508 Railroad St
Painesville, OH 44077
4 bd 2 ba 1,210 sqft Built 1880 Lot 4,500 sqft multi_family
Most recent sale
$80,000
Oct 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 6, 2022 | Sold | $80,000 | MLS #4398048 |
| Aug 4, 2022 | Listed | $84,500 | MLS #4398048 |
| May 18, 2000 | Sold | $34,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $20,040 | $5,030 | $25,070 | $1,306 |
| 2024 | $20,040 | $5,030 | $25,070 | $1,301 |
| 2023 | $15,350 | $4,150 | $19,500 | $1,263 |
| 2022 | $15,350 | $4,150 | $19,500 | $1,275 |
| 2021 | $15,350 | $4,150 | $19,500 | $1,275 |
| 2020 | $12,790 | $3,460 | $16,250 | $1,218 |
| 2019 | $12,790 | $3,460 | $16,250 | $1,229 |
| 2018 | $12,790 | $3,460 | $16,250 | $1,190 |
| 2017 | $15,690 | $3,580 | $19,270 | $1,458 |
| 2016 | $15,690 | $3,580 | $19,270 | $1,451 |
| 2015 | $15,690 | $3,580 | $19,270 | $1,449 |
| 2014 | $15,690 | $3,580 | $19,270 | $1,445 |
| 2013 | $15,690 | $3,580 | $19,270 | $1,356 |
| 2012 | $15,690 | $3,580 | $19,270 | $1,253 |
| 2011 | $19,530 | $3,760 | $23,290 | $1,296 |
| 2010 | $19,530 | $3,760 | $23,290 | $1,280 |
| 2009 | $19,526 | $3,762 | $23,288 | $1,219 |
| 2007 | $21,697 | $4,179 | $25,876 | $1,230 |
Property facts
Year built
1880
Property type
multi_family
Stories
2
Beds
4
Baths
2
Living area
1,210 sqft
Lot size
4,500 sqft
ZIP code
44077
City
Painesville
Street
Railroad St
Coordinates
41.73343, -81.24254
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$480
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 508 Railroad St last sell?
508 Railroad St most recently sold on Oct 6, 2022 for $80,000.
What is the current tax assessment for 508 Railroad St?
The most recent total assessment for 508 Railroad St (year 2025) is $25,070 with $1,306 in property tax.
How does 508 Railroad St's assessment compare to its last sale price?
The current assessment is 68.7% below the last sale price of $80,000.
When was 508 Railroad St built?
508 Railroad St was built in 1880.
How does 508 Railroad St compare to others on Railroad St?
We track 7 other properties on Railroad St. Browse the list under "Other properties on Railroad St" to compare beds, baths, and sale history.
What are the property facts for 508 Railroad St?
508 Railroad St is a 4 bed, 2 bath, 1,210 sqft, 4,500 sqft lot multi_family.
Is 508 Railroad St a flip candidate?
No — 508 Railroad St does not appear in our flips dataset.
Is 508 Railroad St a tax-appeal candidate?
No — 508 Railroad St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.3%
Implied 1-yr
-1.3%
2026 Q3
$249.2K
2026 Q4
$248.3K
ZIP 44077 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Railroad St