Ohio
Source: MLS Now,MLS#: 5120222
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas
Cooling
- None
Appliances
- Included: Range, Refrigerator
- Laundry: In Basement, In Unit
Features
- Windows: Insulated Windows
- Has basement: Yes
Property
Parking
- Total spaces: 1
- Parking features: Driveway
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Fencing: Back Yard
Lot
- Size: 4,477 Square Feet
Details
- Parcel number: 15A004A000110
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Unknown
- Foundation: Block
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Phelps & Perkins
Location
- Region: Painesville
Financial & listing details
- Tax assessed value: $93,440
- Annual tax amount: $1,629
- Date on market: 5/8/2025
- Cumulative days on market: 36 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas, Heat, Hot Water, Internet, Sewer, Water
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2025 | Sold | $164,000-3% |
Source:  MLS Now #5120222 Report a problem | ||
| 6/13/2025 | Pending sale | $169,000 |
Source: MLS Now #5120222 Report a problem | ||
| 6/8/2025 | Contingent | $169,000 |
Source: MLS Now #5120222 Report a problem | ||
| 6/4/2025 | Price change | $169,000-8.6% |
Source: MLS Now #5120222 Report a problem | ||
| 5/22/2025 | Price change | $184,900-5.1% |
Source: MLS Now #5120222 Report a problem | ||
| 5/8/2025 | Listed for sale | $194,900+129.3% |
Source: MLS Now #5120222 Report a problem | ||
| 10/20/2021 | Sold | $85,000-1.2% |
Source: Public Record Report a problem | ||
| 5/31/2001 | Sold | $86,000+36.5% |
Source: Public Record Report a problem | ||
| 8/14/1995 | Sold | $63,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,637 +0.5% | $32,700 |
| 2024 | $1,629 +13.7% | $32,700 +42.2% |
| 2023 | $1,433 -1% | $22,990 |
| 2022 | $1,447 0% | $22,990 |
| 2021 | $1,447 +4.9% | $22,990 +20.1% |
| 2020 | $1,378 -0.9% | $19,150 |
| 2019 | $1,391 -17.6% | $19,150 -19.1% |
| 2018 | $1,688 | $23,670 |
| 2017 | $1,688 +0.5% | $23,670 |
| 2016 | $1,679 +0.2% | $23,670 |
| 2015 | $1,676 +0.3% | $23,670 |
| 2014 | $1,672 +0.4% | $23,670 |
| 2013 | $1,665 +8.2% | $23,670 |
| 2012 | $1,539 -2.3% | $23,670 -16.4% |
| 2011 | $1,575 +1.2% | $28,310 |
| 2010 | $1,556 +5% | $28,310 +0% |
| 2009 | $1,482 +0.9% | $28,309 -10% |
| 2008 | $1,468 +1% | $31,455 |
| 2007 | $1,454 -58.3% | $31,455 |
| 2006 | $3,485 +42.1% | $31,455 +43.8% |
| 2005 | $2,452 -0.1% | $21,868 |
| 2004 | $2,455 +7.3% | $21,868 |
| 2003 | $2,288 +24.8% | $21,868 +25% |
| 2002 | $1,834 -0.1% | $17,493 |
| 2001 | $1,835 +0.9% | $17,493 |
| 2000 | $1,819 -9.8% | $17,493 -9.8% |
| 1999 | $2,017 | $19,398 |
Find assessor info on the county website
Neighborhood: 44077
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Nearby schools
GreatSchools rating
- 4/10Elm Street Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10Heritage Middle SchoolGrades: 6-8Distance: 1.5 mi
- 4/10Harvey High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- District: Painesville City LSD - 4305
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$165,200
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$165,200
- Ohio
- Lake County
- Painesville
- 44077
- 396 Railroad St
Nearby cities
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