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508 Wood Street, 
Elyria, OH 44035

$169,900


6

Beds


2

Baths


2,440

Sq Ft


Multi-Family


Virtual Tour

Pending

Listed by

Traci Taylor

eXp Realty, LLC.

866-212-4991

Last updated:

May 15, 2026, 07:23 AM

MLS#

5196871

Source:

OH NORMLS

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

Last Updated:

May 15, 2026, 07:23 AM

Added:

1 month(s) ago


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.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.