Real Estate Investment Properties for Sale in Painesville, OH

Looking for investment property in Painesville, OH with high ROI ?

Explore a variety of short-term homes & houses in Painesville, OH. Invest wisely with VRBO & Painesville, OH Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Painesville, OH

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
580 E Erie Street Painesville, OH Step into this spacious 3 bedroom, 2.5 bath Colonial filled with timeless charm and charac...	3 beds \| 2 baths \| 1,560 sq.ft.	$179,900	Airbnb cash on cash: 9.08% Traditional cash on cash: 9.43% Airbnb Rental Income: $2613 Traditional Rental Income: $2048 Airbnb ROI: 9.08% Traditional ROI: 9.43%
535 Cherrywood Lane Painesville, OH Newer built Colonial situated on a premium pond-view lot in the desirable Encore Estates a...	4 beds \| 3 baths \| 2,200 sq.ft.	$389,500	Airbnb cash on cash: 3.9% Traditional cash on cash: 6.23% Airbnb Rental Income: $2532 Traditional Rental Income: $2772 Airbnb ROI: 3.9% Traditional ROI: 6.23%
134 Pearl Street Painesville, OH Cash flowing 4-unit investment property in Painesville generating $4,000/month in rental i...	9 beds \| 4 baths \| 4,628 sq.ft.	$315,000	Airbnb cash on cash: 3.97% Traditional cash on cash: 5.55% Airbnb Rental Income: $2613 Traditional Rental Income: $2457 Airbnb ROI: 3.97% Traditional ROI: 5.55%
893 Mentor Avenue Painesville, OH Welcome home to this impeccably maintained, two-level ranch where comfort meets functional...	4 beds \| 2 baths \| 1,928 sq.ft.	$275,000	Airbnb cash on cash: 5.06% Traditional cash on cash: 1.13% Airbnb Rental Income: $2532 Traditional Rental Income: $902 Airbnb ROI: 5.06% Traditional ROI: 1.13%
1651 Mentor Avenue #1804 Painesville, OH Welcome to Cambridge Condos! This beautifully maintained and updated 2-bedroom, 1.5-bath c...	2 beds \| 2 baths \| 960 sq.ft.	$124,900	Airbnb cash on cash: 9.95% Traditional cash on cash: 3.53% Airbnb Rental Income: $2370 Traditional Rental Income: $1014 Airbnb ROI: 9.95% Traditional ROI: 3.53%
120 Levan Drive Painesville, OH A complete transformation without sacrificing an ounce of character! This stunning histori...	5 beds \| 2 baths \| 2,727 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.02% Airbnb Rental Income: $null Traditional Rental Income: $2555 Airbnb ROI: N/A Traditional ROI: 5.02%
6635 Taylor Road Painesville, OH Welcome to your Leroy retreat! Situated on 1.64 acres, this move-in ready 3-bedroom home o...	3 beds \| 2 baths \| 1,848 sq.ft.	$295,000	Airbnb cash on cash: 5% Traditional cash on cash: 5.58% Airbnb Rental Income: $2613 Traditional Rental Income: $2150 Airbnb ROI: 5% Traditional ROI: 5.58%
44 Parkview Drive Painesville, OH A sharp colonial design, inside & out. Several charming characteristics ... original baseb...	3 beds \| 2 baths \| 1,696 sq.ft.	$189,900	Airbnb cash on cash: 8.26% Traditional cash on cash: 4.09% Airbnb Rental Income: $2613 Traditional Rental Income: $1235 Airbnb ROI: 8.26% Traditional ROI: 4.09%
386 W Jackson Street Painesville, OH Welcome to 386 W Jackson St in Painesville! This beautifully remodeled bungalow offers 3 b...	3 beds \| 2 baths \| 1,100 sq.ft.	$189,900	Airbnb cash on cash: 8.48% Traditional cash on cash: 6.99% Airbnb Rental Income: $2613 Traditional Rental Income: $1720 Airbnb ROI: 8.48% Traditional ROI: 6.99%
170 Charlotte Street Painesville, OH Welcome to this stunning "all brick " Cape Cod Home with an oversized brick garage and fre...	3 beds \| 1 baths \| N/A	$249,900	Airbnb cash on cash: 6.04% Traditional cash on cash: 3.54% Airbnb Rental Income: $2613 Traditional Rental Income: $1397 Airbnb ROI: 6.04% Traditional ROI: 3.54%
5298 Queen Ann Way Painesville, OH Welcome home to this spacious three bedroom, two full bathroom condominium in Perry school...	3 beds \| 2 baths \| 1,356 sq.ft.	$244,000	Airbnb cash on cash: 4.82% Traditional cash on cash: 4.22% Airbnb Rental Income: $2613 Traditional Rental Income: $1850 Airbnb ROI: 4.82% Traditional ROI: 4.22%
352 W Jackson Street Painesville, OH This large side-by-side duplex is highly desirable with each unit having their own private...	5 beds \| 2 baths \| 2,114 sq.ft.	$212,000	Airbnb cash on cash: 7.45% Traditional cash on cash: 9.14% Airbnb Rental Income: $2613 Traditional Rental Income: $2327 Airbnb ROI: 7.45% Traditional ROI: 9.14%
792 Rivers Edge Lane Painesville, OH Welcome to 792 Rivers Edge Lane in Painesville, Ohio. Free standing home in The Retreat at...	2 beds \| 2 baths \| 1,400 sq.ft.	$289,900	Airbnb cash on cash: 4.1% Traditional cash on cash: 5.65% Airbnb Rental Income: $2370 Traditional Rental Income: $2209 Airbnb ROI: 4.1% Traditional ROI: 5.65%
6350 Auburn Road Painesville, OH Welcome to 6350 Auburn Road in Painesville, a beautifully updated 3-bedroom, 2-bath all br...	3 beds \| 2 baths \| 3,056 sq.ft.	$374,900	Airbnb cash on cash: 3.26% Traditional cash on cash: 4.38% Airbnb Rental Income: $2613 Traditional Rental Income: $2383 Airbnb ROI: 3.26% Traditional ROI: 4.38%
4450 Redwood Drive Painesville, OH ONE FLOOR LIVING AT ITS FINEST! Fabulous 3 bedroom/1.5 bathroom ranch home situated on a q...	3 beds \| 2 baths \| 1,404 sq.ft.	$225,000	Airbnb cash on cash: 7.18% Traditional cash on cash: 6.79% Airbnb Rental Income: $2613 Traditional Rental Income: $1906 Airbnb ROI: 7.18% Traditional ROI: 6.79%
1181 Crescent Drive Painesville, OH What a beautiful place to call home! This charming 3-bedroom bungalow combines classic cha...	3 beds \| 1 baths \| 936 sq.ft.	$179,900	Airbnb cash on cash: 8.93% Traditional cash on cash: 5.07% Airbnb Rental Income: $2613 Traditional Rental Income: $1329 Airbnb ROI: 8.93% Traditional ROI: 5.07%
10300 Brian Drive Painesville, OH Exceptional Investment Opportunity in a highly sought after Concord neighborhood. Discover...	3 beds \| 1 baths \| 1,309 sq.ft.	$250,000	Airbnb cash on cash: 5.77% Traditional cash on cash: 2.58% Airbnb Rental Income: $2613 Traditional Rental Income: $1235 Airbnb ROI: 5.77% Traditional ROI: 2.58%
849 Derby Drive Painesville, OH Welcome to 849 Derby Drive in Painesville, where pride of ownership shines through every d...	3 beds \| 2 baths \| 1,432 sq.ft.	$224,900	Airbnb cash on cash: 6.41% Traditional cash on cash: 6.08% Airbnb Rental Income: $2613 Traditional Rental Income: $1919 Airbnb ROI: 6.41% Traditional ROI: 6.08%
366 Riverside Drive Painesville, OH Welcome home to this beautifully renovated and updated 3-bedroom home offering modern upgr...	3 beds \| 2 baths \| N/A	$234,900	Airbnb cash on cash: 6.72% Traditional cash on cash: 6.41% Airbnb Rental Income: $2613 Traditional Rental Income: $1919 Airbnb ROI: 6.72% Traditional ROI: 6.41%
12310 Huntoon Road Painesville, OH Welcome home to peaceful country living in beautiful Concord Township! Nestled on a seclud...	3 beds \| 2 baths \| 1,958 sq.ft.	$359,000	Airbnb cash on cash: 3.86% Traditional cash on cash: 4.67% Airbnb Rental Income: $2613 Traditional Rental Income: $2263 Airbnb ROI: 3.86% Traditional ROI: 4.67%
370 Bank Street Painesville, OH Step into a piece of Painesville history at 370 Bank Street, a charming 1860s home believe...	3 beds \| 2 baths \| 1,432 sq.ft.	$165,000	Airbnb cash on cash: 9.64% Traditional cash on cash: 9.49% Airbnb Rental Income: $2613 Traditional Rental Income: $1965 Airbnb ROI: 9.64% Traditional ROI: 9.49%
874 Hine Avenue Painesville, OH Welcome home!! Pride of ownership is the hallmark of this absolutely gorgeous and complete...	3 beds \| 1 baths \| 1,231 sq.ft.	$189,000	Airbnb cash on cash: 8.51% Traditional cash on cash: 4.31% Airbnb Rental Income: $2613 Traditional Rental Income: $1235 Airbnb ROI: 8.51% Traditional ROI: 4.31%
73 E South Street Painesville, OH Why build new when you can own this 2024 custom-built ranch by one of the area's premier b...	3 beds \| 2 baths \| 2,182 sq.ft.	$345,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 4.78% Airbnb Rental Income: $2613 Traditional Rental Income: $2489 Airbnb ROI: 3.23% Traditional ROI: 4.78%
234 Mentor Avenue Painesville, OH A rare opportunity to own a piece of Painesville history and an assumable mortgage availab...	3 beds \| 4 baths \| 2,765 sq.ft.	$314,900	Airbnb cash on cash: 4.96% Traditional cash on cash: 8.27% Airbnb Rental Income: $2613 Traditional Rental Income: $2970 Airbnb ROI: 4.96% Traditional ROI: 8.27%
7680 Jennings Drive Painesville, OH Welcome to 7680 Jennings Dr in Painesville, a ranch set on a large, tranquil lot with plen...	3 beds \| 2 baths \| 1,640 sq.ft.	$249,900	Airbnb cash on cash: 5.88% Traditional cash on cash: 6.05% Airbnb Rental Income: $2613 Traditional Rental Income: $2029 Airbnb ROI: 5.88% Traditional ROI: 6.05%
900 Bellvue Drive Painesville, OH Welcome to 900 Bellevue Ave, conveniently located near Painesville parks and the lakefront...	3 beds \| 2 baths \| 1,134 sq.ft.	$189,900	Airbnb cash on cash: 8.28% Traditional cash on cash: 6.68% Airbnb Rental Income: $2613 Traditional Rental Income: $1700 Airbnb ROI: 8.28% Traditional ROI: 6.68%
1360 Cedar Creek Court Painesville, OH Welcome to 1360 Cedar Creek Court in Painesville! From the moment you arrive, you'll fall ...	4 beds \| 3 baths \| 3,004 sq.ft.	$379,900	Airbnb cash on cash: 2.7% Traditional cash on cash: 5.44% Airbnb Rental Income: $2532 Traditional Rental Income: $2897 Airbnb ROI: 2.7% Traditional ROI: 5.44%

Real Estate investment in Painesville, OH

There are 50 properties for sale in the city of Painesville . The median list price in Painesville is $229,891 and the average price per square foot is $125. In November 2026, the average monthly cash on cash return in Painesville is 5.00%. The average monthly rental income in Painesville is $1,866.

Painesville, OH Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 50 investment properties available for sale in Painesville.

In 2026, the best neighborhood to buy investment property is Painesville.

The ROI for Short-Term is higher than the Long-Term in Painesville with average rental income of $2,613.

Your search for investment property begins and ends here

Investment Property for Sale in Painesville, OH

580 E Erie Street

Painesville, OH

3 beds | 2 baths | 1,560 sq.ft.

$179,900

Airbnb cash on cash: 9.08%

Traditional cash on cash: 9.43%

Airbnb Rental Income: $2613

Traditional Rental Income: $2048

Airbnb ROI: 9.08%

Traditional ROI: 9.43%

535 Cherrywood Lane

Painesville, OH

4 beds | 3 baths | 2,200 sq.ft.

$389,500

Airbnb cash on cash: 3.9%

Traditional cash on cash: 6.23%

Airbnb Rental Income: $2532

Traditional Rental Income: $2772

Airbnb ROI: 3.9%

Traditional ROI: 6.23%

134 Pearl Street

Painesville, OH

9 beds | 4 baths | 4,628 sq.ft.

$315,000

Airbnb cash on cash: 3.97%

Traditional cash on cash: 5.55%

Airbnb Rental Income: $2613

Traditional Rental Income: $2457

Airbnb ROI: 3.97%

Traditional ROI: 5.55%

893 Mentor Avenue

Painesville, OH

4 beds | 2 baths | 1,928 sq.ft.

$275,000

Airbnb cash on cash: 5.06%

Traditional cash on cash: 1.13%

Airbnb Rental Income: $2532

Traditional Rental Income: $902

Airbnb ROI: 5.06%

Traditional ROI: 1.13%

1651 Mentor Avenue #1804

Painesville, OH

2 beds | 2 baths | 960 sq.ft.

$124,900

Airbnb cash on cash: 9.95%

Traditional cash on cash: 3.53%

Airbnb Rental Income: $2370

Traditional Rental Income: $1014

Airbnb ROI: 9.95%

Traditional ROI: 3.53%

120 Levan Drive

Painesville, OH

5 beds | 2 baths | 2,727 sq.ft.

$375,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.02%

Airbnb Rental Income: $null

Traditional Rental Income: $2555

Airbnb ROI: N/A

Traditional ROI: 5.02%

6635 Taylor Road

Painesville, OH

3 beds | 2 baths | 1,848 sq.ft.

$295,000

Airbnb cash on cash: 5%

Traditional cash on cash: 5.58%

Airbnb Rental Income: $2613

Traditional Rental Income: $2150

Airbnb ROI: 5%

Traditional ROI: 5.58%

44 Parkview Drive

Painesville, OH

3 beds | 2 baths | 1,696 sq.ft.

$189,900

Airbnb cash on cash: 8.26%

Traditional cash on cash: 4.09%

Airbnb Rental Income: $2613

Traditional Rental Income: $1235

Airbnb ROI: 8.26%