Address
508 Furnace Street, Elyria, OH
Price
$ 111,750
Property Attributes
- MLS#5205304
- TypeSingle Family
- Listing Status Active
- CountyLorain
- CityElyria
- NeighborhoodMendelson
- Zip44035
- Style
- Year Built1950
- Taxes$ 1011
- Price$ 111,750
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Lot Size0.11 Acres
Data Source:
MLSNow
Property Description
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.
| Price History | |
|---|---|
| 4/29/2026 | Listed $105,000 |
| 6/12/2026 | 12$118,000 |
| 8/14/2026 | 5$111,750 |
General Features
| Sewer | Other |
|---|---|
| Heating | Other |
| Cooling | None |
| Possession | Delivery Of Deed |
| Roof | Other |
| Garage Spaces | 1 |
| Architectural Style | Ranch |
| Construction Materials | Frame,Other |
| Year Built | 1950 |
| Stories Count | 1 |
| Township | Elyria |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Lorain |
| Property Type | Residential |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | Mendelson |
| Garage Y/N | true |
| Total Rooms | 4 |
| Full Baths | 1 |
| Status | Active |
| Directions | Lorain County |
| ModificationTimestamp | 2026-08-14T15:07:53.953-00:00 |
| City | Elyria |
| High School District | Elyria CSD - 4706 |
| Lot Size Units | Acres |
| Carport Y/N | false |
| Land Lease Y/N | false |
| Tax Annual Amount | 1011 |
| Home Warranty Y/N | false |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Middle/Junior School District | Elyria CSD - 4706 |
| Elementary School District | Elyria CSD - 4706 |
| Year Built Source | Public Records |
| Property Sub Type Additional | Single Family Residence |
| PostalCity | ELYRIA |
| Legal Description | MENDELSON FRNT 0041.00 DPTH 0122.00 |
Interior Features
| Basement (Y/N) | false |
|---|---|
| Air Conditioning Y/N | false |
| Fireplace Y/N | false |
| Total Bedrooms | 2 |
| Main Level Bedrooms | 2 |
| Main Level Bathrooms | 1 |
| Total Baths | 1 |
Exterior Features
| Parking Features | Detached,Garage |
|---|---|
| Water Source | Other |
| Lot Size Area | 0.11 |
| Lot Size Acres | 0.11 |
| Lot Size Source | Appraiser |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 44035
Price
Taxes
Year Built
