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559 549 E Main Street
Geneva, OH 44041

$224,000 - Status: Active
SQFT: 2,760
MLS# 5114853

Price just dropped..!! ...and this is a NICE turn key purchase!! Back on the market due to Buyer's failed financing - no fault of the property. This is a solid income producer w/a 2760 SF up/down duplex & a 1216 SF commercial bldg on over a 1/2 ac lot. More than adequate parking space available for all 3 tenants (out front and also in back). Duplex is 100% occupied, with both the up and down units on a M-M agreement. Tenants pay their own utilities. All on separate water & electric meters. Commercial building is occupied on a lease that expires May 2026 and seller holds a 725.00 SD. Tenant is paying all utilities. 650 Security Deposit on the down unit; 560 in place on the up unit.Owner only pays insurance (approximately 1250 and 1000 annually).Duplex has no AC- commercial building does.Duplex has wood siding & new (2024) shingles; commerical bldg is block/vinyl/wood & has AF shingles. Up unit has no laundry hookup; down unit laundry is in the basement. Down unit tenant owns appliances; up unit appliances are owned by the seller. Boiler was just replaced in June in the upstairs duplex unit and the electric panel was completely replaced in December of 2025!. This property has been very well maintained & offers the unique advantage of both a multi family building and a commercial option.The 1972 commercial building is on a slab, has a 1/2 bath, mechanicals room w/ slop sink, AC, gas FA heat & 200 amp electric. Lobby area is 18x17, middle room 14x14, big rear room is 21x16, small rear room is 11x9 & the entire building has new laminate flooring & plenty of overhead lighting. Great set up for any number of businesses & just minutes from down town. 48 hour notice preferred for showings. Back on the market due to Buyer fail...not the property!

Property Features

MLS#: 5114853
Zip: 44041
Subdivision:
Development: Geneva
Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Cooling: None
Days on Site: 371
Heating: Gas, Hot Water, Steam
Lot Size: 0.63 acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,701 / year
Year Built: 1900

Feature Descriptions

Accessibility: None
Exterior: Wood Siding
Laundry: In Unit, None
Parcel#: 200190002600
Parking: No Garage, Unpaved
Sewer: Public Sewer
Water: Public

Local Schools

School District: Geneva Area City

559 549 E Main Street | MLS# 5114853

This multi-family property located at 559 549 E Main Street, Geneva, OH 44041 is currently listed for sale with an asking price of $224,000. 549 E Main Street is located within the Geneva Area City school district. Search Geneva real estate on www.greatmoverealty.net today.

Listed By / Shown By

Listed By

Agency Name: Assured Real Estate
Agency Contact: 440-576-7355, info@assuredrealestateoh.com

Shown By

Agency Title: Great Move Realty
Agency Phone: (330) 624-9605

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