508 Wood ST, Elyria, OH 44035
508 Wood ST, Elyria, OH 44035
508 Wood ST, Elyria, OH 44035
30
$176,513
$169,900
3.9%
Est.Price: ?

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6 BD
2 BA
2,440 SqFt

508 Wood ST Elyria, OH 44035

Est. payment /mo
SOLD DATE : 05/20/2026

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Key Details

Sold Price $176,513

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,440 sqft

Price per Sqft $72

Subdivision Colonial Oaks Sub

MLS Listing ID 5196871

Sold Date 05/20/26

Bedrooms 6

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 2,440

Year Built 1978

Annual Tax Amount $2,314

Tax Year 2024

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Duplex

Stories Two

Story Two

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.

Location

State OH

County Lorain

Rooms

Basement None

Interior

Heating Baseboard, Electric

Cooling Ceiling Fan(s)

Fireplace No

Appliance Dishwasher, Range, Refrigerator

Laundry In Unit

Exterior

Parking Features Attached, Driveway, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Shingle

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Midview Lsd - 4710

Others

Tax ID 10-00-004-113-043

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Private

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IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Traci Taylor • EXP Realty, LLC. • tracitaylorrealtor@gmail.com, 216-280-0934
Bought with Melissa J McConaughey • Russell Real Estate Services

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Bob Jackson

Bob Jackson

Agent | OH & WV | License ID: 2012001434,WV0028109

+1(304) 280-1242

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