508 Wood St Elyria, OH 44035
Estimated payment $1,100/month
Highlights
- 2 Car Attached Garage
- Ceiling Fan
- Baseboard Heating
- Midview West Elementary School Rated 9+
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.
Listing Agent
EXP Realty, LLC. Brokerage Email: tracitaylorrealtor@gmail.com, 216-280-0934 License #2020001279 Listed on: 03/28/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,314
Year Built
- Built in 1978
Parking
- 2 Car Attached Garage
- Driveway
Home Design
- Fiberglass Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,440 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Laundry in unit
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Additional Features
- 10,890 Sq Ft Lot
- Baseboard Heating
Community Details
- Colonial Oaks Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 10-00-004-113-043
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,314 | $52,560 | $9,412 | $43,148 |
| 2023 | $1,983 | $41,825 | $7,410 | $34,416 |
| 2022 | $1,978 | $41,825 | $7,410 | $34,416 |
| 2021 | $1,984 | $41,825 | $7,410 | $34,416 |
| 2020 | $1,935 | $37,950 | $6,720 | $31,230 |
| 2019 | $1,928 | $37,950 | $6,720 | $31,230 |
| 2018 | $1,951 | $37,950 | $6,720 | $31,230 |
| 2017 | $1,031 | $18,530 | $3,750 | $14,780 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/28/2026 03/28/26 | For Sale | $169,900 | -- | $70 / Sq Ft |
Source: MLS Now
MLS Number: 5196871
APN: 10-00-004-113-043
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Ask me questions while you tour the home.