Movoto Real Estate
Sold on 04/03/2026

508 Wood St, Elyria, OH 44035

$176,513

Last sold 04/03/2026 after 6 Days

  • 6

    bed

  • 2

    bath

  • 2,440

    Sqft ($72/Sqft)

Multi-family not for sale

About 508 Wood St

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 0.25 Acre
Parking 2 garage spaces
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.
Listed by
Listing Agent - Traci Taylor
Listing Agent Contact: Tracitaylorrealtor@gmail.com, 216-280-0934
Listing Office - EXP Realty, LLC.
Source: MLS Now mls logo
MLS#5196871 • last updated 3 months ago
Movoto checked MLS Now for data 5 minutes ago
Overview
Cooling/AC Ceiling Fan(s)
Levels/Style Two
MLS # 5196871
SqFt 2440
Status Closed
Lot Size (Acres) 0.25
Property Tax 2314
Interior
Total # of Bathrooms 2
# Bedrooms 6
Basement None
Laundry In Unit
Exterior
Construction Vinyl Siding
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Location
Subdivision Colonial Oaks Sub
Elem School District Midview LSD - 4710
Middle School District Midview LSD - 4710
High School District Midview LSD - 4710
We are not permitted to show value estimates for this property.
  • May 2026
    mls logo MLS # 5196871
  • May 20, 2026 Sold
    $176,513 (+3.9%)
  • Apr 2, 2026 Active
  • Mar 28, 2026 Listed
    $169,900 (+112.4%)
  • Mar 2026
    Public Records
  • Mar 26, 2026 Sold
    $80,000
  • Year Property taxes Tax assessment
  • 2024
    $2,314 +16.7%
    $52,560 +25.66%
  • 2023
    $1,983 +0.3%
    $41,826 -0.01%
  • 2022
    $1,978 -0.3%
    $41,830
  • 2021
    $1,984 +2.6%
    $41,830 +10.22%
  • 2020
    $1,935 +0.4%
    $37,950
  • 2019
    $1,928 -1.2%
    $37,950
  • 2018
    $1,951 +89.3%
    $37,950 +104.8%
  • 2017
    $1,031
    $18,530
  • 508 Wood St
    $176K
  • Colonial Oaks Sub
    $179K
  • 44035
    $289K +20% y/y
  • Elyria
    $281K +17% y/y
No chart available
Statistics calculated by Movoto

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N/A
7/10
6/10
7/10
6/10
Source: GreatSchools.org © 2026. All rights reserved.

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