Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Select Properties

508 Wood Street, 
Elyria, OH 44035

$176,513


6

Beds


2

Baths


2,440

Sq Ft


Multi-Family

Sold

Listed by

Traci Taylor

Bought with Russell Real Estate Services

eXp Realty, LLC.

866-212-4991

MLS#

5196871

Source:

OH NORMLS

Sorry, we are unable to map this address

About This Home

508 Wood Street

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.

Home Facts

Multi-Family

2 Baths

6 Bedrooms

Built in 1978

Price Summary

169,900

$69 per Sq. Ft.

MLS #:

5196871

Sold:

May 20, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,440 Sq. Ft.


Structure

Structure

Building Area:

2,440 Sq. Ft.

Year Built:

1978


Lot

Lot Size (Sq. Ft):

10,890


Finances & Disclosures

Finances

Price:

$169,900

Price per Sq. Ft:

$69 per Sq. Ft.

MLS Logo
The information being provided by Mls Now is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Mls Now All rights reserved.