508 Wood St
Elyria, OH 44035
- 6 Beds
- 2 Baths
- 2,440 sqft (on 0.25 acres)
6 Beds
2 Baths
2,440 sqft
(on 0.25 acres)
Local Information
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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.
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 Highlights
Parking
2 Car Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$70
Listed
42 days ago
Home Details for 508 Wood St
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MLS Status: Contingent |
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Interior Details Basement: NoneNumber of Rooms: 12 |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 2440 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Range, RefrigeratorDishwasherLaundry: In UnitRefrigerator |
Heating & Cooling Heating: Baseboard,ElectricAir Conditioning: Ceiling Fan(s)Has HeatingHeating Fuel: Baseboard |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
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Exterior Home Features Roof: Asphalt Fiberglass ShingleNo Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached,Driveway,Garage |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 2440 Square Feet |
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Cumulative Days on Market: 6Days on Market: 42 |
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Year Built Year Built: 1978 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex, Multi Family |
Building Construction Materials: Vinyl SidingDoes Not Include Home Warranty |
Property Information Parcel Number: 1000004113043 |
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Price List Price: $169,900Price Per Sqft: $70 |
Status Change & Dates Possession Timing: Negotiable |
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Direction & Address City: ElyriaCommunity: Colonial Oaks Sub |
School Information Elementary School District: Midview LSD - 4710Jr High / Middle School District: Midview LSD - 4710High School District: Midview LSD - 4710 |
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Listing Agent Listing ID: 5196871 |
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Building Area Building Area: 2440 Square Feet |
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Association for this Listing: Akron Cleveland Association of REALTORS |
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Lot Area: 10890 sqft |
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Contingencies: Appraisal, Other See RemarksListing Terms: Cash, Conventional, 1031 Exchange |
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Mls Number: 5196871Living Area Range Units: Square FeetAttribution Contact: tracitaylorrealtor@gmail.com, 216-280-0934Above Grade Unfinished Area: 2440 |
Last check for updates: about 3 hours ago
Listing Provided by: Traci Taylor, (216) 280-0934
EXP Realty, LLC.
Originating MLS: Akron Cleveland Association of REALTORS
Source: MLS Now, MLS#5196871

Also Listed on MLS Now, eXp Realty.
Price History for 508 Wood St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/30/2026 | $169,900 | PendingToActive | MLS Now #5196871 |
| 04/03/2026 | $169,900 | Contingent | MLS Now #5196871 |
| 03/28/2026 | $169,900 | Listed For Sale | MLS Now #5196871 |
| 03/26/2026 | $80,000 | Sold | N/A |
| 05/11/2024 | ListingRemoved | Zillow Rentals | |
| 03/23/2024 | $1,200 | Listed For Rent | Zillow Rentals |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $2,314 |
| Assessment | $150,170 |
Home facts updated by county records
Comparable Sales for 508 Wood St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.59 | Multi-Family Home | $106,000 | 10/15/25 | 7 | 3 | 2,306 | |
0.98 | Multi-Family Home | $85,000 | 06/09/25 | 5 | 2 | 2,009 | |
0.71 | Multi-Family Home | $129,900 | 09/12/25 | 3 | 2 | 1,632 | |
0.96 | Multi-Family Home | $145,000 | 01/07/26 | 4 | 3 | 4,020 | |
1.38 | Multi-Family Home | $156,500 | 02/26/26 | 4 | 2 | 1,922 | |
1.40 | Multi-Family Home | $225,000 | 12/23/25 | 4 | 2 | 3,206 |
Assigned Schools
These are the assigned schools for 508 Wood St.
What Locals Say about Elyria
At least 386 Trulia users voted on each feature.
88 % Say car is needed
85 % Say parking is easy
84 % Say there are sidewalks
83 % Say yards are well-kept
80 % Say it's dog friendly
70 % Say kids play outside
70 % Say there's holiday spirit
58 % Say streets are well-lit
52 % Say neighbors are friendly
52 % Say people would walk alone at night
49 % Say there's wildlife
49 % Say it's quiet
46 % Say they plan to stay for at least 5 years
41 % Say it's walkable to restaurants
40 % Say it's walkable to grocery stores
21 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Traci Taylor, EXP Realty, LLC.
Agent Phone: (216) 280-0934

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2026 - Multiple Listing Service, Inc. – All Rights Reserved.
508 Wood St, Elyria, OH 44035 is a 6 bedroom, 2 bathroom, 2,440 sqft multi-family built in 1978. This property is currently available for sale and was listed by MLS Now on Mar 28, 2026. The MLS # for this home is MLS# 5196871.

