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175 Wood Street Painesville, OH $ 219,900
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$ 219,900 Get more info
175 Wood Street
$ 219,900
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Recently Listed
Open House 5/3 12pm - 2pm
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175 Wood Street

Painesville, OH, 44077
$ 219,900
Bedrooms4 Baths2.1 Sq 2,001

Monthly Estimate*

$ 1,354

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Single Family Home for sale in Painesville, OH

for $219,900 with 4 bedrooms and 2 full baths, 1 half bath. This 2,001 square foot home was built in 1900 on a lot size of 0.15.

Perfect for savvy investors and owner-occupants alike, this meticulously maintained single-family home near Lake Erie College offers a rare combination of historic charm and high-yield performance with a gross cap rate of 15%. Currently utilizing a successful rent-by-the-room and single-room occupancy (SRO) model, the property produces a total monthly income of $2,750. The layout features three upstairs bedrooms optimized for student housing at $700/room and a cozy lower-level suite currently rented to a family member, offering immediate cash flow with significant pro-forma upside. The first floor showcases gorgeous original woodwork and a primary bedroom with a decorative fireplace. This turn-key opportunity features major capital improvements: a newer roof, gutters, and vinyl siding (2014), plus a new furnace, updated electrical, and a detached garage (2016). Efficiency is a priority with vinyl windows and a heavily insulated attic (R40+). Inside, Old World soul meets modern updates like new plumbing, laminate kitchen flooring, and brand-new upstairs LVP. As an added bonus, the sofa, coffee table, and dining table convey, making this truly rental-ready. Residents will enjoy the welcoming front porch and a recently redone two-tiered back deck, all minutes from campus and shopping. Whether seeking a high-demand student rental or a multi-generational residence that pays for itself, this is a fantastic opportunity in a prime Painesville location.

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Open House

5/3/2026 12:00 PM - 2:00 PM
175 Wood Street Painesville, OH
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
Single Family Active

Price

$ 219,900

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 4,025

Style

Lot Size

0.15

Year Built

1900

Town/City

Painesville

County/Region

Lake

MLS | Web ID

5204751
Features
General
Sewer Public Sewer
Heating Forced Air Gas
Cooling Ceiling Fan(s) Window Unit(s)
Possession Negotiable
Roof Asphalt Fiberglass
Appliances Dryer Microwave Range Refrigerator Washer
Garage Spaces 2
Patio/Porch Features Covered Deck Front Porch Wrap Around
Architectural Style Colonial
Construction Materials Vinyl Siding
Year Built 1900
Stories Count 2
Township Painesville
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Lake
Property Type Residential
HOA false
Attached Garage false
Garage Y/N true
Total Rooms 8
Full Baths 2
Status Active
Directions Turn right onto W Washington St. Turn right onto Champion Dr/W High St. Turn right onto Wood St.
City Painesville
High School District Painesville City LSD - 4305
Lot Size Units Acres
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 4025
Home Warranty Y/N false
Property Condition Updated/Remodeled
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Painesville City LSD - 4305
Elementary School District Painesville City LSD - 4305
Year Built Source Public Records
Property Sub Type Additional Single Family Residence
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Interior
Interior Amenities Built-in Features Ceiling Fan(s) Entrance Foyer In-Law Floorplan Primary Downstairs Natural Woodwork
Basement Full
Total Fireplaces 1
Fireplace Features Decorative Living Room
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Above Grade Finished Area 2001
Half Baths 1
Laundry Features Common Area Main Level
Total Bedrooms 4
Main Level Bedrooms 1
Main Level Bathrooms 1
Above Grade Finished Area Source Assessor
Total Baths 3
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Exterior
Parking Features Driveway Garage Faces Front Garage Paved
Lot Features < 1/2 Acre Irregular Lot
Water Source Public
Lot Size Area 0.15
Lot Size Acres 0.15
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Victoria Wallis

Listing Agent

Re/Max Crossroads Properties

Broker

victoriawallis@remax.net

Email

Affordability Calculator

$1,689
Per Month
80%
20%
0%
Monthly Principal & Interest
$1,354
Monthly Property Taxes
$335
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4458709 Elementary School
4458738 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
4/28/2026 $219,900 Listed Price

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175 Wood Street, Painesville, OH, 44077 is a Single Family Home for sale at $219,900 with 2,001 sqft and a lot size of 0.15. 175 Wood Street has 4 bedrooms, 2.1 baths, and was built in 1900. The property's zip code is 44077 which is in Painesville, OH

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