175 Wood Street, Painesville, OH 44077

Painesville
Local realty services provided by:ERA Real Solutions Realty
175 Wood Street,Painesville, OH 44077
$219,900
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  • 4 Beds
  • 3 Baths
  • 2,001 sq. ft.
  • Single family
  • Active
Listed by: victoria wallis
Office: re/max crossroads properties
MLS#:5204751
Source:OH_NORMLS

Price summary

  • Price:$219,900
  • Price per sq. ft.:$109.9

About 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...

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Home facts

  • Year built:1900
  • Listing ID #:5204751
  • Added:9 day(s) ago
  • Updated:May 08, 2026 at 02:15 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Rooms Total:8
  • Kitchen Description:Microwave, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Full
  • Living area:2,001 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1900
  • Building area:2,001 sq. ft.
  • Lot area:0.15 Acres
  • Architectural Style:Colonial
  • Construction Materials:Vinyl Siding
  • Exterior Features:Deck
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$219,900
  • Price per sq. ft.:$109.9
  • Tax amount:$4,025 (2025)

Features and amenities

  • Appliances:Microwave, Range, Refrigerator, Washer
  • Laundry features:Dryer, Washer

Parking

  • Parking description:Driveway, Garage, Paved
  • Garage:Yes
  • Garage spaces:2
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