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Alyssa Wallace
REALTOR®
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508 Wood Street, Elyria, OH 44035

$169,900
  • 508 Wood Street, Elyria, OH 44035 Main Photo
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New to the Market Active
BEDS6 BATHS2 full SQUARE FEET2,440 MLS#5196871
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONColonial Oaks Sub SCHOOLMidview Local

Property Description

Some properties are priced for perfection. This one is priced for potential ? and that's exactly the point. This side-by-side duplex is a straightforward opportunity for the investor who knows how to see past paint and patched walls, or for the buyer who's ready to stop paying someone else's mortgage and start building something of their own. House hacking done right starts with a property like this. Each unit offers 1,220 square feet, 3 bedrooms, a full bath, and an attached single-car garage ? a layout that rents well and lives well. One side is currently tenant-occupied and generating income from day one. The other side is vacant, has been updated, and is move-in ready with two things standing between you and full occupancy: paint and a little wall repair. That's it. That's the ask. The big stuff? Already handled. A brand new roof and gutters installed November 2023? one of the most expensive line items any investor dreads is already off your list. The pricing here is intentional. It reflects the current rental market in the area, the cosmetic work ahead, and the very real upside waiting on the other side of it. This isn't a hidden gem that nobody noticed. It's a property that rewards buyers who show up prepared and move with clarity. Whether you're adding to a portfolio or stepping into your first house hack, 508-510 Wood St meets you where you are ? and gives you room to grow. Priced for the work. Built for the return.

508 Wood Street | MLS# 5196871

This multi-family property located at 508 Wood Street, Elyria, OH 44035 is currently listed for sale with an asking price of $169,900. Wood Street is located within the Midview Local school district. Search Elyria real estate on abrady.dehoff.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Ceiling Fan(s)
Garage: 2 car attached
Heating: Baseboard, Electric
Lot Size: 0.25 Acres
Roof Type: Asphalt, Fiberglass, Shingle
Stories: 2.0
Taxes: $2,314 / year
Year Built: 1978

Feature Descriptions

Appliances: Dishwasher, Range, Refrigerator
Exterior: Vinyl Siding
Laundry: In Unit
Parcel#: 10-00-004-113-043
Parking: Attached, Driveway, Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Midview Local

Listed By / Shown By

Listed By

Agency Name: EXP Realty, LLC.
Agency Contact: tracitaylorrealtor@gmail.com, 216-280-0934

Shown By

Agent Name: Alyssa Wallace
Agent Phone: (330) 880-3882
Agency Title: DeHOFF REALTORS

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Estimate Your Payment

Estimated Payment

$ 992.94 per month $750.56 Principal & Interest $192.83 Property Tax $49.55 Homeowner's Insurance

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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 03/28/2026. The listing information on this page last changed on 03/28/2026. 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 Sat 03/28/2026 2:58:06 PM EST) or MLS NOW (last updated Sat 03/28/2026 2:53:17 PM EST). Real estate listings held by brokerage firms other than DeHOFF REALTORS 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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