Property Description

Investor Opportunity Near Lake Erie College! Great income producing property ideal for student housing. The property features two separate units, including a 3 bedroom, 1 bath upper unit and a 1 bedroom, 1 bath lower unit, offering flexible rental options. Located just minutes from campus, the property benefits from strong demand for off campus student housing. It is also a short drive from Great Lakes Mall, with convenient access to shopping, movie theaters, and restaurants. Currently tenant occupied with tenants who would love to stay, providing an excellent opportunity for immediate rental income. Perfect for investors or anyone looking to add a college rental property to their portfolio.

175 Wood Street | MLS# 5192581

This single family home located at 175 Wood Street, Painesville, OH 44077 is currently listed for sale with an asking price of $219,000. This property was built in 1900 and has 4 bedrooms and 2 full and 1 partial baths with 2001 sq. ft. Wood Street is located within the Painesville City Local school district. Search Painesville real estate on 542snivelyavenuenw.cutlerhomes.com today.

Property Features

Property Type: Residential - Single Family

Basement: Yes

Basement: Full, Unfinished

Cooling: None

Days on Market: 9

Garage: 2

Heating: Forced Air, Gas

Home Style: Colonial

Lot Size: 0.15 Acres

Roof Type: Asphalt

Stories: 2.0

Taxes: $2,609 / year

Year Built: 1900

Feature Descriptions

Community Features: Fitness, Laundry Facilities, Playground, Park, Shopping, Sidewalks

Exterior: Brick Veneer, Concrete, Vinyl Siding, Wood Siding

Laundry: Inside, Main Level, Laundry Room

Parcel#: 15-C-005-0-00-004-0

Parking: Garage, Paved

Sewer: Public Sewer

Water: Public

Local Schools

School District: Painesville City Local

Market Trends

Lake County Residential Market Trend Graphs

Zip Code 44077

Source: Delta Media Group, Inc.

Demographics

Lake County Demographic Information for 175 Wood Street, Painesville, OH 44077

Fips

Fips Code 39085

Population

2020 to 2023 Change down 0.4%

2010 Count 230,041

2020 Count 232,603

2023 Estimate (V2023) 231,640

2020 Estimate (V2023) 232,521

Age Distribution (Years Old)

0 to 4 4.8%

5 to 17 19.0%

18 to 64 54.5%

65 and Older 21.7%

Gender

Male 49.2%

Female 50.8%

Place of Birth

Foreign 5.4%

US 94.6%

Education

High School Graduate, Age 25+ 93.6%

Bachelor's Degree or Higher, Age 25+ 29.9%

Computer and Internet use

Households with a computer 94.0%

Households with a broadband Internet subscription 90.6%

Language

English is Second Language, Age 5+ 7.9%

English is First Language, Age 5+ 92.1%

Veterans

Veterans 13,652

Income

Per Capita Income $41,195

Median Household Income $76,835

People in Poverty 8.9%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 106,498

Households 99,324

Average Household Size 2.31

Owner-Occupied 74.7%

Multi-Family 19.7%

Owner-Occupied Median Value $189,600

Median selected monthly owner costs -with a mortgage $1,441

Median selected monthly owner costs -without a mortgage $602

Median gross rent $1,027

Building Permits

New Private Housing Issued 2023 435

Years at Residence

1 Year or More 89.4%

Less Than 1 Year 10.6%

Business and Employment

Private non-farm Establishments 5,513

Private non-farm Employment 83,817

Private non-farm Employment Growth down 0.5%

Nonemployer Establishments 17,449

Number of Firms 19,663

Business Production

Value of Shipments $6,531,471,000

Wholesale Trade $1,278,429,000

Retail Trade $3,755,526,000

Retail Sales Per Capita $15,267

Accommodation and Food Services $496,973,000

Land

Land Area 227.49 sq. miles

Population Per Square Mile 1,012

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,349.79 per month $1,068.50 Principal & Interest $217.42 Property Tax $63.88 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/23/2026. The listing information on this page last changed on 03/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 03/23/2026 12:23:29 AM EST) or Dayton MLS (last updated Sun 03/22/2026 11:46:33 PM EST) or CBRMLS (last updated Mon 03/23/2026 12:19:28 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Sun 03/22/2026 11:53:29 PM EST) or NKY MLS (last updated Sun 03/22/2026 11:28:25 PM EST) or Wrist MLS (last updated Sun 03/22/2026 11:24:17 PM EST) or Firelands MLS (last updated Sun 03/22/2026 11:11:34 PM EST) or MLS NOW (last updated Mon 03/23/2026 12:17:27 AM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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