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.
Active
Price cut: $6.3K (8/14)
$111,750
508 Furnace St, Elyria, OH 44035
2beds
--sqft
Single Family Residence
Built in 1950
4,791 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Functional layout
- 126 days
- 190
- 1
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#: 5205304
Originating MLS: Akron Cleveland Association of REALTORS
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: 123 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Price change | $111,750-5.3% |
Source: | ||
| 6/12/2026 | Price change | $118,000+12.4% |
Source: | ||
| 6/8/2026 | Pending sale | $105,000 |
Source: | ||
| 4/29/2026 | Listed for sale | $105,000+180% |
Source: | ||
| 11/9/2021 | Sold | $37,500-6.3% |
Source: | ||
| 10/22/2021 | Pending sale | $40,000 |
Source: | ||
| 10/21/2021 | Listed for sale | $40,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,012 +2% | $20,460 |
| 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
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Neighborhood: 44035
Nearby schools
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.






