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$105,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 0.11 Acres
  • 1 Car Garage
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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.

Full Property Details for 508 Furnace St

General

  • Price: $105,000
  • Taxes: $1,011 (2025)
  • Status: Active
  • Type: Single Family
  • Source: 505
  • MLS ID: 5205304
  • Updated: 4/29/2026
  • Added to Site: 20 day(s) ago

Interior

  • Number of Rooms: 4

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main: 2

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Detached, Garage

Location

  • County: Lorain
  • Township: Elyria
  • Subdivision: Mendelson
  • Driving Directions: Lorain County

School Information

  • Elem School District: Elyria CSD - 4706
  • Midd School District: Elyria CSD - 4706
  • High School District: Elyria CSD - 4706

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Other

Utilities

  • Sewer: Other
  • Water: Other

Structural Information

  • Architectural Style: Ranch
  • Construction: Frame, Other
  • Roof: Other
  • Stories/Levels: 1
  • Year Built: 1950
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size: .11
  • Lot Size Source: Appraiser

Financial Considerations

  • Tax Amount: $1,011
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: MENDELSON FRNT 0041.00 DPTH 0122.00
  • Property ID: 06-24-052-104-009

Listed by Russell Real Estate Services, Tal Tamir and Russell Real Estate Services, Benjamin Peleg

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Listing agents

— 508 Furnace St —

  • Tal Tamir

    Russell Real Estate Services

  • Benjamin Peleg

    Russell Real Estate Services

tal@premierclevelandinvesting.com, 216-870-8687

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 508 Furnace St

School District:Elyria City School District
NameGradesDistance
Ely Elementary School
312 Gulf Road, Elyria, OH 44035
K-40.9 mi
Northwood Middle School, Elyria, OH
570 Abbe Road North, Elyria, OH 44035
5-82 mi
Elyria High School
311 6th Street, Elyria, OH 44035
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 508 Furnace St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/29/2026
Listed
$105,000
-90%
MLS
8/04/2023
Sold
$1,050,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 508 Furnace St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$992
5%
$20,465
21%
2023
$941
—
$16,860
—
2022
$938
113%
$16,860
—
2021
$441
15%
$16,860
12%
2020
$383
1%
$15,010
—
2019
$381
—
$15,012
—
2018
$381
-2%
$15,012
1%
2017
$388
1%
$14,855
—
2016
$383
7%
$14,855
—
2015
$359
1%
$14,855
—
2014
$355
1%
$14,855
—
2013
$351
—
$14,855
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Russell Real Estate Services, Tal Tamir and Russell Real Estate Services, Benjamin Peleg

508 Furnace Street, Elyria, OH 44035 (MLS# 5205304) is a Single Family property with 2 bedrooms and 1 full bathroom. 508 Furnace Street is currently listed for $105,000 and was received on April 29, 2026. Want to learn more about 508 Furnace Street? Do you have questions about finding other Single Family real estate for sale in Elyria? You can browse all Elyria real estate or contact a Coldwell Banker agent to request more information.

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