508 Wood Street, Elyria, OH 44035
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by: traci taylor
Office: exp realty, llc.
MLS#:5196871
Source:OH_NORMLS
Price summary
- Price:$169,900
- Price per sq. ft.:$69.63
About this home
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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Home facts
- Year built:1978
- Listing ID #:5196871
- Added:47 day(s) ago
- Updated:May 15, 2026 at 07:23 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:12
- Kitchen Description:Dishwasher, Range, Refrigerator
- Basement:Yes
- Living area:2,440 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric
Structure and exterior
- Roof:Asphalt, Fiberglass, Shingle
- Year built:1978
- Building area:2,440 sq. ft.
- Lot area:0.25 Acres
- Construction Materials:Vinyl Siding
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$169,900
- Price per sq. ft.:$69.63
- Tax amount:$2,314 (2024)
Features and amenities
- Appliances:Dishwasher, Range, Refrigerator
Parking
- Parking description:Attached, Driveway, Garage
- Garage:Yes
- Garage spaces:2
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