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508 Wood Street
Elyria, OH 44035

$169,900 - Status: Contingent
SQFT: 2,440
MLS# 5196871

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.

Property Features

MLS#: 5196871
Zip: 44035
Subdivision: Colonial Oaks Sub
Development: Elyria
Property Type: Multi Unit - Multiple
Basement: None
Cooling: Ceiling Fan(s)
Days on Site: 28
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

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 www.greatmoverealty.net today.

Listed By / Shown By

Listed By

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

Shown By

Agency Title: Great Move Realty
Agency Phone: (330) 624-9605

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