USAOHPainesville175 Wood St
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175 Wood St, Painesville, OH

House

For Sale

Listed price in listed location currency (USD).
$219,900

432

MLS® 5204751

Open House
Sun May 3, 8:00-10:00 PM UTC
  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2001 sqft
Garage Yes
Taxes $4,025
Days Active 0
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $109
MLS® Number 5204751

Property Address: 175 Wood St, Painesville, OH, 44077-3336

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number5204751
Laundry LevelMain
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1900
BasementFull
DrivewayDriveway, Garage Faces Front, Garage, Paved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 28, 2026List Date
$219,900List Price
-End Date
Not Sold YetSold Price

For Sale

Mar 11, 2026List Date
$215,000List Price

Home Appraisal

This property is estimated to sell between: $194,000 and $233,000.
Similar properties in this area sold on average for: $194,293
Expected to sell in 50 days. Similar properties sold in 50 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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175 Wood St, Painesville, OH

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