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  • $176,513

    508 Wood St, Elyria, OH 44035

    6beds
    2,440sqft
    Duplex, Multi Family
    Built in 1978
    -- sqft lot
    $164,400 Zestimate®
    $72/sqft
    $1,248 Estimated rent

    Home value

    $164,400

    $156,000 - $173,000

    $1,248/mo

    Zestimate® history
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    $1,248/mo

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    $1,248/mo

    Rent Zestimate®

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    $1,213/mo

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    $1,213/mo

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    What's special

    Attached single-car garage
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Traci Taylor 216-280-0934 tracitaylorrealtor@gmail.com,

    EXP Realty, LLC.

    Bought with:

    Melissa J McConaughey, 2010001648

    Russell Real Estate Services

    Molly Szafran, 2019002806

    Russell Real Estate Services

    Source: MLS Now,MLS#: 5196871MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard, Electric
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Range, Refrigerator
    • Laundry: In Unit
    Features
    • Basement: None
    Interior area
    • Total structure area: 2,440
    • Total interior livable area: 2,440 sqft
    • Finished area above ground: 2,440
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Driveway, Garage
    • Attached garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.25 Acres
    Details
    • Parcel number: 1000004113043

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Vinyl Siding
    • Roof: Asphalt,Fiberglass,Shingle
    Condition
    • Year built: 1978

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Colonial Oaks Sub
    Location
    • Region: Elyria

    Financial & listing details

    • Price per square foot: $72/sqft
    • Tax assessed value: $150,170
    • Annual tax amount: $2,314
    • Date on market: 3/28/2026
    • Cumulative days on market: 53 days
    • Listing terms: Cash,Conventional,1031 Exchange

    Price history

    DateEventPrice
    5/22/2026Pending sale$169,900-3.7%$70/sqft
    Source: MLS Now #5196871 Report a problem
    5/20/2026Sold$176,513+3.9%$72/sqft
    Source: MLS Now #5196871 Report a problem
    4/30/2026Listed for sale$169,900$70/sqft
    Source: MLS Now #5196871 Report a problem
    4/3/2026Contingent$169,900$70/sqft
    Source: MLS Now #5196871 Report a problem
    3/28/2026Listed for sale$169,900+112.4%$70/sqft
    Source: MLS Now #5196871 Report a problem
    3/26/2026Sold$80,000$33/sqft
    Source: Public Record Report a problem
    5/11/2024Listing removed--
    Source: Zillow Rentals Report a problem
    3/23/2024Listed for rent$1,200
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,314 +16.7%$52,560 +25.7%
    2023$1,983 +0.3%$41,830
    2022$1,978 -0.3%$41,830
    2021$1,984 +2.6%$41,830 +10.2%
    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
    Find assessor info on the county website

    Neighborhood: 44035

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Midview LSD - 4710

    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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    Estimated market value
    $164,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $164,400