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$319,900

  • For Sale
  • Active
  • Duplex
  • 6 Beds
  • 2 Full Baths
  • 2,484 Sq. Ft.
  • 0.2839 Acres
  • 2 Car Garage
  • Updated 11 days ago
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Sizable duplex, conveniently located just steps from Lake Erie College and near OH-44, OH-2, and plenty of shopping, restaurants, and local attractions. Currently being used as a single-family property, but grandfathered in as a duplex. Central heating and cooling and updated electrical panels. Hardwood floors on the main level. The first-floor unit includes 2 bedrooms, a living room, dining room, kitchen, full bath, laundry room, and a side porch. The second-floor unit includes 4 bedrooms, a kitchen, full bath, and a balcony. The property includes a detached 2-car garage and a full basement for storage. Consistently rented under current ownership. Updates completed in 2024-2025 include: Replaced washer/dryer, 1st-floor dishwasher and gas range, 2nd-floor refrigerator, carpet on staircase and one 2nd-floor bedroom, painted 1st-floor bath, re-stained and painted porch, powerwashed exterior, and cleaned gutters. All appliances included.

Full Property Details for 540 Mentor Ave

General

  • Price: $319,900
  • Taxes: $3,453 (2024)
  • Status: Active
  • Type: Duplex
  • Source: 505
  • MLS ID: 5162031
  • Updated: 1/6/2026
  • Added to Site: 94 day(s) ago

Interior

  • Number of Rooms: 11
  • Interior Features: Ceiling Fan(s), Chandelier, Crown Molding, Eat-in Kitchen, Recessed Lighting, Storage
  • Appliances: Dryer, Range, Refrigerator, Washer

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Main Level

Exterior

  • Exterior Features: Balcony
  • Porch/Patio/Deck: Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached, Garage

Location

  • County: Lake
  • Township: Painesville
  • Driving Directions: Corner of Mentor Ave (US-20) and Hayes St. Driveway is on Hayes St.

School Information

  • Elem School District: Painesville City LSD - 4305
  • Midd School District: Painesville City LSD - 4305
  • High School District: Painesville City LSD - 4305

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Construction: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Full
  • Roof: Asphalt, Fiberglass
  • Stories/Levels: 2
  • Square Feet: 2,484
  • Living Area: 2,484 Sq. Ft.
  • Finished Above Grnd: 2,484 Sq. Ft.
  • Year Built: 1880
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.2839
  • Lot Size: .2839
  • Lot Size Source: Public Records
  • Lot Features: Back Yard, Front Yard

Financial Considerations

  • Tax Amount: $3,453
  • Tax Year: 2024
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: PAINESVILLE LOT TRACT 3 PART OF S/L 7
  • Disclosures/Rstr.: Owner Is Listing Agent
  • Property ID: 15-C-018-0-00-018-0

Listed by Engel & Völkers Distinct, Adam T Zimmerman

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Listing agent

— 540 Mentor Ave —

  • Adam T Zimmerman

    Engel & Völkers Distinct

440-568-0400, cleveland@evrealestate.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 540 Mentor Ave

School District:Painesville City Local School District
NameGradesDistance
Maple Elementary School
560 West Jackson Street, Painesville, OH 44077
K-50.3 mi
Heritage Middle School
135 Cedarbrook Drive, Painesville, OH 44077
6-80.8 mi
Harvey High School
200 West Walnut Avenue, Painesville, OH 44077
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 540 Mentor Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/06/2026
Price Reduced
$319,900
-5.88%
MLS
10/15/2025
Listed
$339,900
126.6%
MLS
4/18/2018
Sold
$150,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 540 Mentor Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,453
-2%
$70,400
22%
2023
$3,522
-1%
$57,660
—
2021
$3,556
—
$57,660
—
2022
$3,556
3%
$57,660
18%
2020
$3,446
-1%
$48,870
—
2019
$3,478
2%
$48,870
—
2018
$3,409
6%
$48,870
11%
2017
$3,218
—
$43,950
—
2016
$3,202
—
$43,950
—
2015
$3,196
-4%
$43,950
—
2014
$3,329
4%
$43,950
—
2013
$3,188
—
$43,950
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by Engel & Völkers Distinct, Adam T Zimmerman

540 Mentor Avenue, Painesville, OH 44077 (MLS# 5162031) is a Duplex property with 6 bedrooms and 2 full bathrooms. 540 Mentor Avenue is currently listed for $319,900 and was received on October 15, 2025. Want to learn more about 540 Mentor Avenue? Do you have questions about finding other Duplex real estate for sale in Painesville? You can browse all Painesville real estate or contact a Coldwell Banker agent to request more information.

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