$169,900

508 Wood Street, Elyria, OH 44035

  • 6 beds |
  • 2 baths |
  • 2,440 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $70/sqft
  • Property List Date Icon Listed 5 days ago

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.

Listing Status:
Active
Data Last Updated:
April 2, 2026 at 7:19AM
Listing Office:
EXP Realty, LLC. : 866-212-4991
Listing Agent:
Traci Taylor : 216-280-0934
MLS ID:
5196871
  • Appliances: DishwasherRangeRefrigerator
  • Laundry: In Unit
  • Basement: None
  • A/C: Ceiling Fan(s)
  • Heating: BaseboardElectric
  • Parking: AttachedDrivewayGarage
  • Roofing: AsphaltFiberglassShingle
  • General: Vinyl Siding2
  • Originating MLS: NOWDD_NORM
  • School District: Midview LSD - 4710
  • County: Lorain
  • Zoning: COLONIAL OAKS SUB 87.04 X 125.0010-00-004-113-043
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Traci Taylor , EXP Realty, LLC.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Midview North Elementary School

13070 Durkee Rd, Grafton, OH, 44044

Grades KG-2

3.72 miles away

M

Midview Middle School

12865 Grafton Rd, Grafton, OH, 44044

Grades 7-8

3.69 miles away

M

Midview High School

38199 Capel Rd, Grafton, OH, 44044

Grades 9-12

3.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.