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    • Price increase: $13K (6/12)
    $118,000

    508 Furnace St, Elyria, OH 44035

    2beds
    --sqft
    : 
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    Single Family Residence
    Built in 1950
    4,791 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Functional layout
    Cash-flowing rental with established tenancy at 508 Furnace St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This occupied property generates $1,200 per month on a month-to-month lease, providing immediate income. The tenant is responsible for all utilities, helping to keep operating expenses low and enhance overall returns. The home offers a functional layout with strong rental appeal and is positioned in an area with consistent demand. A dependable addition to a larger portfolio, this asset contributes steady cash flow within a diversified, income-producing package. Multiple properties must be purchased.  Singular properties will not be considered.  Reach out to co-listing agent for details.
    74 days
    |
    219
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tal Tamir 216-870-8687 tal@premierclevelandinvesting.com,

    Russell Real Estate Services,

    Benjamin Peleg 303-709-1063,

    Russell Real Estate Services

    Source: MLS Now,MLS#: 5205304MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Heating
      • Other
      Cooling
      • None
      Features
      • Has basement: No
      • Has fireplace: No

      Property

      Parking
      • Total spaces: 1
      • Parking features: Detached, Garage
      • Garage spaces: 1
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 4,791 Square Feet
      Details
      • Parcel number: 0624052104009
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Frame, Other
      • Roof: Other
      Condition
      • Year built: 1950

      Utilities & green energy

      • Sewer: Other
      • Water: Other

      Community & HOA

      Community
      • Subdivision: Mendelson
      HOA
      • Has HOA: No
      Location
      • Region: Elyria

      Financial & listing details

      • Tax assessed value: $58,470
      • Annual tax amount: $1,011
      • Date on market: 4/29/2026
      • Cumulative days on market: 71 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/12/2026Price change$118,000+12.4%
        Source: MLS Now #5205304 Report a problem
        6/8/2026Pending sale$105,000
        Source: MLS Now #5205304 Report a problem
        4/29/2026Listed for sale$105,000+180%
        Source: MLS Now #5205304 Report a problem
        11/9/2021Sold$37,500-6.3%
        Source: MLS Now #4327192 Report a problem
        10/22/2021Pending sale$40,000
        Source: MLS Now #4327192 Report a problem
        10/21/2021Listed for sale$40,000
        Source: MLS Now #4327192 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$992 +5.4%$20,460 +21.4%
        2023$941 +0.3%$16,860
        2022$938 +112.5%$16,860
        2021$441 +15.2%$16,860 +12.3%
        2020$383 +0.6%$15,010
        2019$381 -0.2%$15,010
        2018$381 -1.8%$15,010 +1%
        2017$388 +1.3%$14,860
        2016$383 +6.8%$14,860
        2015$359 +1.2%$14,860
        2014$355 +1%$14,860
        2013$351 +2.3%$14,860
        2012$343 $14,860
        2011-- --
        2010-- --
        2009-- --
        2008$416 +0.4%--
        2007$414 -43.2%--
        2006$730 +3%--
        2005$709 +11.7%--
        2004$635 +3.2%--
        2003$615 -0.1%--
        2002$615 -0.9%--
        2001$621 +6%--
        2000$586 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 44035

        Getting around

        41 / 100
        Car-Dependent
        23 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Elyria CSD - 4706

        Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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