508 Wood Street Elyria, OH $ 169,900
508 Wood Street
$ 169,900
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508 Wood Street

Elyria, OH, 44035
$ 169,900
Bedrooms6 Baths2.0 Sq 2,440

Monthly Estimate*

$ 1,046

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Multi-Family Home for sale in Elyria, OH

for $169,900 with 6 bedrooms and 2 full baths. This 2,440 square foot home was built in 1978 on a lot size of 0.25.

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.

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Multi-Family Active

Price

$ 169,900

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,314

Style

Lot Size

0.25

Year Built

1978

Town/City

Elyria

County/Region

Lorain

MLS | Web ID

5196871

Features
General
Sewer Public Sewer
Heating Baseboard Electric
Cooling Ceiling Fan(s)
Possession Negotiable
Roof Asphalt Fiberglass Shingle
Appliances Dishwasher Range Refrigerator
Garage Spaces 2
Construction Materials Vinyl Siding
Year Built 1978
Stories Count 2
Township Elyria
Levels Two
Property Subtype Duplex
Tax Year 2024
County Lorain
Property Type Residential Income
Attached Garage true
Subdivision Name Colonial Oaks Sub
Garage Y/N true
Total Rooms 12
Full Baths 2
Status Active
Directions Grafton Rd to Fuller Rd. left onto Edward Ave. right onto Wood St.
City Elyria
High School District Midview LSD - 4710
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 2314
Home Warranty Y/N false
Virtual Tour https://www.zillow.com/view-imx/4c285300-4086-4e4a-a048-1f5eb70eb985/?utm_source=captureapp
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Midview LSD - 4710
Elementary School District Midview LSD - 4710
Year Built Source Public Records
Property Sub Type Additional Duplex
Legal Description COLONIAL OAKS SUB 87.04 X 125.00
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Interior
Basement None
Basement (Y/N) false
Heating Y/N true
Above Grade Finished Area 2440
Half Baths 0
Laundry Features In Unit
Total Bedrooms 6
Below Grade Finished Area 0
Main Level Bathrooms 0
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Total Baths 2
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Exterior
Parking Features Attached Driveway Garage
Water Source Public
Lot Size Area 0.25
Number of Buildings 1
Lot Size Acres 0.25
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Traci Taylor

Listing Agent

Exp Realty, Llc.

Broker

tracitaylorrealtor@gmail.com

Email

Affordability Calculator

$1,239
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,046
Monthly Property Taxes
$193
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4457968 Elementary School
4457869 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/28/2026$169,900 Listed Price

Map


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508 Wood Street, Elyria, OH, 44035 is a Multi-Family Home for sale at $169,900 with 2,440 sqft and a lot size of 0.25. 508 Wood Street has 6 bedrooms, 2.0 baths, and was built in 1978. The property's zip code is 44035 which is in Elyria, OH