Price Reduction
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
© MLS Now, INC - Northern Ohio Regional Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this
