508 Wood St, Elyria, OH

Real Estate

For Sale

Listed price in listed location currency (USD).

$169,900

622

MLS® 5196871

Overview

Key Facts

Type Duplex

Levels Residential Income

Size 2440 sqft

Garage Yes

Taxes $2,314

Days Active 0

Lot Size 0.25 acres

Approx. Age 1978

Avg. Price Per Sqft $69

MLS® Number 5196871

Property Address: 508 Wood St, Elyria, OH, 44035-8054

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

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.

MLS® Number5196871

Laundry LevelIn Unit

Central VacNo

FireplaceNo

Acreage0.25

Exterior

GarageYes

Approx. Age1978

BasementNone

DrivewayAttached, Driveway, Garage

Garage Spaces2

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 28, 2026List Date

$169,900List Price

Map

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