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508 Wood Street

Elyria, OH 44035
  • $169,900
  • STATUS: Contingent
  • ON SITE: 23 Days
  • MLS #: 5196871
Under Contract
UPDATED: 29 min ago
$169,900
  • 6
    BEDS
  • 0.25
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,440
    SQFT
  • $70
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Ratings & Info

School District:
Listing courtesy of EXP Realty, LLC..
Listing information © 2026 YES-MLS.

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.

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Listing information © 2026 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Matheos Group | Keller Williams Citywide are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2026-04-21T12:08:51.543.
www.matheosoh.com/homes/174544115
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508 Wood Street Elyria, OH 44035

  • Price: $169,900
  • Status: Contingent
  • On Site: 23 Days
  • Updated: 29 min ago
  • MLS #: 5196871
6
Beds
2
Baths
0
½ Baths
0.25
Acres
2,440
SQFT
$70
$/SQFT
1978
Built
Neighborhood:
Colonial Oaks Sub
County:
Lorain
Area:
Elyria
School District:
Midview LSD
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.
Exterior Features

Attached Garage YN Yes Carport YN No Construction Materials Vinyl Siding Garage YN Yes Levels Two Parking Features Attached Driveway Garage Roof Asphalt Fiberglass Shingle Waterfront YN No

Interior Features

Appliances Dishwasher Range Refrigerator Basement None Basement YN No Below Grade Finished Area 0 Cooling Ceiling Fan(s) Heating Baseboard Electric Heating YN Yes Laundry Features In Unit Main Level Bathrooms 0

Property Features

Above Grade Finished Area 2440 Elementary School District Midview LSD - 4710 Home Warranty YN No Listing Terms Cash Conventional1031 Exchange Middle Or Junior School District Midview LSD - 4710 Property Sub Type Duplex Sewer Public Sewer Tax Annual Amount 2314 Township Elyria Water Source Public

Listing information © 2026 YES-MLS.
Listing provided courtesy of EXP Realty, LLC.: 866-212-4991.
Listing information © 2026 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Matheos Group | Keller Williams Citywide are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2026-04-21T12:08:51.543.
 
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The Matheos Group | Keller Williams Citywide
2001 Crocker Road #200
Westlake OH, 44145
Listing courtesy of EXP Realty, LLC..
Listing information © 2026 YES-MLS.