58 Adelaide Ave, Painesville, OH, 44077
About This Home
Completely renovated and cash-flowing 2-unit investment property in Painesville Township, in the Riverside School District, currently generating $2,200/month in rental income, with the potential to generate $2,500 or more per month. The home features 2 currently occupied units: Lower unit has 3 bedrooms and a full bath; upper unit has 1 bedroom and a full bath. Both units have in-suite laundry, stainless steel appliances, new flooring and paint. RECENT UPDATES: Replaced roof and siding (2024), completed updated both units including kitchens, baths, flooring, paint, and all appliances (2024/2025). INCLUDED are ALL kitchen appliances and washers/dryers. Conveniently located near OH-2, OH-44, US-20, Lake Erie College, Headlands Beach and Fairport Harbor Lakefront parks, shopping, restaurants, and other local attractions.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Roof: Metal
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Duplex,Multi Family
Interior
Appliances
- Appliances included: Dryer,Range,Refrigerator,Washer
- Laundry features: Washer Hookup,Gas Dryer Hookup,In Unit
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 1,584
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: None
Interior Area
- Total structure area: 1,584
- Total interior livable area: 1,584 sqft
Property
Details
- Parcel number: 11B065C000040
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 7,148 sqft
Parking
- Parking features: Driveway
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,263 | $15,156 |
| Home Insurance * | $108 | $1,296 |
| Property Taxes | $312 | $3,744 |
| Electricity | $193 | $2,320 |
| Total | $1,876 | $22,512 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-19 | Listed for sale | $249,900 |
| 2022-08-25 | Sold | $112,500 |
| 2022-08-05 | Pending sale | $115,000 |
| 2022-07-30 | Listed for sale | $115,000 |
| 2022-05-12 | Sold | $72,000 |
| 2019-12-04 | Sold | $129,000 |
| 2010-11-23 | Listing removed | $81,250 |
| 2009-12-04 | Price change | $81,250 |
| 2009-09-15 | Listed for sale | $86,250 |
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