Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$219,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,001 Sq. Ft.
  • 0.15 Acres
  • 2 Car Garage
  • Updated 19 hours ago

Next open house:

Open House: 12:00 PM - 2:00 PM

Sunday 5/3 12:00 PM - 2:00 PM

175 Wood Street,Painesville, OH 44077

175 Wood StreetPainesvilleOH44077

Get directions
See This Home
Save This Home
See This Home
Save This Home
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.

Full Property Details for 175 Wood St

General

  • Price: $219,900
  • Taxes: $4,025 (2025)
  • Status: Active
  • Type: Single Family
  • Source: 505
  • MLS ID: 5204751
  • Updated: 4/28/2026
  • Added to Site: Today

Interior

  • Number of Rooms: 8
  • Interior Features: Built-in Features, Ceiling Fan(s), Entrance Foyer, In-Law Floorplan, Primary Downstairs, Natural Woodwork
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Decorative, Living Room
  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Floor Baths: 1

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Main: 1

Other Rooms

  • Laundry: Common Area, Main Level

Exterior

  • Porch/Patio/Deck: Covered, Deck, Front Porch, Wrap Around

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Driveway, Garage Faces Front, Garage, Paved

Location

  • County: Lake
  • Township: Painesville
  • Driving Directions: Turn right onto W Washington St. Turn right onto Champion Dr/W High St. Turn right onto Wood 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

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Type: Forced Air, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Colonial
  • Construction: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full
  • Roof: Asphalt, Fiberglass
  • Stories/Levels: 2
  • Square Feet: 2,001
  • Living Area: 2,001 Sq. Ft.
  • Finished Above Grnd: 2,001 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Public Records
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size: .15
  • Lot Size Source: Assessor
  • Lot Features: 1/2 Acre, Irregular Lot

Financial Considerations

  • Tax Amount: $4,025
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 15-C-005-0-00-004-0

Listed by RE/MAX Crossroads Properties, Victoria Wallis

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 175 Wood St —

  • Victoria Wallis

    RE/MAX Crossroads Properties

victoriawallis@remax.net, 330-819-8216

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 175 Wood St

School District:Painesville City Local School District
NameGradesDistance
Maple Elementary School
560 West Jackson Street, Painesville, OH 44077
K-50.7 mi
Heritage Middle School
135 Cedarbrook Drive, Painesville, OH 44077
6-80.7 mi
Harvey High School
200 West Walnut Avenue, Painesville, OH 44077
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 175 Wood St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/28/2026
Listed
$219,900
38.3%
MLS
6/06/2023
Sold
$159,000
—
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 175 Wood St

Year
Property Taxes
Change
Tax Assessment
Change
2025
-100%
$81,670
—
2024
$3,909
50%
$81,670
92%
2023
$2,609
-34%
$42,430
—
2021
$3,941
37%
$42,430
—
2022
$2,872
15%
$42,430
18%
2020
$2,490
-1%
$35,960
—
2019
$2,514
1%
$35,960
—
2018
$2,488
10%
$35,960
15%
2017
$2,266
5%
$31,180
6%
2016
$2,161
-15%
$29,280
—
2015
$2,550
5%
$29,280
—
2014
$2,434
19%
$29,280
1%
2013
$2,049
—
$29,120
—
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.

Estimate the Cost for 175 Wood St

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by RE/MAX Crossroads Properties, Victoria Wallis

175 Wood Street, Painesville, OH 44077 (MLS# 5204751) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 175 Wood Street is currently listed for $219,900 and was received on April 28, 2026. Want to learn more about 175 Wood Street? Do you have questions about finding other Single Family real estate for sale in Painesville? You can browse all Painesville real estate or contact a Coldwell Banker agent to request more information.

Tour this property