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$169,900 Contingent
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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.
Full Property Details
Full Property Details for 508 Wood St
General
- Price: $169,900
- Taxes: $2,314 (2024)
- Status: Contingent
- Type: Duplex
- Source: 505
- MLS ID: 5196871
- Updated: 4/3/2026
- Added to Site: 7 day(s) ago
Interior
- Number of Rooms: 12
- Appliances: Dishwasher, Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: In Unit
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Parking Features: Attached, Driveway, Garage
Location
- County: Lorain
- Township: Elyria
- Subdivision: Colonial Oaks Sub
- Driving Directions: Grafton Rd to Fuller Rd., left onto Edward Ave., right onto Wood St.
School Information
- Elem School District: Midview LSD - 4710
- Midd School District: Midview LSD - 4710
- High School District: Midview LSD - 4710
Heating & Cooling
- Cooling Type: Ceiling Fan(s)
- Heating Type: Baseboard, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Basement Desc.: None
- Roof: Asphalt, Fiberglass, Shingle
- Stories/Levels: 2
- Square Feet: 2,440
- Living Area: 2,440 Sq. Ft.
- Finished Above Grnd: 2,440 Sq. Ft.
- Year Built: 1978
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.25
- Lot Size: .25
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $2,314
- Tax Year: 2024
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Legal Description: COLONIAL OAKS SUB 87.04 X 125.00
- Property ID: 10-00-004-113-043
Listed by EXP Realty, LLC., Traci Taylor
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Schools
Schools serving 508 Wood St
School District:Midview Local School District
| Name | Grades | Distance |
|---|---|---|
Midview North Elementary School 13070 Durkee Road, Grafton, OH 44044 | K-2 | 3.8 mi |
Midview West Elementary School 13080 Durkee Road, Grafton, OH 44044 | 3-4 | 3.9 mi |
Midview Middle School 12865 Grafton Road, Grafton, OH 44044 | 7-8 | 3.7 mi |
Midview High School 38199 Capel Road, Grafton, OH 44044 | 9-12 | 3.5 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 Wood St
Date
Details
Price
Change
Source
3/28/2026
Listed
$169,900
—
MLS
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
Tax History for 508 Wood St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,314
17%
$52,560
26%
2023
$1,983
—
$41,826
—
2022
$1,978
—
$41,830
—
2021
$1,984
3%
$41,830
10%
2020
$1,935
—
$37,950
—
2019
$1,928
-1%
$37,955
—
2018
$1,951
89%
$37,955
105%
2017
$1,031
—
$18,536
—
2016
$1,030
-1%
$18,536
—
2015
$1,036
1%
$18,536
3%
2014
$1,025
-3%
$17,998
—
2013
$1,057
—
$17,998
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 508 Wood St
508 Wood Street, Elyria, OH 44035 (MLS# 5196871) is a Duplex property with 6 bedrooms and 2 full bathrooms. 508 Wood Street is currently listed for $169,900 and was received on March 28, 2026. Want to learn more about 508 Wood Street? Do you have questions about finding other Duplex real estate for sale in Elyria? You can browse all Elyria real estate or contact a Coldwell Banker agent to request more information.
